A no-purpose mortgage can also be referred to as an anything mortgage, a non-purpose mortgage or an American mortgage. The bank does not ask for what purpose you are requesting the funds, but will lend up to a maximum of 70% LTV of the mortgaged property.
With a no-purpose mortgage, you do not prove to the bank the use of the funds
If you opt for a non-purpose mortgage, you do not have to prove to the bank what you will use the money for. However, it is still a loan secured by a mortgage on a residential property. This property is located in the Czech Republic and is registered in the Real Estate Cadastre.
Did you know that a no-purpose mortgage is cheaper than a conventional consumer loan? Plus, just like a conventional mortgage, you can choose the length of time your interest rate is fixed.

When to go into a mortgage without a purpose?
- You can use it to buy a cottage or other property for recreation, as well as to equip your home or purchase a vehicle.
- It can also come in handy when you need to consolidate multiple loans into one.
- You can apply alone or with someone else.