You wish to procure a photovoltaic power station amounting to CZK 300,000. You have the financial funds available and expect to receive a grant of CZK 150,000. However, the grant process may take several months. Therefore, you can cover the amount of the grant with a KB loan and use your own funds elsewhere. Once you receive the grant, you can repay the loan at any time.
KB loan parameters
A loan amounting to CZK 150,000 shall be granted on 1 October 2022. The loan term shall be 8 years, with payments to be made on the 20th day of each month.
- Fixed interest rate of 6.90% p.a.; APR of 6.12%
- Payment no. 1 – interest only: CZK 546.25
- Payments nos. 2 through 95: CZK 2,054.00
- Annuity payment no. 96: CZK 2,014.91
- Total amount payable: CZK 195,637,16
One-off loan processing fee: CZK 0; monthly loan administration fee: CZK 0; MůjÚčet account maintenance fee: CZK 0; electronic bank statements: CZK 0.
The example is calculated for the date of drawing on the October 1, 2022 and the repayment period of the loan always on the 20th day of the month.