The Best Loans in the Czech Republic

Compare the best options on the market and choose the one which best adapts to your day to day needs.

Further Below: Our Guide To Loans in The Czech Republic, Everything you need to know.


  • Offers both short and long term loans
  • Provides loans to foreigners
  • Provides big loans of up to CZK 100,000
  • Has affordable interest rates of 7.69% p.a
  • Has excellent financing conditions
  • Has fewer commissions
  • Offers long repayment periods of up to 120 months
  • Available to applicants with stable income
  • Provides both secured and unsecured loans

2. Česka Sporitelna 

  • Loans available to 18-year-olds
  • Provides loans of up to CZK 80,000
  • Has attractive interest rates of 5.42% p.a
  • Eligible only to clients with stable income
  • The conditions improve with timely reimbursements of the loan
  • Loans available for a variety of purposes
  • Offers loans to foreigners
  • Facilitates online application

3. Komercni Banka AS

  • Top financing conditions
  • Offers loans at fixed rates
  • Big loans of up to CZK 60,000
  • Has friendly interest rates of 8.34% p.a
  • Provides a variety of consumer loans
  • Has online loan application and banking
  • Eligible to clients with income only
  • Financing conditions improve with timely repayments 

What Is a Loan?

A loan is a financial arrangement where a lender provides a specific amount of money to a borrower, who agrees to repay it over time with interest. 

Loans serve various purposes, such as funding education, buying a home, or covering unexpected expenses. In the Czech Republic, loans are commonly referred to as “úvěr” or “půjčka.”

What are the Different Types of Loans in the Czech Republic?

In the Czech Republic, you’ll encounter several types of loans, each tailored to different financial needs:

  • Personal Loan (Osobní úvěr): Personal loans are versatile and can be used for various purposes, from debt consolidation to funding a dream vacation. 
    These loans typically come with stable interest rates and fixed repayment terms, simplifying the budgeting process for monthly payments.
  • Mortgage Loan (Hypoteční úvěr): If you’re looking to purchase real estate, such as a home or an apartment, a mortgage loan is your go-to option. 
    These loans have long tenures, often spanning decades, and offer competitive interest rates. The property serves as collateral for the loan, reducing the lender’s risk.
  • Consumer Credit (Spotřebitelský úvěr): Consumer credits are short-term loans intended for smaller expenses. 
    They’re often used for home appliances, electronics, or furniture purchases. Interest rates on consumer credits can vary, so it’s important to compare offers to find the most favorable terms.
  • Car Loan (Půjčka na auto): Car loans are designed to finance your purchase if you’re in the market for a new or used vehicle. 
    These loans may have specific conditions, such as requiring the vehicle as collateral. Interest rates can vary based on your creditworthiness and the loan term.
  • Business Loan (Podnikatelský úvěr): Entrepreneurs and businesses can access business loans to fund their operations, expansion, or working capital needs. 
    These loans come in various forms, including term loans, lines of credit, and equipment financing, each tailored to specific business requirements.
  • Student Loan (Studentský úvěr): While not as common as in some other countries, student loans are available in the Czech Republic to support higher education expenses. 
    These loans often have favorable interest rates and flexible repayment terms to ease the financial burden on students.
  • Overdraft Facility (Přečerpání účtu): An overdraft facility is a short-term loan tied to your checking or current account. It allows you to withdraw more money than you have in your account, up to a predetermined limit. 
    Overdrafts are convenient for covering unexpected expenses but can be costly if not managed responsibly due to higher interest rates.
  • Debt Consolidation Loan (Úvěr na konsolidaci dluhů): If you have multiple debts with varying interest rates, a debt consolidation loan can help streamline your finances. 
    This type of loan allows you to combine your debts into a single loan with a fixed interest rate, making it easier to manage and potentially reducing your overall interest payments.

When should I or should not get a Loan?

SituationsWhen should I get a LoanWhen Should I not get a Loan
Emergency medical expenses       ✅ When it’s necessary to cover urgent medical bills or life-saving treatments.❌ If it’s for non-essential, discretionary medical procedures or cosmetic surgery.
Home purchase        ✅ When you have a stable income, a down payment, and a realistic budget for mortgage payments.❌ If you cannot afford the mortgage payments or have uncertain future income.
Education✅ When it leads to higher earning potential, career advancement, or is essential for your chosen profession.❌ For unnecessary courses or degrees without clear career benefits or job prospects.
Luxury purchases✅ For significant milestones like a wedding or special celebration when it aligns with your budget.❌ For frivolous items that don’t enhance your life or have long-term value.
Debt consolidation ✅ When it helps you combine multiple high-interest debts into a single, lower-interest loan, simplifying repayment.❌ If you plan to accumulate more debt after consolidating, exacerbating your financial situation.
Business investment              ✅ To fund a well-researched business opportunity or expansion that offers a strong return on investment.❌ If the business venture lacks a solid plan, market research, or potential for profitability.
Vacation or travel ✅ For a well-deserved vacation if you can comfortably afford it within your budget.❌ If it leads to excessive debt, compromising your financial stability.
Home improvements  ✅ When renovations add value to your property and align with your long-term housing plans.❌ For purely cosmetic or unnecessary upgrades that won’t provide a return on investment.
Car purchase ✅ When you need reliable transportation for work or daily life and have considered the ongoing costs❌ For luxury vehicles or when public transportation or car-sharing services are viable options.
Investment ✅ To seize investment opportunities with a clear strategy, potential returns, and risk assessment.❌ If you don’t have a well-thought-out investment plan or are using loans to speculate in a volatile market.
Medical insurance or emergencies  ✅ To cover health insurance premiums or unforeseen medical emergencies that insurance doesn’t fully cover.❌ For routine medical expenses that can be managed within your budget or when insurance provides adequate coverage.

What to look out for when picking a loan in the Czech Republic?

Here are several key factors to consider when picking a loan in the Czech Republic:

  • Interest Rates: Interest rates can significantly affect the overall cost of your loan. In the Czech Republic, interest rates can be either fixed or variable. 
    Carefully assess which option aligns with your financial stability and risk tolerance.
  • APR (Annual Percentage Rate): The APR represents the total cost of the loan, including interest and any additional fees. 
    Comparing APRs from different lenders can help you understand the true cost of each loan option. Keep in mind that lower APRs are generally more favorable.
  • Fees and Charges: Be aware of any additional fees associated with the loan, such as origination fees, application fees, or early repayment fees. These fees can significantly impact the overall cost of the loan.
  • Loan Term: The loan term determines how long you’ll be making repayments. Choose a loan term that aligns with your financial goals and ability to make payments.
  • Repayment Schedule: Understand the loan’s repayment schedule, including the frequency and method of payments. Some loans require monthly payments, while others may have different arrangements. Choose a schedule that fits your budget and income cycle.
  • Collateral: Depending on the type of loan, you may need to provide collateral, such as your home or car. Understand the implications of using assets as collateral and the potential consequences if you default on the loan.
  • Creditworthiness: Your credit history and credit score play a crucial role in loan approval and the interest rate you receive. 
    Maintaining a good credit history by paying bills on time and managing existing debts can help you secure more favorable loan terms.
  • Debt-to-Income (DTI) Ratio: Calculate your DTI ratio to ensure you can comfortably manage loan repayments. 
    A DTI ratio of no more than 45% in the Czech Republic is often recommended. This means that your total monthly debt payments should not exceed 45% of your monthly income.

How to qualify for a loan in the Czech Republic?

Here’s an in-depth look at how to qualify for a loan in the Czech Republic, including the role of the Czech Credit Bureau (CRIF):

  • Credit Score and History: Your credit score and credit history are pivotal in determining loan eligibility. In the Czech Republic, CRIF (Czech Credit Bureau) is the primary credit reporting agency that collects and maintains credit information on individuals. 
    A good credit history, which includes making payments on time and managing debts responsibly, can significantly improve your chances of loan approval.
  • Stable Income: Lenders in the Czech Republic typically require borrowers to have a stable source of income. 
    This income demonstrates your ability to repay the loan. Ensure that your income is verifiable and you can provide documentation such as pay stubs or employment contracts to support your application.
  • Residence Status: Being a resident or citizen of the Czech Republic can improve your loan eligibility. Non-residents may find it more challenging to secure loans, but it’s not impossible, especially if you have a stable income and a good credit history.
  • Age: You must be at least 18 years old to apply for a loan in the Czech Republic. Some lenders may have higher age requirements, so check with individual institutions for their specific policies.
  • Documents and Identification: Be prepared to provide identification documents such as your passport or ID card when applying for a loan. You may also need to submit proof of address, typically in the form of utility bills or rental agreements.
  • Loan Purpose: Lenders may inquire about the purpose of the loan. Ensure that your intended use aligns with the loan type you’re applying for (e.g., mortgage, personal loan). Providing a clear and reasonable explanation can strengthen your application.
  • Collateral (if applicable): Some loans, like mortgage loans, may require collateral, usually the property being financed. Ensure that the collateral meets the lender’s requirements and that you understand the implications of using assets as collateral.
  • Credit Application: Submitting a well-prepared loan application with accurate information and complete documentation is crucial. Incomplete or incorrect applications can result in delays or even loan rejections.

How can Fundgecko help you get The Best Loan in the Czech Republic?

Fundgecko can play a pivotal role in helping individuals secure the best loan tailored to their specific needs.

 We offer a platform to compare various loan options from different lenders and select the most appropriate one for your needs.

 Fundgecko generates personalized loan recommendations that align with your unique situation, ensuring you’re presented with the most relevant options.

Click here to get started with our Loanfinder!🔥

What documents should I have ready to present?

When applying for a loan in the Czech Republic, you will typically need the following documents:

  • Identification Documents: Your primary identification document, such as a valid passport or Czech ID card, is essential to verify your identity. 
  • Proof of Address: Lenders often require proof of your current address. This can be provided through utility bills (e.g., electricity, water, or gas), rental agreements, or a residence certificate. 
  • Proof of Income: To demonstrate your ability to repay the loan, you’ll need to provide proof of income. This can include:
    • Pay Stubs: Recent pay stubs showing your monthly income and deductions.
    • Employment Contract: A copy of your employment contract outlining your salary and employment terms.
    • Tax Returns: If you’re self-employed or have additional sources of income, your tax returns can serve as proof of your financial stability.
  • Bank Statements: Lenders may request your bank statements to assess your financial habits, including your regular expenses, savings, and other financial commitments. Typically, they will look at the last few months of statements.
  • Credit Report: While not always required, providing your credit report can demonstrate your credit history and score. The lender may obtain this directly from credit bureaus like CRIF, but having your copy can help clarify any discrepancies.
  • Loan Purpose Documentation: Depending on the purpose of the loan, you may need specific documents. For instance:
    • Property Documents: If you’re applying for a mortgage, you’ll need property-related documents, such as the property purchase agreement or land registry records.
    • Education Loan: Provide admission letters or invoices from the educational institution for educational loans. 
  • Employment Verification: Some lenders may contact your employer directly to verify your employment details, including your position, salary, and job stability. Ensure you have your employer’s contact information ready to provide when necessary.
  • Credit References: In some cases, lenders may request references from individuals who can vouch for your character and financial responsibility. 

How can I improve my chances of getting a Loan in the Czech Republic?

Here are some strategies to enhance your chances of loan approval in Czech Republic:

  • Maintain a Positive Credit History: The CRIF Czech Credit Bureau tracks your credit history, including how you manage existing debts. 
    To improve your creditworthiness, consistently make payments on time, including credit card bills, loans, and utility bills. Timely payments reflect positively on your credit report and score.
  • Reduce Outstanding Debt: High existing debt levels can be a red flag for lenders. Aim to pay down outstanding balances and avoid accumulating additional debt. Reducing your debt-to-income (DTI) ratio demonstrates financial responsibility.
  • Diversify Your Credit Mix: Having a mix of different types of credit, such as credit cards, installment loans, and mortgages, can positively influence your credit score. However, manage these responsibly and don’t overextend your credit.
  • Maintain Stable Employment: Lenders often consider your employment stability when assessing loan applications. Maintaining a steady job or a stable source of income can improve your eligibility for loans.
  • Keep Credit Inquiries to a Minimum: Each time you apply for credit, a hard inquiry is made on your credit report. 
    Excessive inquiries within a brief timeframe can raise red flags with lenders. It’s advisable to apply for credit selectively and only when it’s essential.
  • Demonstrate Responsible Financial Behavior: Aside from your credit history, lenders may also consider your overall financial behavior. 
    This includes managing your bank accounts responsibly, saving regularly, and avoiding overdrafts or bounced checks.

A step-by-step guide on how to get the Best Loan in the Czech Republic

Obtaining the best loan in the Czech Republic involves careful planning and research to secure favorable terms and conditions. Here’s a step-by-step guide to help you navigate the process in Czech Republic:

1. Assess Your Financial Situation: Begin by evaluating your financial needs and goals. Determine the amount you need to borrow, the purpose of the loan, and your ability to repay.

2. Check Your Credit Report: Obtain a copy of your credit report from CRIF or another credit bureau. Review it meticulously for accuracy and promptly rectify any errors or discrepancies you encounter.

3. Set a Realistic Budget: Create a budget that outlines your monthly income and expenses. Calculate how much you can comfortably allocate to loan repayments without straining your finances.

4. Research Loan Types: Understand the various loan types available in the Czech Republic, such as personal loans, mortgages, or consumer credits.

5. Compare Lenders: Research and compare loan offers from different lenders, including banks, credit unions, and online lenders. Look for competitive interest rates, low fees, and favorable terms.

6. Check Eligibility Criteria: Review each lender’s eligibility criteria to ensure you meet their requirements. Focus on lenders whose criteria align with your financial situation.

7. Gather Necessary Documentation: Prepare all required documentation, including identification, proof of income, and any specific documents related to the loan type you’re applying for.

8. Calculate the Total Cost: Use an online loan calculator or consult with lenders to estimate the total cost of the loan, including interest, fees, and any additional charges.

9. Apply for Preapproval: Consider applying for preapproval with one or more lenders. Preapproval provides insight into the loan amount you qualify for and can help you negotiate better terms.

10. Negotiate Terms: Don’t hesitate to negotiate with lenders. Discuss interest rates, loan terms, and fees to secure the most favorable terms possible.

11. Complete the Application: Submit a complete loan application with all required documentation to your chosen lender. Be prompt in providing any additional information they request.

12. Review and Sign the Loan Agreement: Once approved, carefully review the final loan agreement to ensure it matches the terms discussed. Sign the agreement only if you’re satisfied with the terms.

13. Receive Funds: The lender will disburse the loan amount to your designated account after signing. Ensure you use the funds for their intended purpose.

Loan cost calculation example for a Loan in the Czech Republic

Let’s calculate the loan cost for a hypothetical loan in the Czech Republic. For this example, let’s assume you’re taking out a personal loan with the following details:

  • Loan Amount: 100,000 CZK
  • Annual Interest Rate: 5%
  • Loan Term: 3 years (36 months)

To calculate the monthly Equated Monthly Installment (EMI) and the total loan cost, you can use the formula for calculating EMI:

  • EMI = [P x r x (1 + r)^n] / [(1 + r)^n – 1]


  • P = Loan Principal Amount (100,000 CZK)
  • r = Monthly Interest Rate (Annual Interest Rate / 12 months)
  • n = Loan Term in Months (3 years x 12 months = 36 months)

First, calculate the monthly interest rate:

  • r = (5% / 12) = 0.4167% per month

Next, calculate the EMI:

  • EMI = [100,000 CZK x 0.004167 x (1 + 0.004167)^36] / [(1 + 0.004167)^36 – 1]
  • EMI ≈ 3,015.31 CZK

So, your monthly EMI for this loan would be approximately 3,015.31 Czech Korunas.

To calculate the total cost of the loan over the 3-year term, you can simply multiply the EMI by the number of months:

  • Total Loan Cost = EMI x Loan Term
  • Total Loan Cost = 3,015.31 CZK x 36 months
  • Total Loan Cost ≈ 108,551.16 CZK

Therefore, the total cost of the loan over the 3-year term would be approximately 108,551.16 Czech Korunas, with a monthly EMI of approximately 3,015.31 CZK. 

Where to Get Loans in the Czech Republic?

In the Czech Republic, there are various sources where you can secure loans to meet your financial needs. Here’s an overview of where you can get loans in the Czech Republic:

Commercial Banks

Commercial banks are the most traditional and common source of loans in the Czech Republic. These institutions offer a wide range of loan products, including personal loans, mortgages, and business loans. 

Popular banks in the country include Česká spořitelna, Komerční banka, and ČSOB. You can visit local branches or apply for loans online through their websites.

Credit Unions

Credit unions, known as “Spořitelní a úvěrní družstva” in Czech, are cooperative financial institutions. They often provide personal loans, consumer credits, and mortgages. Credit unions may offer competitive rates and personalized service to their members.

Non-Bank Financial Institutions

Non-bank financial institutions and online lenders have gained popularity in recent years. These lenders often provide a variety of loan options, including personal loans, payday loans, and installment loans. 

Popular non-bank lenders in the Czech Republic include Zonky and Home Credit. Online lenders offer convenient application processes and quick loan approvals.

Financial Brokers

Some individuals or firms in the Czech Republic specialize in connecting borrowers with lenders. They can help you find loan options tailored to your needs and credit profile. However, be cautious when working with brokers to ensure they are reputable and licensed.

Peer-to-Peer (P2P) Lending

P2P lending platforms like Zonky and Bondster enable individuals to lend and borrow money directly from each other. Borrowers can create loan listings detailing their borrowing needs, and investors can choose to fund those loans.

Cooperative Savings and Credit Associations (Bausparkassen)

Bausparkassen are specialized institutions that primarily offer building society loans (Stavební spořitelny). 

These loans are often used for real estate purposes and come with specific savings requirements. The most well-known Bausparkasse in the Czech Republic is Česká spořitelna.

Online Comparison Platforms

Online platforms like allow you to compare loan offers from various lenders in one place. You can input your preferences and financial details to receive personalized loan options and choose the one that best suits your needs.

Microfinance Institutions

Microfinance institutions serve individuals and businesses with smaller loan requirements. They are often an option for those who may not qualify for loans from traditional banks. Examples include Microcredit and Fair Credit.


Don’t be discouraged in the intricate maze of the Czech Republic’s lending landscape. With the right knowledge and tools at your disposal, you can confidently navigate your way toward the perfect loan to fulfill your financial aspirations. 

Take a moment to reflect on your financial standing, delve into the diverse loan offerings, and let platforms like Fundgecko be your guiding light in this quest for the ideal loan fit.

Armed with these insights, you’re not just ready but poised to embark on your financial journey in the Czech Republic with gusto and certainty. So, seize the opportunity and make your financial dreams a reality!

Frequently Asked Questions

1. How does my credit score, as reported by CRIF, affect my loan eligibility in the Czech Republic?

Your credit score, as reported by CRIF (Czech Credit Bureau), plays a significant role in loan approval in the Czech Republic. 

Lenders rely on your credit score to gauge your creditworthiness. A higher CRIF score generally leads to more favorable loan terms, including lower interest rates. 

2. What is the typical loan term for personal loans in the Czech Republic?

Personal loan terms in the Czech Republic typically range from one to seven years. However, the exact term can vary among lenders and may depend on factors such as the loan amount and your creditworthiness.

3. Can I get a loan in the Czech Republic as a non-resident or expatriate?

Yes, obtaining a loan in the Czech Republic as a non-resident or expatriate is possible. However, eligibility criteria may vary, and you may need to provide additional documentation, such as proof of income and residence status.

4. Are there penalties for early loan repayment in the Czech Republic?

Many lenders in the Czech Republic allow early loan repayment without penalties. However, reviewing your loan agreement carefully is essential, as terms can differ between lenders. Always inquire about prepayment options before finalizing a loan.

5. What is the maximum debt-to-income (DTI) ratio recommended for loan approval?

In the Czech Republic, a common guideline is to have a DTI ratio of no more than 45%. 

This means that your total monthly debt payments, including the new loan, should not exceed 45% of your monthly income. Lenders use this ratio to assess your ability to manage additional debt responsibly.

Glossary for the Czech Republic loan terminology

Czech TermEnglish translation
Automatická platba účtůAutomatic bill payment
Bankovní účetBank account, bank details
Bezpečnostní zálohaSecurity Deposit
Čistý příjemNet income
Doba splatnosti úvěruTenure of the loan
Doba trvání pracovního poměruDuration of employment
Efektivní roční úroková sazbaEffective annual interest rate
Lombardní úvěr, záruky, zajištěníLombard loan, guarantees, collateral(asset that backs your loan)
Malá půjčkaSmall loan
Možnost ochrany platebOption on Payment protection
Nemocenská dovolená, Zdravotní postiženíSick leave, disability
Neplacení, opožděné platby, úroky z prodleníNon-payment, late payment, interest on arrears
Osobní dataPersonal data
Osobní půjčka, nezajištěná půjčkaPersonal Loan, unsecured loan
Pevná debetní sazbaFixed debit rate
Platba ve splátkáchPayment in installments
Počet dětí s nárokem na přídavky na dětiNumber of children entitled to child benefits
Podepsaná smlouvaSigned contract
Pojištění schopnosti splácetPayment protection insurance
Poplatek za přihláškuApplication fee: the fee charged by a lender to cover costs associated with processing the loan
Povinnost poskytnout důkazyObligation to provide evidence
Požadovaná půjčkaLoan desired
Přečerpání běžného účtuCurrent account overdraft
Profesionální dataProfessional Data
Profesionální vztahProfessional relationship
První splátka splatná dneFirst installment payable on
RučitelA guarantor is someone who promises to make sure you repay the loan completely. Lenders ask for guarantors when your credit history isn’t good enough. If this happens, the guarantor is legally responsible for paying back the loan
SolventnostSolvency, a credit score is an individual’s valuation and ability to repay a loan
Systém sociálního zabezpečeníSocial security system
Typ bydlištěResidence type
Úmrtí, nehoda, pracovní neschopnost, nezaměstnanost (čekací doba 3 měsíce (kromě úmrtí v důsledku úrazu))Death, accident, incapacity for work, unemployment (waiting period of 3 months (except death due to accident))
Úroková sazbaInterest rate
Úrokové sazby úvěrůLoan rates
Úvěrová agenturaCredit agency
Úvěrová historie, finanční situaceCredit history, financial standing
Úvěrová linkaLine of credit, official document that shows the rules for a personal loan
Variabilní úroková sazbaVariable interest rate
Všeobecné podmínkyGeneral terms and conditions
Výše půjčkyLoan amount
Žádost o půjčkuLoan request
Zajištěný úvěrSecured loan
Závazky třetích stran, které mají být splacenyThird-party obligations to be redeemed
Životnost/doba trvání úvěruLife/period of a loan
Změna splátkového kalendáře dluhuRescheduling of debt

About this page, our methodology

What this page is for: Our goal is to help you get the best financing for your needs. Therefore, here we explain you what credits with payday guarantee are, how you can compare them to know which one suits you and which offers are the most attractive right now.

Source: The information regarding the main characteristics of payday loans and their current regulation comes from Law 16/2011 on consumer credit contracts among other reference portals.

Methodology: The data relating to the conditions of these products (amount, term, interest, etc.) have been obtained through online research and consultation of the official statistics of the aforementioned reference sources.

About Fundgecko: We are an online comparison site specialized in personal finance and home economics products. Here you can, in addition to comparing the conditions of all offers, find quality information that will help you identify the payday loans that best suit your needs.

Note: The services we offer are totally free for the user, as Fundgecko obtains its income from advertising and its featured products.