Housing Loan

Buying your own home is a big and important decision. Especially if it is your first home. It doesn't matter if you want to purchase, build or renovate, let’s talk about your possibility to get the financing.

Benefits

Funding of up to 85 % of the property's value
You can take a loan by signing an agreement remotely
Maturity up to 30 years

Fixed term – fixed rate

You have possibility to fix your interest rate for initial loan period up to 5 years. After this period interest rate will change to floating rate.

Loans with state subsidies

Housing loans co-financed by the state

Loans for young families and persons meeting the criteria laid down in the Law on Support for the Acquisition or Rent of Housing of the Republic of Lithuania;
Loan can be granted for the acquisition, construction or reconstruction of residential property;
The support amounts to 10%-20% from the granted loan amount;
Maximum loan amount:
- EUR 53 000 for an individual without family (for housing acquisition or construction);
- EUR 87 000 for a family of two or more members (for housing acquisition or construction);
- EUR 35 000 for reconstruction of the owned residential property, irrespective of the family size.
The amount of a granted mortgage depends also on results of the assessment of financial capacity to fulfil the obligations established in the loan agreement. Minimum loan term is 5 years;
Loans with state support are granted if the borrower's property and yearly incomes do not exceed the amounts established by the Government of the Republic of Lithuania:
- net yearly incomes of an individual without family is maximum EUR 13 250, while property is maximum EUR 16 125;
- net yearly incomes of a family of 2 or 3 members is maximum EUR 18 500, while property is maximum EUR 32 750;
- net yearly incomes of a family of 4 or 5 members is maximum EUR 22 250, while property is maximum EUR 43 625;
- net yearly incomes of a family of 6 or more members is maximum EUR 3 750 per person, while property is maximum EUR 10 375 per person.
Further information about the income requirements is available in the Law on Support for the Acquisition or Rent of Housing of the Republic of Lithuania here;

Decision on compliance of a borrower with the criteria for eligibility to state support is adopted by the municipality, in which the borrower declared his/her place of residence. A certificate of the established form issued by the municipality must be submitted to the bank within 15 calendar days from the day of its issue.

Home mortgage with state support for first home acquisition in regions

Loans for young families and persons meeting the criteria established in the Law on Financial Support to Families for the Acquisition of Their first Home of the Republic of Lithuania;
Loan can be granted for the acquisition or construction of residential property;
The support amounts to 15%-30% from the granted loan amount;
- For young families without children - 15%;
- For young families with 1 child – 20%;
- For young families with 2 children – 25%;
- For young families with 3 and more children – 30%;
Maximum loan amount is EUR 87 000;
If the loan required for home acquisition is over EUR 87 000, additional loan amount without state support can be granted;
The amount of a granted mortgage depends also on results of the assessment of financial capacity to fulfil the obligations established in the loan agreement;
Minimum loan term is 10 years. If property is sold before the term of 10 years expires, the state support should be repaid;
Loans with state support are granted only if:
- the borrower has no residential real estate;
- the property to be acquired is the location classified as 'region';
- the property to be acquired is of residential purpose (apartment or house. Lofts, garden houses, recreational premises are not considered as property of residential purpose);
- if the property to be acquired has appurtenances (outbuilding, sauna, pergola, etc.), loans with state support are not granted for their acquisition and acquisition of the above-mentioned objects are financed separately;
Further information about the requirements for property to be acquired is available in the Law on Financial Support for Families for the Acquisition of Their First Home of the Republic of Lithuania here.

Decision on compliance of a borrower with the criteria for eligibility to state support is adopted by the municipality, in which the borrower declared his/her place of residence. A certificate of the established form issued by the municipality must be submitted to the bank within 15 calendar days from the day of its issue.

7 steps to take to your new home

7 steps

Idea. Each idea starts with the dreams about something own: my own room, my own bathroom or kitchen, my family home, my summer house. Each idea needs a plan for its step-by-step implementation. Experienced lending consultants will prepare a customized funding plan.
Opportunities. To receive a loan you must have a regular and predictable income, a positive credit history and an income/expense ratio that allows you to make new commitments.
Solutions. We will help to plan yours dream. You may be interested in our partners offers. Our lending officers will advise you during the housing acquisition financing process.
Funding offer. It is easier to choose a home, if you are aware of your finances, comprehend the real estate market trends and know what to keep in mind when choosing the home. After finding a suitable property and filling out the loan application the bank will assess your ability to borrow and will make a loan proposal in the case of a favorable decision. After obtaining the offer you most likely will have further questions – when, where, what documents must be submitted? – but everything will be simplified due to assistance of a reliable and professional lending consultant.
Loan approval. Housing loan must be a well-considered decision. We care about first-rate customer experience, and therefore the lending officer will thoroughly explain the loan terms and conditions, guide you through the sequence of actions, procedures and requested documents.
Agreement. Lending consultant will guide you in every next move, will explain loan agreements terms and conditions and the disbursement procedure. Lending consultant will guide you through documents.
Loan repayment. We will be near if you will need support during repayment. Loan agreement means an obligation to repay the loan over the entire repayment period. To simplify the loan instalment procedure they will be automatically withheld from the customer’s account in the bank. To avoid any issues, the best solution is to secure regular transfer of needed for pay credit installment income to your bank account.

Typical example of a housing loan

Loan amount: EUR 60,000
Contract duration: 30 years
Variable annual interest rate: 2.4%
Monthly instalment: EUR 233.96
Contract fee: EUR 300
Mortgage registration fee for State Enterprise Centre of Registers: EUR 31.28
Total amount paid by the borrower: EUR 84,558.62
Number of instalments: 360
instalments paid monthly
Annual percentage rate of charge: 2.47%

IMPORTANT!
Pledged collateral must be insured. Notary fees, real estate evaluation and insurance costs are not known to the bank and therefore are not included in the overall annual percentage rate of charge.
Your loan is guaranteed against your home. Your home may be repossessed if you do not keep up with repayments.

You might also be interested in: Programme for Young Families, Credit Cards, Consumer Loan, Home Insurance

Housing Loan

Benefits

Fixed term – fixed rate

Loans with state subsidies

7 steps to take to your new home

How to purchase home with a loan?

Find out your loan options

Fill in the application

Submit the documents

Receive a loan

You will need the following documents:

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