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Personal Finance
Offset Mortgage
The savings credit helps you save on interest. The more you put into your savings account, the less you pay for your mortgage.
Save on interest
The more you put in your savings account, the less you pay for your mortgage.
You can withdraw your savings at any time
The money in the savings account is always available.
You don't have to pay any interest
If the amount in the savings account matches the mortgage balance, you pay no interest.
Tip
If you have a Classic Mortgage, you can switch to an Offset Mortgage as of the new fixing period. Just let us know when you decide on the interest rate for the next period.
Product information
The Offset mortgage helps save on interest.
- The more you deposit into your savings account, the lower your monthly mortgage payment will be.
- Savings in your savings account are always available, and you can withdraw them at any time.
- There is no limit on the amount of savings. When you have the same amount or more in your savings account as the mortgage balance, you will not pay any interest.
How the Offset mortgage works - example
The current mortgage loan balance is 2,000,000 CZK. When you have 400,000 CZK in your savings account, we will calculate interest on the mortgage only from the amount of 1,600,000 CZK.
We will set up an offset savings account for your mortgage with zero interest, where you can transfer your savings. Monthly interest on the mortgage will be regularly charged only on the difference between the outstanding principal of the loan and the balance of the savings account. Funds in the savings account are effectively earning the same rate that you would pay on the mortgage loan.