Mortgage^TB for young people
for first housing

Arranging your mortgage for a house or apartment is individual according to the documents that need to be documented and the conditions that need to be met.
By default, however, the average length of mortgage process, i. e. from the evaluation model, documentation of all necessary documents, submission of the application, signing of the contracts to the drawdown of the loan itself takes approximately 2 weeks.

For the purpose of providing a mortgage, we accept income by default:

• employee - income for the last 12 months is assessed retrospectively, or for a shorter period, but at least for 6 months,
• employee abroad - only income from dependent activity and transferred to the account for at least 6 months,
• pensions - old-age, widow's, invalidity and retirement,
• natural person entrepreneur - at least one completed tax period,
• legal entity - minimum duration of business 24 months.

At Tatra banka, we can recalculate your loan offer at the first meeting. Thanks to the pre-calculated preliminary loan amount, you will find it easier to find the property that we will finance for you. You can apply for a mortgage as soon as you have selected a property.

A citizen of the European Union with income from the territory of the Slovak Republic can apply for a mortgage as standard.

The annual percentage rate of charge is the percentage of all costs associated with the loan. The calculation includes e.g. loan amount, loan fee, interest rate and other costs, such as premiums for real estate insurance, cadastral costs, real estate appraisal costs, etc.
In addition to the interest rate, the loan fee, the expert's fee for the expert opinion, the fee for the proposal to deposit the lien, the insurance premium for real estate insurance and other fees associated with the loan are also included here.

The interest rate is one of the values included in the calculation of the APR and represents a percentage of the price of a loan of money.
For example: The interest rate determines the amount of interest that is included in the monthly payment and represents an expense for the client. Interest, together with other costs, is converted into a percentage of the APR in order to compare the total cost of loans with different cost structures. For example, if you compare a loan with an interest rate of 1.35 % per annum and an APR of 2.10 % and a loan with an interest rate of 1.55 % per annum and an APR of 1.85 %, you will actually pay less on a loan that has an APR of 1.85 %. although at first sight it has a higher interest rate. In the first loan you pay less on interest, but other costs, e.g. for insurance, loan fees, etc., are so high that a second loan with an APR of 1.85 % is more advantageous, although it has a higher interest rate.

When building a family house, we can finance a loan for you from the acquisition of the land.

Subsequently, the construction of a family house can be financed in the form of a one-off (in the case of the establishment of another real estate) or gradual drawing on tranches, depending on how you proceed with the construction of the real estate. Always after performing a certain volume of work, we will refinance the resources used and you will draw funds for the construction from the mortgage on the house.

Detailed information will be provided by a mortgage specialist in the branch or on the DIALOG Live telephone line.

If the subject of the security is an apartment or a family house, it is necessary to take out real estate insurance (does not apply to land). Clients can take out real estate insurance through DIALOG Live or at a Tatra banka branch (thus saving time), or at an insurance company of their choice.

The mortgage offer is valid for 1 month from its recalculation during the consultation when Tatra banka will calculate the maximum loan amount for which you can qualify with your income and liabilities.

The basic documents that need to be provided to the bank are:

• proving the purpose of providing the loan (purchase contract, building permit, itemized budget for reconstruction, ...),
• proving the amount of income, which, after taking into account the expected monthly expenses, as well as other obligations of the applicant is sufficient to repay the loan (we can verify the amount of income directly at the bank, if the bank confirms it Social Insurance, otherwise it is necessary to provide proof of income) ,
• documents for real estate used to secure a loan (especially expert opinion, etc.),
• identification document of persons entering into a credit relationship.

If the property being mortgaged is an apartment, it is possible to request an expert appraisal directly from Tatra banka. We can provide an appraisal within 24 hours on business days. This appraisal is for the bank's internal needs only.

The client must ensure that an expert appraisal is prepared directly by an expert in the construction industry, the property value estimate sector, if:

• the property being mortgaged is a registered property and the purpose is to acquire this property,
• the property being mortgaged is a family house or building land.

In these cases, the bank does not provide an appraisal.

As a standard, we accept an expert opinion not older than 1 year, while in the case of a refinancing loan, we accept an expert opinion up to 7 years old.

You can find out the current balance on the mortgage online in the Tatra banka mobile application, in Internet banking^TB, in person at a Tatra banka branch or by phone via DIALOG Live.

You can find out the current interest rate on your mortgage online in the Tatra banka mobile application, in Internet banking^TB, in person at a Tatra banka branch or by phone via DIALOG Live.

You can request changes to the loan via DIALOG Live, at a Tatra banka branch, or the borrower can make selected changes directly in the Tatra banka mobile application or Internet banking^TB (these changes include: Change of fixation, Change of repayment date, and Change of repayment account).