How much can I borrow?
The loan amount may vary from 300 Eur to 8,000 Eur.
The amount of the loan shall depend on your financial capacities – your income and the outstanding obligations. Your monthly income less the necessary expenses incurred by you and/or your family must be sufficient to repay the loan amount and the loan-related fees. The total amount of the premiums with respect to all your financial obligations shall not exceed 40 % of your income, and/or that of your family (depending on whether the loan is granted only on your income, and/or on the family income).
What will be the interest rate?
The interest rate is fixed, i.e. the interest rate will not change throughout the maturity of the loan. The interest rate shall be fixed as client-specific – the amount of the interest depends on your loan history, loan period and your loyalty to DNB.
Example of the calculation of a gross annual rate with respect to a consumer loan
Should we grant you a 3,000 Eur consumer loan to acquire a car for a period of 5 years, the total amount to be repaid is 3,784.20 Eur, a monthly instalment of 62.28 Eur, and the total annual rate of the loan price is 10.06 %. The calculations were based on the following assumptions: an annual interest rate is 9 %, the loan is repaid based on the annuity method, the agreement conclusion fee is 30 Eur, and bank account administration fee 0.29 Eur/month.
Which repayment method should I choose?
If you prefer to allocate an equal amount each month for the repayment of the principal and the interest, select the annuity loan repayment method.
If you prefer to repay the loan as soon as possible and each month pay an ever smaller amount of the interest, opt for a linear method – in this way you will repay the loan amount in equal installments, and the interest amount will decrease. If you select to repay the loan according to the linear method, you are entitled to choose the loan repayment and interest payment date – on the 6th, 16th or the 26th of the month.
You will start repaying the loan no earlier than in the calendar month following the contract signature date.
How to avoid financial difficulties in case of contingencies?
Select a consumer loan with the ERGO Umbrella insurance provided by ERGO Life Insurance SE. In case of any contingencies, according to the terms and conditions of the insurance contract, the outstanding part of the loan will be repaid by the insurance company.
Terms and conditions of the ERGO Umbrella insurance (in Lithuanian)
Mandatory information to be provided by an insurance broker to clients (in Lithuanian)