At Tatra banka you can choose your own benefit with Mortgage Loan (Hypotéka TB )

| 08.02.2016

Tatra banka introduces a new approach to mortgage products. Loan applicants can now choose a benefit that suits them and as an extra bonus will get a 100 percent discount on the loan arrangement fee.

It is up to loan applicants which benefit they choose:
a)    first monthly instalment waiver* - for a more comfortable start of loan repayment,
b)    interest rate discount** of 0.2 percent - to decrease monthly instalments.

Let’s look at situations when it is important to make the right choice:

Illustrative examples

1. Mortgage Loan (Hypotéka^TB):
loan amount € 50,000, repayment period 25 years, three-year fixed rate, 2.25 percent interest rate, 2.05 percent discounted interest rate, non-discounted monthly instalment € 218.07
a)    saving with a monthly instalment waiver = € 218.07,
b)    saving with reduced interest during the fixed-rate period = € 177.08.
The difference is € 40.98 in favor of the instalment waiver.

2. Mortgage Loan (Hypotéka^TB):
loan amount € 50,000, repayment period 30 years, five-year fixed rate, 2.25 percent interest rate, 2.05 percent discounted interest rate, non-discounted monthly instalment € 191.12
a)    saving with a monthly instalment waiver = € 191.12,
b)    saving with reduced interest during the fixed-rate period = € 303.64
The difference is € 112.52 in favor of interest rate discount.

In addition, every loan applicant gets a 100 percent discount on the loan arrangement fee.

Tatra banka also offers many other benefits with the Mortgage Loan:

• favorable insurance of property and loan with UNIQA insurance company,
• option to get a Tatra banka credit card free of charge for 12 months,
• option to draw an any purpose loan with a reduced interest rate together with a mortgage, for example to buy new household equipment,
• property assessment through Tatra banka within 24 hours.

Contact:

Zuzana Povodová
Spokesperson
zuzana_povodova@tatrabanka.sk
02/5919 1557
0903 641 846

*First installment waivery
The benefit applies to Mortgage Loan (Hypotéka^TB), Home Equity Loan (Americká hypotéka^TB) and loans drawn to repay previous loans. The benefit does not apply to a mortgage loan with the state bonus for the young and gradual drawdown loans. Borrowers lose their right to the benefit upon early repayment of the loan or a part of it within three years of being granted the loan, or when changing loan repayment period agreed when making the contract.

**Interest rate discount
The benefit applies to Mortgage Loan (Hypotéka^TB), Home Equity Loan (Americká hypotékaTB) and gradual drawdown loans. The benefit does not apply to a mortgage loan with the state bonus for the young.

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