Hypotéka na bydlení

Raiffeisenbank Housing Mortgage (Hypotéka na bydlení)

The Housing Mortgage is a standard purpose-tied loan for buying, building, or renovating a property, offered by Raiffeisenbank with financing of up to 90% of the pledged property's value. According to the bank's own website, the loan can also be used to settle co-ownership shares, refinance previously paid amounts, or buy a share in a housing cooperative. It suits both first-time home buyers and those handling a renovation, an extension, or refinancing an existing mortgage from another bank. On top of that, up to 30% of the borrowed amount can be drawn without a stated purpose, giving some flexibility for furnishing a home, unrelated renovation work, or other moving-related costs.

Up to four co-applicants can apply jointly — this typically suits couples buying a property together with parents or siblings, where combining several applicants' creditworthiness makes it easier to get approved for a higher amount.

Interest Rate and APRC

In the bank's currently available representative example, the nominal interest rate is 4.29% p.a., while the APRC (annual percentage rate of charge, which folds in the fees tied to the loan) is 5.5%. The gap between the two figures is not negligible — the APRC is always higher because it includes the one-off fees for arranging the loan described below, and it is the APRC, not the bare nominal rate, that is the more meaningful figure for comparing offers between banks.

The rate can be fixed for 1 to 7 years, or alternatively for 10 or 15 years. A shorter fixation period typically comes with a lower rate but carries the risk that the rate will reset higher once it ends, depending on market conditions at that time. A longer fixation period gives certainty over the instalment for a longer stretch, usually at the cost of a somewhat higher starting rate. According to the bank's website, the quoted rate is guaranteed for 30 days from issuance, giving borrowers time to compare offers without worrying that terms will change in the meantime. The website does not publish an exact rate for a specific applicant's situation (loan amount, LTV, creditworthiness, chosen fixation period) without using the mortgage calculator — the published figures therefore come from a representative example, not a price list that automatically applies to every client.

Total Cost

Based on the representative example (data source: Ušetřeno.cz, as of 28 July 2025), the figures for a loan of CZK 2,000,000 over 20 years (241 instalments) with a three-year rate fixation look like this:

• monthly instalment: CZK 12,428
• total repaid over the life of the loan: CZK 3,275,398
• nominal rate 4.29% p.a., APRC 5.5%

On top of that, borrowers should factor in one-off fees: CZK 4,900 for application assessment, CZK 5,900 for the property valuation, CZK 1,900 for the first drawdown, and CZK 800 for each further drawdown — relevant typically for loans drawn in stages, for example during construction or a phased renovation. Together, these one-off fees easily exceed CZK 10,000, even though they're not visible at first glance in the nominal rate.

It is worth stressing that this is a representative example under specific input parameters (loan amount, term, fixation period). For a different combination of parameters, a different applicant's creditworthiness, or a different collateral value, the final rate and APRC may differ — this is not a guarantee of identical terms for every client, only a sample calculation under the legally mandated methodology.

Based on the available data, the bank does not state that this loan is entirely free of a monthly fee — so expect some form of fee for servicing the loan or a related account, though our data does not specify the exact amount.

Requirements

Loan amounts range from CZK 2,000,000 to CZK 20,000,000, with a repayment term of 5 to 30 years. The bank can finance the pledged property up to 90% of its value — meaning the borrower's own resources (cash, another property, building-savings funds) should cover at least the remaining 10%, or more if the bank assesses a lower LTV as safer for a particular applicant.

Accepted purposes include buying, building, or renovating a property, settling co-ownership shares, refinancing previously paid amounts, and buying a share in a housing cooperative — a broader scope of purposes than just a straightforward flat or house purchase.

Add-on Products for a Lower Rate

According to the bank's website, no mandatory add-on products are required to get the base rate. The bank does, however, offer optional rate discounts — including a green mortgage discount for financing energy-efficient housing, and the option to combine the mortgage with a savings account whose balance can be offset against the loan to effectively reduce the interest paid. These are worth considering if the applicant qualifies, but they are neither a condition for getting the loan itself nor for reaching the rate shown in the representative example above.

Summary

Raiffeisenbank's Housing Mortgage offers a solid combination of high LTV (up to 90%), flexible fixation choices from one to fifteen years, and the option to bring in up to four co-applicants — making it a reasonable choice for a wide range of situations, from a straightforward purchase through renovation to refinancing an older mortgage. The key number to focus on when deciding should always be the APRC, not just the nominal rate — in the bank's representative example it is 5.5%, and it includes the application assessment and property valuation fees that are otherwise easy to overlook. Before deciding, we recommend using the bank's calculator to get a current quote for your specific situation — the figures in this text come from a representative example based on an older data source (July 2025), and the current offer may differ from them.