Housing loan with partial state subsidy can be used:

State subsidy can be used by persons or families which meet the criteria specified by the law (in Lithuanian).

Subsidy size from 10 % to 20 % of housing loan amount

  • Housing loan can be subsidized by a size from 10 % to 20 % of housing loan amount.

Maximum available housing loan with state subsidy amounts*

  • EUR 53 000 for a single person (construction or purchase)
  • EUR 87 000 for a family of two or more persons (construction or purchase)
  • EUR 35 000 for housing reconstruction, no matter the marital status

* Amount of loan also depends on the results of your creditworthiness assessment. Minimal term of loan is 5 years.

Income and property requirements

Housing loans with State subsidy are available for families and persons if their yearly income and property does not exceed the following levels set by Government institutions:

  • Net annual income of a single person (without a family) – EUR 13 250, assets – EUR 16 125
  • Net annual income of a family of 2 or 3 persons – EUR 18 500, assets – EUR 32 750
  • Net annual income of a family of 4 or 5 persons – EUR 25 250, assets – EUR 43 625
  • Net annual income of a family of 6 and more persons – EUR 3 750 per person, assets – EUR 10 375 per person

More information on income requirements can be found here (in Lithuanian).

NB!

A person, wanting to take out a housing loan with partial state subsidy has to provide a certificate (original) of suitability from the municipality of his residence. Certificate from municipality has to be provided to the bank no later than 15 calendar days from the date specified in the certificate.

No agreement fee*

No agreement fee*

Offer available for persons or families which meet the criteria specified by the law

Lower down payment

Lower down payment

Up to 100 % funding with state subsidy

Is State subsidy program for me?

Is State subsidy program for me?

State subsidy is available families and persons if their yearly income and property does not exceed the levels set by Government institutions and can be up to 20 % of the loan amount

You will need the following documents

  • Supporting documents about revenue
  • Real estate purchase / mortgage documents
  • Mortgage application
  • ID or passport
  • Certificate from the municipality
  • If you plan to take a housing loan with a life partner, invite them to come with you
  • We will let you know during the consultation if we require further documents

How to get housing loan with State subsidy?

1

Find out your loan options

Use the calculator

2

Fill out the application

- Fill out the application and get consultation on your loan options
- Submit all the necessary documents

3

Receive a loan offer

Carefully review the received offer, considering the possible consequences

4

Sign the loan agreement

Sign the loan agreement ant fulfill the terms and conditions of the loan agreement necessary for obtaining the loan funds

5

Receive a loan funds

Submitted to the bank the documents specified in the loan agreement which are necessary for the disbursement of the loan funds (application for loan disbursement in the form established by the bank, documents of acquisition / reconstruction of the property, property mortgage agreement and other documents specified in the loan agreement and its annexes)

Find out your loan options

Sample calculation of total charge of loan

Loan amount: 60000 EUR
State subsidy: 12 000 EUR*
Term: 25 years
Interest rate: 2.4 %
Monthly payment: 266 EUR
Agreement fee: 0 EUR
Pledge registration fee to the State Enterprise Centre of Registers: 31.28 EUR
Total amount payable by the consumer: 80 179 EUR
Number of payments: 300
Annual Percentage Rate of Charge: 2.47 %

The loan will be covered by state subsidy, which will reduce the total payable amount, monthly payment and Annual Percentage Rate of Charge.

* The amount of subsidy could be from 10 % to 20 % of the loan amount, depending on the family situation. If the amount of support is lower than the initial down payment required by the bank, the borrower must cover the remaining part with his own funds.

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.

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