Raiffeisen Bank Mortgage in Czechia: Review, Benefits, Experiences, Conditions, Calculator

Financial Copywriter

Alex is a finance and marketing expert with a strong background in digital content creation. With years of experience in the banking and mortgage industry, he...

Follow:

- Financial Copywriter

Last updated: March 13, 2025

8 Min Read

Hodnocení

Calculate

Are you looking for a reliable mortgage with favorable terms and flexible repayment options? Raiffeisen Bank in Czechia offers a wide range of mortgage loans for financing housing, renovation, or refinancing an existing mortgage. In this article, we’ll take a closer look at Raiffeisen Bank’s current mortgage offer, share client experiences, highlight advantages and potential disadvantages, and explain the conditions you need to meet to get a mortgage. You’ll also find out how the mortgage calculator works and what to watch out for when making your decision. If you’re considering a mortgage from Raiffeisen Bank, here you’ll find all the essential information clearly in one place.

Contents

Raiffeisen Bank Experiences and Reviews Raiffeisen Bank Mortgage Conditions Raiffeisen Bank Mortgage Calculator Mortgage Refinancing with Raiffeisen Bank Raiffeisen Bank Mortgage Interest Rates Raiffeisen Bank Fees for Mortgages and Refinancing Extra Repayments and Early Repayment

Raiffeisen Bank Experiences and Reviews

Raiffeisen Bank is an established institution that has been offering stable and advantageous mortgage products for a long time. In reviews, clients often praise the personalized approach, quick and professional communication, and the ability to tailor the mortgage to their individual needs. A major benefit is the flexibility in repayment—such as the option for free extra repayments during the fixed rate period or early repayment of the entire mortgage without penalties after the fixation ends.

Additionally, Raiffeisen Bank offers discounted interest rates when you take out payment protection insurance or actively use their current account. Clients also appreciate the ease of arranging a preliminary offer online.

On the downside, some reviews mention stricter creditworthiness assessments, especially for entrepreneurs and self-employed individuals, and longer waiting times for loan approval.

“We took out a mortgage with Raiffeisen Bank for a family house just outside Prague. The whole process was relatively fast, and we appreciated the advisor’s approach—he explained everything in detail and helped us set the conditions according to our possibilities. We were able to make an extra repayment after just one year without fees, which was a nice advantage. We have a 5-year fixed interest rate with a favorable rate thanks to our active account.” — Lucie R., Prague-East

“We refinanced an older mortgage, and Raiffeisen Bank offered us a better interest rate and lower monthly payments. The process went smoothly, although we had to provide a few extra documents due to our business activities. But it was worth it—we now have a 0.4% lower interest rate and can make extra repayments without limitations.” — Martin K., Zlín

“I’m self-employed and was worried I wouldn’t qualify for a mortgage, but Raiffeisen Bank was willing to consider my individual income and proposed a solution that worked for me. I arranged the mortgage within a few weeks and I like that I can easily monitor everything online. Plus, we got a bonus interest discount thanks to the payment protection insurance.” — Petr V., Liberec

Raiffeisen Bank Mortgage Conditions

You can arrange a mortgage with Raiffeisen Bank for up to 90% of the property’s value (LTV), which is ideal for clients who don’t have a large amount of their own funds. The standard mortgage repayment period is up to 30 years, and the minimum loan amount usually starts at CZK 300,000. One advantage is the possibility to combine a purpose-specific and non-purpose part of the mortgage—for example, using part of the funds to buy a property and part for furnishing your home.

Raiffeisen Bank offers several income verification options, although the process is usually more demanding for entrepreneurs and self-employed individuals. Clients appreciate the option of making extra repayments of up to 20% annually during the fixed rate period for free. Early repayment of the entire mortgage is possible without penalties after the fixation period ends. Fixed interest rates are available for 1, 3, 5, 7, or 10 years, with longer fixation offering more stability.

Raiffeisen Bank Mortgage Calculator

Do you want to calculate your mortgage repayments with Raiffeisen Bank? Try the mortgage calculator directly on the bank’s website or consult an advisor. The calculator allows you to find out the approximate monthly installment based on the loan amount, property value, and repayment period.

However, keep in mind that the final offer will depend on your creditworthiness, credit history, and other individual factors. For a more accurate calculation, we recommend contacting a mortgage specialist who can offer you a solution tailored to your situation.

Mortgage Refinancing with Raiffeisen Bank

If you’re looking for a way to get a better interest rate or improved repayment terms, Raiffeisen Bank offers mortgage refinancing, including the possibility of increasing the loan amount. Refinancing can be arranged up to 24 months before the end of the fixation period with your current bank, giving you time to handle everything comfortably.

One major benefit is the ability to combine purpose-specific and non-purpose loans, allowing you to use part of the funds for renovations or paying off other debts. Additionally, for refinancing, Raiffeisen Bank may accept the original property valuation (if not older than 5 years), speeding up the entire process.

Raiffeisen Bank Mortgage Interest Rates

The current interest rates on Raiffeisen Bank mortgages start at 5.79% per year for a 3- or 5-year fixed rate. More favorable rates can be obtained when you arrange payment protection insurance or actively use Raiffeisen Bank’s current account, which can reduce the rate by up to 0.3%.

Fixation periods are available for 1, 3, 5, 7, or 10 years. Longer fixation periods are typically associated with higher rates, but they also ensure stable repayments throughout the fixation period.

Raiffeisen Bank Fees for Mortgages and Refinancing

Raiffeisen Bank has clearly defined fees associated with mortgage loans:

Loan processing: Free of charge
Property valuation: From CZK 4,000 (varies depending on the type of property)
Extra repayments: Free of charge up to 20% annually during the fixed rate period
Early repayment: Free after the fixation period; outside fixation, according to legal regulations
Loan account maintenance: Free of charge

For refinancing, standard fees are usually waived and the bank often offers individual discounts.

Extra Repayments and Early Repayment

Raiffeisen Bank allows clients to make extra repayments of up to 20% of the loan principal per year free of charge during the fixation period. This allows you to significantly shorten the repayment period or reduce the total loan cost.

Early repayment of the mortgage is possible at any time, though outside the fixation period the bank may charge a fee in accordance with legal regulations.

Hodnocení

Good Stuff Option for the first loan drawdown for construction up to 120% of the land value. You can get your mortgage pre-approved even if you haven’t chosen a specific property yet. By including your saved funds, you can reduce your regular monthly payments. You only need to provide a minimum number of documents required for mortgage approval. You don’t have to draw down up to 50% of the total approved loan amount, and there are no fees for doing so. Income from a contract for work (DPP) can also be included in your assessed income. There are no fees for arranging the mortgage or for preparing the contractual documentation. You have the option to fix your interest rate for up to 15 years, ensuring stable repayments. Extra fast mortgage application assessment and processing. If you are building a house on your own, we’ll transfer the money directly to your account without the need to submit invoices. You don’t need to prove your own funds—you can invest in the construction according to your own decisions and pace. Minor records in debtor registers may not prevent you from obtaining a mortgage. The repayment period can be set based on the age of the younger applicant. We’ll provide a free online property valuation for your apartment. You can also get an additional loan of up to CZK 1,000,000 for furnishing your home. Mortgage approval without the need to have a property selected immediately—you have up to 12 months to find one.

Bad Stuff It places higher requirements on the applicant’s creditworthiness. The minimum monthly income must be at least CZK 15,000 for an individual, or at least CZK 25,000 for two applicants combined. To receive a 1% p.a. discount on the interest rate, you need to open a current account and ensure a monthly turnover of at least CZK 15,000. If you extend the loan drawdown period, the bank charges a fee of 1.5% p.a. on the undrawn portion of the loan limit. This loan cannot be supplemented with financing from a building savings scheme or combined with another loan.

Summary

Raiffeisenbank offers a range of benefits that will appeal to clients in Czechia, whether they are interested in a standard mortgage or planning construction or renovation. If you arrange a mortgage, you can take advantage of an interest rate fixation for up to 15 years, providing the certainty of stable repayments over a long period. With a mortgage that takes your savings into account, your repayments can be reduced because the balance on your current account is considered. A major advantage in Czechia is the possibility of securing a mortgage even before choosing a property—you have up to 12 months to decide where you will invest. When it comes to construction, you don’t need to submit any invoices to the bank, and the funds are made available directly to your account. It’s even possible to draw up to 120% of the land’s value at the first disbursement. For those building their homes on their own in Czechia, there is no need to prove your own funds—you can invest gradually at your own pace and discretion. If you need money to furnish your home, you have the option to receive an additional loan amount of up to CZK 1,000,000. Another benefit is that there are no fees for processing the application or preparing the contractual documentation. The entire process is also very fast and administratively simple—you only need to submit a minimal number of documents, which makes the approval process easier. If your income comes from a contract for work (DPP), Raiffeisenbank in Czechia can include it in the creditworthiness assessment. For clients seeking flexibility, the bank allows you to leave up to 50% of the approved loan limit undrawn, free of charge. And even if you have a minor record in the debtor register, it doesn’t necessarily prevent you from obtaining a mortgage. One more advantage—online valuation of apartment units in Czechia is free of charge, so you don’t have to worry about additional costs at the initial stage of arranging your loan.

Calculate

Share This Article

ByAlex Gura

Financial Copywriter

Follow:

Alex is a finance and marketing expert with a strong background in digital content creation. With years of experience in the banking and mortgage industry, he specializes in simplifying complex financial topics for everyday readers. His goal is to provide clear, actionable insights on mortgages, refinancing, interest rates, and smart financial planning.