Česká spořitelna has a very long tradition on the Czech market. It is the largest bank in the Czech Republic in terms of the number of clients. Its services are used by more than 4.63 million people. Česká spořitelna provides its clients with a wide range of banking products and services from current account management to consumer loans, savings accounts, insurance, investments and mortgages. In 2018, Česká spořitelna granted 23,289 new mortgage loans with a total volume of almost CZK 51.2 billion. The volume of the total mortgage portfolio exceeded CZK 250 billion. You can arrange a mortgage from Česká spořitelna online at hyponamiru.cz
Advantages of a mortgage with Česká spořitelna
- Pre-mortgage loan (e.g. for the purchase of a cooperative housing)
- No mortgage processing and administration fees
- Variability of repayments (possibility to increase or decrease the monthly repayment by up to 30%)
- Interruption of mortgage repayment for up to 3 months
- Insurance for 50% of the loan amount
- Additional part of the loan up to 400 000 CZK for equipment
- Free property appraisal for refinancing
- Possibility to calculate the turnover income for self-employed persons
Discounts
| Type of discount | Amount of discount |
| Discount for using your ČS account | 0,50 % |
| The discount for repayment protection insurance (PPI) | 0,20 % |
Terms and conditions of a mortgage from Česká spořitelna
Basic account
- FREE account management
- Outgoing payment 5,- to 7,- CZK
- ATM withdrawal 5,- CZK
Account Moje zdravé finance
- Account management 100,- CZK
- Discount of CZK 50,- for arranging a mortgage or other Česká spořitelna product
- Discount 50,- CZK for turnover of min. 7 000,- CZK + 1x card payment at the merchant
- Free withdrawals from Česká spořitelna ATMs
Insurance
The price is based on the mortgage repayment – the advantage is that if you make an extra deposit the repayment is reduced.
| Name | Deaths | Disability | Work incapacity | Loss of employment | Price |
| Standard | YES | Level 3 | YES | YES | 8.50% of the instalment |
| Plus | YES | Level 3 | YES | YES | 9.50% of the instalment |
| Standard 50% | 50% of the loan amount | ||||
| Plus 50% | 50% of the loan amount |
Death insurance
The amount of the outstanding principal of the mortgage loan is credited to the account.
Disability
Only for determination of 3 degrees.
Incapacity for work
Must be longer than 30 days then the repayment including fees will be paid on account for a maximum of 12 months.
Loss of employment
Does not apply to loss of employment arising from termination of employment at will or during the probationary period, or where the termination date was known to the employee prior to agreement. Does not apply for redundancy, job abolition or health reasons of more than 30 days.
Fees
| Fees | Directly in the bank | With hyponamiru |
| Mortgage processing | Free | Free |
| Express pumping | 2 000 CZK | Free |
| Variability of instalments | 3 000 CZK | Free |
| Bridge financing | 3 000 CZK | Free |
| Accelerated construction | 3 000 CZK | Free |
| First drawdown | Free | Free |
| Second and further drawdowns | 500 CZK | Free |
Express drawdown
Drawdown as early as the next day for a pledge deposited at the Land Registry.
Variability of instalments
Possibility of reducing or increasing repayments by 30%, interruption of repayments for up to 3 months.
Bridge financing
In case you are selling a property and counting on the funds from the sale.
Accelerated construction
Possibility of drawing CZK 500,000 above the current value of the property.
