Non-residents

Foreigners, resident or not, can get personal consumer loan and also legally buy real estate property in the Czech Republic. There is general overview of elementary bank conditions how to get mortgage loan. It is alowed to finance real estate property for own housing or also as an rental investment, we focus on both scenarios.  The best way how to apply for credit is to use one of the top traditional international bank however some small czech bank can offer individual benefits.

EU non-residents
As non-residents banks consider clients without permanent residence in the Czech and at the same time with different nationality from the Czech Republic.

1. Maximal 80% Loan To Value (LTV)
2. Minamal 20% own savings
3. Debt Service To Income (DSTI):  max. 45%
4. Debt To Income: max. 9x
5. Temporary or permanent residnece in CZ at least 3 years
6. Incomes – employement contract from Czech with indefinite duration
7. Assured by a notarial deed of recognition of debt with permission to enforce

The granting of mortgage loan to non-residents is only possible if the following conditions are met:
– provable income in the Czech Republic,
– co-applicant is a husband/wife who has income in the Czech Republic.

“EU non-resident” refers to a person who is a citizen of a country outside of the European Union (EU) and who does not reside within the EU. This could include person who are temporarily living in an EU country for work, study, or travel purposes, but who do not have legal residency status in the EU.

EU non-residents may face different legal and administrative requirements than EU citizens or legal residents, such as visa requirements, tax obligations, and access to social services. However, the specifics of these requirements can vary depending on the individual’s country of origin, the country they are visiting or residing in, and the purpose and duration of their stay.

“Temporary residence” refers to a legal status that allows a person to live in a country for a limited period of time, typically for a specific purpose such as work, study, or travel. Temporary residence is usually granted through a visa or a permit issued by the host country’s government (Odbor azylové a migrační politiky).

Temporary residence status typically comes with certain restrictions, such as limits on the duration of the stay, restrictions on employment or education, and requirements to report to the authorities periodically. In some cases, temporary residents may be able to apply for permanent residence or citizenship after meeting certain requirements, such as a certain period of time living in the country, passing language or citizenship tests, or demonstrating good character.

“Permanent residence” refers to a legal status that allows a person to live and work in a country for an indefinite period of time. Permanent residents are typically issued a permanent residence permit, which may also be known as a permanent resident card.

Permanent residents typically enjoy many of the same rights and privileges as citizens, such as access to social services, education, and employment opportunities. However, they may be subject to certain restrictions, such as limits on voting rights, eligibility for certain government benefits, or the ability to hold certain jobs that require security clearances.

In some cases, permanent residents may be able to apply for citizenship after meeting certain requirements, such as a certain period of time living in the country, passing language or citizenship tests, or demonstrating good character.

As “expat” are considered all expatriate persons who lives outside their native country. An “expatriate” is typically someone who has chosen to live in another country for work, personal, or lifestyle reasons. Expatriate may be professionals, entrepreneurs, retirees, students, or anyone else who has decided to live and work abroad.