Possibility of postponing loan repayments

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POSSIBILITY OF POSTPONING LOAN REPAYMENTS

IT IS IMPORTANT FOR US TO BE ALWAYS THERE FOR YOU IN THIS DIFFICULT SITUATION AND TO HELP YOU MITIGATE THE UNEXPECTED IMPACTS ASSOCIATED WITH THE SPREAD OF COVID-19.

Starting from 1.10. 2020 there is no possibility to accept deferral requests.

Dear clients,

In accordance with the newly adopted Act on deferral of loan repayments below, we provide information for deferred monthly repayment of mortgage loans, PRESTO Loans and loans for small businesses and sole traders.

The deferred monthly installments may be deferred until 31.7.2020 or 31.10.2020.
The first installment to be postponed is the installment payable in the month following the application (ie if you apply in April, the first installment we postpone will be in May).
If you have more loans with us, please fill in a separate application for each loan.
If you do not exactly identify your loan and you have more loans of the same type (eg more mortgage or consumer loans), we will postpone all these loans (ie all mortgage loans or all consumer loans).

If you wish to postpone installments of a credit product (e.g. consumer credit, leasing) from UniCredit Leasing, please read HERE.

Our main priority is the health of you, our clients and UniCredit Bank employees, so we will manage everything remotely, without having to visit a branch.

Please pay attention to the correct entry of all data, which will significantly speed up the processing.

Most frequent questions

Can I request a postponement of my credit card or overdraft?

No, at the moment we allow postponement of installment loan installments only (repaid by annuity installments).

Can I apply for a postponement of installments if I have not yet fully disbursed the loan and I am only paying the interest?

No, possibility of postponement of repayments concern the loans that have been fully disbursed and are in repayment phase.

If I have monthly paid insurance on my loan, will it also be deferred?

At the moment we are dealing with the insurance company and we will inform you soon. In any case, your insurance continues regardless of deferred payment.

I have a business loan with linear repayments. Is it also possible to postpone the payment of such installments and interest?

This is the so-called linear repayment. At the moment we only allow deferral of the so-called annuity payments.

I have filled out and sent the request for deferral of installments. When will you contact me?

We process requests in the order in which we received them, taking into account the deadline required for the coming repayment to be postponed. There are many clients affected by this extraordinary situation,
so we are asking you for your patience.

Can I make an extraordinary installment during the postponement period?

This cannot be done for the period of the deferred installment period. You may make an extraordinary installment after the deferral period has ended.

Can I cancel the postponement of repayment anytime and start repaying the loan like before?

Once we set the repayment deferral, it cannot be for technical reasons canceled and is valid for the agreed period. So we advise to think it through before requesting the postponement.

Will I pay a fee for the postponement?

No, we will arrange for you the repayment deferral free of charge.

What about the impact of the postponement on the loan costs? Will I pay more afterwards?

We are doing our best to support you and minimalize the impact of the situation on the costs of your loan. After postponement you will restart repaying the loan with unchanged monthly instalments and interest rate. Nevertheless due to the fact that the repayment plan will be prolonged and the interest of your loan will be calculated during grace period the total cost will be slightly higher.

Will the repayment plan be changed after due to postponement?

Yes. The repayment period will be prolonged by the duration of grace period. Additionally in order to avoid increase of each of your monthly instalments after grace period, we may account the interests calculated during the grace period as additional last repayment.
Nevertheless you will have possibility to repay the loan partially earlier any time (in case of mortgages up to 20-25% of your loan each year) without any costs and choose if after such partial repayment to shorten the tenor or lower the monthly installment.

If I asked for a postponement of installments for 3 months and now I am interested in postponement for 6 months, what should I do?

If you have already requested a postponement of installments, we will contact you to propose a solution. We contact clients gradually according to the timing of the installment.

Do I have to come to the branch to sign an amendment to the credit agreement?

You do not have to, we manage everything together remotely, via internet banking. We will inform you about the specific procedure.

Is it enough for the main debtor to apply for a deferral?

A: Yes

If I request a deferral of payments by law until July 2020, can I then request another deferral or extension until October 2020?

Based on the opinion of the Czech National Bank, it is not possible to extend the deferral once entered until July at a later date. We therefore recommend that you ask for a postponement until October 2020.

At the time of deferred payments, my mortgage fixation ends. What will happen?

According to the law, the so-called fixation period is postponed by the period of postponement. Therefore, for example, if you request a deferral of payments for the period May - October (ie a total of 6 installments), the original refixation date will be automatically postponed by these 6 months. For example, if you had the original refixation date at 08/2020, your mortgage will now have a refixation at 02/2021. This refixation shift also applies if you have a refixation date after the end of the grace period. So, for example, if you have a refixation in 03/2021, you will have it in 09/2021.

Starting from 1.10. 2020 there is no possibility to accept deferral requests.

Dear clients,

In accordance with the newly adopted Act on deferral of loan repayments, below we provide information for deferment of monthly installments for corporate investment loans.

The first installment to be postponed is the installment payable in the month following the application (ie if you apply in April, the first installment we postpone will be in May).
If you have more than one loan with us, fill in a separate application for each loan for which you want to postpone installments.
Payments may be postponed for a maximum period of 6 months, but no later than 31.10.2020.

If you wish to postpone loan installments from UniCredit Leasing CZ, a.s. (eg consumer credit, leasing), please read HERE.

Our main priority is the health of you, our clients and UniCredit Bank employees, so we will manage everything remotely, without having to visit a branch.

Please pay attention to the correct entry of all data, which will significantly speed up the processing.

Most frequent questions

Can we apply for a deferral of overdraft?

No, according to the law, it is only possible to request a postponement of installments for investment loans.

We have completed and sent a payment postponement request. How long will it take to contact us?

We process requests in the order in which we received them, taking into account the deadline for the next deferred payment. By law, we have 30 days to process an application, but we can do it much faster. However, there are many clients affected by this emergency, so please be patient.

Can't we get into the registers to postpone the installments?

No, postponing installments under the statutory regime has no negative impact on credit registers.

Who can fill in an application for deferral of payments on behalf of a legal entity?

A request for deferral of installments may only be sent by a person authorized to represent the legal person specified in the request.

Can we make an early repayment during the repayment period?

It is not possible to do so for the period of the deferred payment. You can make an early repayment after the deferred payment scheme ends.

Can we cancel and repay the deferral as we were used to during the deferral period?

Once we have set a deferral, it cannot be canceled for technical reasons and is valid for the agreed period. Therefore, think about whether and when the delay is effective for you.

Will we pay a fee for deferring installments?

We will arrange a postponement of installments free of charge for you.

What about interest? Will the loan continue to be remunerated for the period of deferred installments?

In the case of corporate clients (legal entities), according to the law, the loan continues to bear interest according to the terms agreed in the contract for the period of deferment of the installments; The deferral applies only to repayments of principal. In the case of natural persons, including natural persons doing business, the law allows deferment of both principal and interest payments.

Will the loan be extended due to postponement of installments?

Yes, the maturity of the loan will be extended by the grace period.

If we do not meet the legal conditions for postponing installments, do we have any other way to postpone installments for a while?

Yes, we can also help clients who do not meet the legal requirements. We are also able to postpone installments up to 6 months on an individual basis. Please consult your advisor on this matter.

If we originally asked for a postponement of installments for 3 months and then we would like to extend the postponement to 6 months, is that possible?

No, it's not possible. The client has the option to choose one of two variants of the duration of the protection period when announcing the deferral of payments, either until the end of July or until the end of October. For the second time, he can no longer request a deferral of installments under the statutory regime.

Do I have to come to the branch to sign an amendment to the credit agreement?

You do not have to, for postponement of repayments according to the law it is not necessary to sign amendments to the credit agreement.

Under which law is the deferral of installments?

Act No. 177/2020 Coll., On Certain Loan Repayment Measures in Connection with the COVID-19 Pandemic.

Where can I apply for deferral of repayments by law?

You can apply online, without visiting a branch, directly on this website. However, you can also apply at our branches.

Dear clients,

It is important for us in this difficult situation to always stand by you, our clients, and help you reduce the unexpected effects associated with the spread of COVID-19.

We would like to inform you that we are preparing the COVID III Guarantee Program for you in cooperation with the Czech-Moravian Guarantee and Development Bank.

The aim of the COVID III Guarantee Program is to facilitate access for small and medium-sized enterprises to operational financing whose economic activities have been, and may still be, limited due to the occurrence of coronavirus infection and related preventive measures.

If you are interested in any of these programs, please contact your banker.

Our main priority is the health of you, our clients, but also the employees of UniCredit Bank, so we will take care of everything as far as possible, without the need to visit a branch.