Raiffeisenbank has been active on the Czech market since 1993 and is therefore one of the oldest banks in the country. Measured by total assets, it is the fifth largest bank in the Czech Republic. Raiffeisenbank provides retail and corporate clients with a wide range of financial products and services. People can open a personal account, arrange a mortgage, a consumer loan, open a savings account or choose an investment product at one of the bank’s branches. In addition to the bank, the Raiffeisen Group also includes one of the first domestic building societies, Raiffeisen stavební spořitelna. You can arrange a mortgage from Raiffeisenbank online at hyponamiru.cz.
Advantages of a mortgage from Raiffeisenbank
- Free mortgage management.
- Free mortgage processing for all purposes.
- If the conditions are met, it can take into account the age of the younger of the applicants, and may be a suitable bank if the applicants are, for example, children and parents (i.e. clients with a higher age difference).
- Construction without any demonstration of own resources, which the client invests in the construction on an ongoing basis at its discretion
- For construction, 1st drawdown up to 120% of the land value is possible.
- For all types of mortgages, it is possible to undraw up to 50% of the approved credit limit free of charge.
- Offset mortgage which can offset the savings in the client’s current account against the interest on the mortgage. When the mortgage loan is repaid, the average daily balance of the savings account is deducted from the outstanding principal of the mortgage loan and the client pays interest only on the difference. This results in a lower repayment paid by the client. If the amount in the savings account is equal to the amount of the mortgage, the monthly interest is zero; the client pays only the principal.
- A reverse mortgage, where the client first approves the funds to buy the property and then searches for a property to buy, the time frame for the search is one year. Secured financing will make it easier for the client to deal with the real estate agent and the seller.
- A mortgage overdraft is the opening of a mortgage overdraft which the client can use for 1 year to 10 years. The client pays monthly interest on the drawn limit. At the end of the drawdown period, the loan is converted to a conventional repayment in the form of annuity payments This money can be used for both purpose and non-purpose.
- In the case of entrepreneurs, the bank revises the lump-sum expenses to a lower one, so it can credit the client with a higher income.
- Free online valuation of housing units.
- Additional part of the loan up to 1 000 000 CZK for equipment.
- Simplified proof of income for employees and entrepreneurs.
- Pre-mortgage loan for prefabricated houses and wooden buildings.
Raiffeisenbank mortgage discounts
0,2 % – discount for property insurance from insurance company
Terms and conditions of Raiffeisenbank accounts
- All accounts are subject to a turnover of CZK 15,000 per month and a minimum of 3 payment transactions of any kind (in the case of a mortgage, the mortgage payment is not included in the payments).
- A savings account is also automatically linked to the accounts, from which money can be withdrawn at any time or transferred to a current account without notice.
- Interest on savings accounts is according to the bank’s current offer.
Account SMART:
- Free account management if you meet the turnover condition of CZK 15,000 per month + 3 payment operations.
- Free withdrawals from all ATMs in the Czech Republic.
- Internet banking, mobile banking, mobile payment is also supported.
Account KOMPLET:
- Account management for the price of 129 CZK per month.
- The account maintenance fee can be waived in exchange for ancillary services such as referrals of two new clients (accounts for children), opening credit cards, etc.
- Free withdrawals worldwide.
- The possibility of maintaining the account in up to 9 different currencies, whereby the client can transfer their funds from one currency to another within the account.
- 2 payment cards for the account – gold embossed, classic card.
- One free euro transaction included in the account maintenance fee.
Account PREMIUM
Premium account for clients with monthly income over CZK 50,000 per month.
Types of insurance and their scope
The bank cooperates with Uniqa pojišt’ovna a. s.
Death insurance
The insurance company will reimburse the bank for the outstanding amount of the loan at the date of the insured’s death.
Third degree disability insurance
The insurance company will reimburse the bank for the outstanding portion of the loan on the date the client is declared permanently disabled.
Involuntary loss of employment insurance
- The insurance company will reimburse the bank for up to 12 loan payments on behalf of the client.
- The involuntary loss of employment must be continuous for at least 30 days.
Incapacity for work insurance
- The insurance company will reimburse the bank for up to 12 loan payments on behalf of the client.
- The incapacity for work must last for at least 30 days continuously.
Raiffeisenbank fees for mortgage services
| Fees | Directly in the bank | With hyponamiru.cz |
| Mortgage processing | Free | Free |
| Express pumping | 1 500 CZK | Free |
| First drawdown | Free | Free |
| Second and further drawdowns | 500 CZK | Free |
Express drawdown – drawdown on the second day after the pledge agreement is filed with the relevant land registry
