Czech mortgage glossary
Variable rate
Interest rate that changes with market developments (typically PRIBOR plus margin). The payment can then change every month or quarter. A variable rate is usually lower than a fixed rate during stable or falling rate periods, but riskier. In Czechia, only a minority of clients choose it — most prefer the certainty of a fixed rate.
Related terms
In-depth guide
Calculate your own situation
Instead of abstract definitions — enter your own parameters and see the result for yourself. No registration, no form, no salespeople.