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Czechs are fixing low interest rates for mortgage loans, UniCredit introduces favourable seven-year fixation from 1.99 %

For some time now, low interest rates and favourable prices of properties have been the reality of the Czech mortgage market. Czechs want to secure the low mortgage instalments for the longest possible time, therefore they are increasingly choosing the longer fixation of interest rates. In reaction to this trend, since the beginning of January, UniCredit Bank offers its client a novelty in its portfolio, seven-year fixation of interest rate with favourable interest from 1.99 % p.a.

Last autumn, UniCredit Bank introduced a favourable mortgage concept “all in one” for the requested mortgages. The rates for 3 and 5-year fixed mortgages continue to drop and from January, clients may purchase them at the unmatched interest rate from 1.69 % p. a.

“Currently, the 5-year fixed mortgages are the most popular types among our clients; they are requested by as many as three quarters of new prospects. We respond to the demand of our clients and we have decided to enable them to secure the current interesting mortgage payment for a period even longer than five years, and what is more, under very favourable conditions. Therefore, we included an innovation into our offer from January, in form of 7-year fixed interest rate for mortgage loans,” says Dalibor Mička, Household Financing Director at UniCredit Bank.

Seven-year fixed rates are available in the UniCredit Bank’s offer from this January. For mortgages up to 85 % of property collateral value, the Bank offers these mortgages with very favourable interest rate from 1.99 % p.a., the same as for two-year fixation. The offer of seven-year fixed rates applies for purchasing new housing as well as for refinancing of existing mortgage loans.

UniCredit Bank is currently the fourth largest bank in the country providing a wide range of mortgage loans via its experts in the entire branch network of UniCredit Bank and UniCredit Bank Expres, including the distribution network of its partners. Clients can also arrange refinancing of their mortgage through the up-to-date banking e-shop, directly from the comfort of their home.