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Annuity repayment

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hyponamiru.cz / Glossaries / Annuity repayment

For mortgages, you may see annuity, degressive or progressive repayments. Czech banks offer only one option, the annuity payment. In this case, the amount of the monthly mortgage payment is the same for the entire term of the chosen fixation. You can easily calculate the total amount of the monthly instalment in our online mortgage calculator.

Principal and interest

Each instalment consists of principal and interest. The repayment schedule shows how much of each instalment is principal and how much you will pay in interest. For the first instalment, most of the payment goes towards interest. With each subsequent instalment, the amount paid in interest gradually decreases. In the case of principal, the opposite is true – with each subsequent payment, the amount going towards principal increases.  

Easy financial planning

Although there are other types of repayment (note: mainly degressive and progressive), Czech banks practically do not offer them. Czechs like security and a constant mortgage payment amount allows them to better plan their finances.

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Frequently asked questions

Do you deal with new mortgages as well as refinancing?

Yes, we deal with both new mortgages as well as refinancing of the existing home mortgage loans. Our specialists will find a solution for you in either case – a solution you can afford.

How long does it take to arrange a mortgage?

A mortgage can be arranged within a month or three. The whole process usually takes around two months. The reason behind it is mostly the approval process on the side of the banks. However, there’re plenty of possibilities to speed up the mortgage application and we know them. Check it out for yourself.

With which Czech banks do you have the best experience?

The most client-oriented bank is certainly Hypoteční banka with their speed of request processing, the service quality, the range of checking accounts they offer, and the interface called “Mortgage Zone”. Other such banks include Komerční banka, Moneta and Raiffeisenbank.

Can a mortgage be really arranged online?

Yes, it can. Thanks to the latest technology we’re using, you really don’t need to go to the bank to arrange a mortgage. Check it out for yourself.

We facilitate consumer credit as a tied agent registered by CNB under company ID number 05736501. We are also registered as an independent consumer credit broker of commercial company Broker Trust, a.s., company ID number: 26439719.

@ 2022 The company Hypo na míru s.r.o. is registered at the Municipal Court in Prague, file number C 269834, company ID number: 05736501.