Consumer Lending in the Czech Republic - New Market Report
The Czech National Bank reduced the core interest rate to a historic low over the last five years, and kept it at this level in 2013. Mortgage/housing loans have also hit historical APR lows due to the strong competition among providers and online players in the marketplace. A large number of the existing loanholders also refinanced their previous credit extensions under such favourable conditions compared to the time when the original loan was taken out.
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