Loans and mortgages
Reduction and deferment of loan payments

Reduction and deferment of loan payments

Take advantage of mortgage and consumer loan payment reduction or deferment options

What do you need to know before you opt for the deferment of loan payments?

You should expect a phone call during which we will ask about your household income and expenses and propose the most appropriate adjustment of your loan payments. The call may be longer because, under the Consumer Credit Act, we are required to determine your ability to cope with the loan payments during or after the forbearance period. We will therefore also verify the information against credit registers.
You will sign an amendment to your existing loan agreement, which may include an obligation to direct income to a current account held with Komerční banka or an obligation not to incur further debt without the bank’s consent. In the event there are any co-borrowers, guarantors or pledgers in connection with your loan, they will also have to agree to the change in the loan payments. When you sign the amendment, they will see the status of your loan (amount and payments), including any overdue loan payments.
Deferment of loan payments is usually entered in the credit register and may affect you getting further credit in the future. The same applies to any co-borrowers and guarantors. If you have no choice, you are also demonstrating your responsible approach to resolving the problem before you fall into arrears.

How does it work?

Complete an online application.
We will call you to discuss available options (usually within a week).
You will sign an amendment to the existing loan agreement – either conveniently in your online banking or at a branch.

How much does it cost to process an application for loan rescheduling?

Does the bank have to comply and defer your loan payments?

The bank is not required to approve your application. Furthermore, when assessing your application, we must follow the Consumer Credit Act, which regulates the related decision-making process.

Nevertheless, we can assure you that we will assess and approve your application on an individual basis and will do our best to accommodate you.

However, this is not always possible. Therefore, until we know the outcome of your application, please try to adhere to your existing repayment schedule.

I hereby ask Komerční banka, a.s. (hereinafter the “Bank”) to change the repayments for the products listed below:

Loan type

Credit account number

Additional loan/credit types can be added during a telephone conversation

and I provide the following details:

Name

Surname

Personal ID number (or date of birth)

E-mail

Telephone number

I ask for

Deferment of monthly payments (I cannot pay anything) Reduction of monthly payments (I can only make partial payments)

Deferment/reduction of monthly payments for

Reason for application

Additional information about the applicant

Marital status

Number of household members

Number of dependent children in the household

Details of income

Specify your total monthly income in CZK

The sum of the amount your employer sends to your account, your net income from your business, and other net income (part-time jobs, rent, social benefits, etc.).

Other income of individuals contributing to your household in CZK

Net income of the person with whom you share a household (spouse, partner)

Details of expenses

Specify your total household expenses in CZK - excluding loan payments with KB

Rent, utilities, energy, food, insurance, savings, child support, telephone, Internet, transport, etc.

Total amount of other monthly payments in CZK - outside KB

Leasing, non-bank loans, goods on hire purchase, etc.

We will discuss the details with you via telephone.

Final provisions

I hereby declare that:

The information provided in this application is complete and true for the purpose of assessing my creditworthiness in accordance with the relevant provisions of the Consumer Credit Act and I undertake to reimburse the Bank for any and all costs and damages it may incur in the event this declaration proves to be untrue;
No request to open insolvency proceedings has been brought before a court of law or is pending in respect of me or my property or any other proceedings having a similar legal effect;
I am aware of my obligation to disclose during the following telephone call with the Bank any information about any enforcement order (execution) against me or my property, as well as about any judicial, administrative or arbitration proceedings relating to me or my property;
I am aware of my obligation to disclose during the following telephone call with the Bank any information about any tax arrears, arrears of public health insurance premiums, arrears of social security premiums, and arrears of contributions to the state employment policy;
I do not have any debts to the state arising from the unauthorised receipt of sickness insurance benefits, pension benefits or social security benefits.

By submitting this application, I acknowledge that:

The Bank verifies my creditworthiness, trustworthiness and credit (payment) history through data collected from bank and non-bank credit registers, to which the Bank also discloses my details, and I am aware that such registers process my personal data, including my personal identification number (RČ), under the terms and conditions set out in their information memoranda, the current versions of which are available at any branch of the Bank, on its website and at www.solus.cz and www.cbcb.cz. Further information is available in the Bank’s “Information on the Processing of Personal Data” document available at any branch of the Bank and on the Bank’s website here (Privacy Policy);
The approval of this application is not an acquired right;
In the event this application is approved, the Bank is required to enter the information about the change to the existing repayment schedule or the granting of a restructuring loan (as appropriate) in the credit registers, in which it participates;
In the event this application is rejected, I will be informed by electronic mail (email) to the address I have indicated above in this application.

Cannot find an answer to your question?

Contact your relationship manager or call the KB Infoline at +420 800 521 521

(Mon - Fri 7:00 - 22:00, Sat - Sun 8:00 - 22:00)

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