Mortgages in Slovakia

Mortgages in Slovakia

According to the portal about Slovakia – SlovakRepublik.org, mortgages for foreigners are available in Slovakia. Terms and conditions are pretty much the same as European standard and Slovak banks have no problem with lending money to foreign investors. The application requires documentation such as your passport, proof of address, six months of bank statements and a proof of income and employment.

Usually, the bank lends maximum 70% of the property’s market price and the interest rates are around 5-7%. Some buyers use to purchase real estate mortgage financing and as security for loan they use the property itself.

 

Source: http://www.slovak-republic.org/property/