If you need to book an initial consultation to find out whether you qualify for a loan, please fill out a loan application form and give your consent to the processing of your personal data. If you have no specific property in mind yet, leave the relevant field blank. We will analyse your data, assess your loan qualification, and prepare a personalised loan proposal. Our financial advisor will contact you and book a remote or in-person consultation, depending on your preference.
The first step in getting a mortgage loan is filling out and submitting a loan application form. In case you don’t have a specific property in mind yet, just leave the relevant field blank. However, it is important that you provide all other relevant information about your income, liabilities, marital status, level of education and fill in all required fields.
To assess your eligibility for a loan, fill out a loan application form and give your consent to the processing of your personal data. We will analyse your data and prepare a personalised loan proposal for you. Once we receive your application, our financial advisor will contact you.
Main steps in getting a housing loan are described here.
You can find a loan application form here. If you haven’t found the real estate you wish to acquire yet, you can skip this part. However, it is important that you provide all other relevant information about your income, liabilities, marital status, level of education and fill in all required fields. If you wish to receive the initial proposal, we highly recommend signing the application electronically. We can process such applications faster and reach out to you within 1-2 working days.
We will contact you as soon as possible, after we receive your application (usually within 1 working day). We apologise in advance for any delays due to increase in enquiries.
If you apply together with your co-debtor, we will receive your application once it has been signed by both of you.
If you need just an initial consultation to find out whether you qualify for a loan, please fill out a loan application form. In case you have no specific property in mind yet, just indicate that in the application form.
You can calculate your preliminary loan amount using our calculator.
- To buy a home. This loan is provided for purchasing (acquiring) the real estate that has already been constructed and registered with the State Enterprise Centre of Registers;
- To buy and fit out a home. This loan is provided for the acquiring (purchasing) the property that is still under construction, as well as for fitting-out the property that is registered with the Real Property Registers;
- To build a home. This loan is provided for the construction of the real estate;
- To reconstruct a home. This loan is provided for reconstructing the real estate that has already been constructed;
- To renovate a home. A loan for renovating real estate that has already been constructed;
- A loan for refinancing a housing loan granted by another financial institution.
We offer various solutions. We assess each customer’s situation individually and apply certain exceptions in some cases. We kindly invite you to get an initial private consultation and find out your potential possibilities to receive a housing loan.
When purchasing a property, the minimum down payment is at least 15% of the price or value of the housing purchased, whichever is lower.
An idea loan can only be used to cover one’s expenses or for personal, family or household needs, but not for business or professional needs. An idea loan can be granted for a specific purpose or for consumption.
Yes, you will need to provide a property valuation report to the bank. The property valuation must be carried out by an independent (external) property valuer. A list of the bank’s recommended property valuation companies is available here; however, you also have a right to choose another independent (external) property valuer. You will have to cover the costs associated with the valuation of the property.
In case when a newly‑built real estate is being acquired from the bank’s list of partners and the price of the real estate complies with the price limits set by the bank, the property valuation is not required. We will provide more information during the consultation.
Yes, the fulfilment of obligations under a loan agreement will be secured by the real estate collateral by pledging the real estate located in Lithuania that is owned or being acquired, fitted out, constructed, reconstructed, or renovated. If a customer requests a higher housing loan, other real estate can also be secured by collateral. If you wish to learn more about your financial possibilities, please fill out a loan application form to get an individual consultation.
Yes, you can. We provide this type of solutions upon after consulting the real estate developers. If you wish to learn more about your financial possibilities, please fill out a loan application form to get an individual consultation.
The fitting‑out deadline is set in the mortgage loan agreement. The maximum time limit may be up to 12 months.
Mortgage loan instalments are debited from the account held with the Luminor Bank AS Lithuanian Branch which is stated in the loan agreement. The borrower can open another payment account solely for the purpose of accumulating and transferring funds designated to the repayment of the loan. The bank will not charge any service fee for the maintenance of a such account.
Please note that in such cases, when there are no sufficient funds available in the account specified in the loan agreement on the loan instalment payment date, we have a right to debit an outstanding amount from other accounts held with the bank (including accounts of the co‑debtors) without giving written notice and obtaining a prior consent from the co‑debtor.
If you are looking for a preliminary consultation, you don‘t need a property valuation report to submit your application. However, if you‘d like to get a financial proposal for a particular property you need to provide a real estate valuation report.
Please note that in some cases, when buying the property from the real estate companies Luminor cooperates with, customers are not required to provide the property valuation report, as Luminor takes care of it itself. For more information please click here.
The maximum term for a housing loan is 30 years, and 20 years for an idea loan.
The maximum term for a housing loan is determined individually, considering and assessing all relevant circumstances.
Choosing the right loan term is very important, as repaying the loan over a shorter period can save you money; however, it is important to keep in mind that the loan instalment has to be in line with your financial situation, and the remaining funds have to be sufficient for your other daily needs (or those of your family).
Click here for more information on the fee which is currently charged for the conclusion of the credit agreement.
A commitment fee is a fee for reserving an unpaid part of a loan. The commitment fee is applied when the disbursement of the granted loan exceeds 2 calendar months period from the loan agreement sign‑off date.
For example, you were granted a loan for building a house but you don’t need the whole of the loan immediately. While a certain amount of the loan is granted to you after the signing the loan agreement, the remaining amount of the loan will transfer to your account within six months. This way, the commitment fee indicated in the loan agreement will be applied to the second half of the loan.
The amount of currently applied commitment fee can be found in the pricelist.