• JESSICA Programme – Soft Loans for Residential Buildings

    Loan for reconstruction and modernisation of residential buildings at special terms.

Special terms

Take advantage of the exceptionally low interest rate under the JESSICA Programme.


Fix your interest rate for the entire term of your loan.


Extraordinary payments anytime, without limitations or sanctions.

Free of charge

No fees for application processing or loan provision / maintenance.

Why KB?

As needed

Loan amount from CZK 1 million to 120 million.

Finance up to 90%

Use the loan to finance up to 90% of eligible costs.

No rush

Loan term of up to 30 years.

How to get this product?

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At a branch

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About Soft Loans for Reconstruction and Modernisation of Residential Buildings JESSICA Programme

  • Intended for
    • Associations of unit owners
    • Housing cooperatives
    • Other legal entities and individuals owning residential buildings
    • Municipalities
    • Non-profit organisations that own real estate for the purpose of social housing
  • Low-interest investment loan in CZK for funding of eligible costs associated with:
    • Modernization and reconstruction of apartment buildings
    • Reconstruction of real estate used/to be used for social housing (applicants recruit from municipalities and non-profit organisations).
  • As of 1 January 2015, interest rates start at 0.52% p.a. for loans with 10-year loan term
  • Solely for investment (eligible) costs arising after the loan agreement signing date – aimed at technical improvement, reconstruction, and modernization of common areas
  • Loan may only be used in selected Czech cities
  • Current information on disposable funds for distribution under the JESSICA Programme as of 5 August 2015

Important information for you

  • Loan agreement must be concluded by the end of 2015, with project implementation starting by March 2016 – with unconditional completion during 2016.

You might also like to know

  • Current interest rates – apartment building reconstruction:
    • 0.52% p.a. for loan term of 10 years (RREU + 0%)
    • 1.52% p.a. for loan term of 10 - 20 years (RREU + 1%)
    • 2.52% p.a. for loan term of 20 - 30 years (RREU + 2%)
    • Rates based on the Reference Rate of the EU (RREU) as of 1 May 2015
  • Current interest rates – social housing:
    • 0.52% p.a. for loan term of 10 years (RREU + 0%)
    • 1.5% p.a. for loan term of 10 - 20 years
    • 2% p.a. for loan term 20 - 30 years
    • Rates based on the Reference Rate of the EU (RREU) as of 1 May 2015
  • Costs eligible for funding:
    • Thermal insulation of internal structures
    • Repair of any structural defects
    • Reconstruction of foundations and hydro-insulation of bottom section of the construction
    • Acquisition, modernization, and reconstruction of technical equipment of an apartment building – heating system including heat consumption measuring, distribution system for heat, gas, water, electricity – including replacement of cables within common areas and service lines to individual electricity meters
    • Acquisition, modernization, and reconstruction of an elevator
    • Acquisition, modernization, and reconstruction of air conditioning system
    • Modernization and reconstruction of common areas (staircase, corridors, roof)
    • Modernization and reconstruction of loggia or balconies (e.g. replacement of banisters, balconies)
    • Project publicity (signage of premises funded under the Programme)
    • VAT for VAT nonpayers
    • Thermal insulation of internal and external structures, including replacement of doors and windows