Loans & Leasing

Who can request a grace period?

Clients who see a need to postpone upcoming payment due to loss of income or other reasons.

What is the maximum duration of the grace period that can be requested?

For private customers who are in financial difficulty to pay off their monthly loan payment, we currently offer the option of deferring the principal for up to 12 months for a mortgage and up to 6 months for a consumer loan. To apply for it, please write an application online.

Is setting up a grace period subject to a fee?

No.

I’m already struggling with my monthly repayments. Can I request a grace period and if yes, on which conditions?

We approach every client’s case individually. Please inform us of your payment difficulties as soon as possible by submitting a grace period request in the Internet Bank.

Can I request a grace period for a consumer loan as well?

Yes, but we will evaluate client's situation individually.

How long will reviewing a grace period request take?

We want to review all grace period requests in 10 working days. However, if the number of incoming requests increases significantly, we may need more time to review them.

I have a housing loan and an idea loan. Can I get a grace period for both loans?

Yes, but we will evaluate client's situation individually.

Will the bank amend the terms and conditions of the agreement in the case of EBIFN, Collar, CAP, Luminor Prime, Fixed?

We will not amend the terms and conditions of agreements related to EBIFN, Collar, CAP, Luminor Prime.

What are my options of getting a grace period if my loan is with Lithuanian state subsidy?

Lithuanian state subsidies guarantee is not an obstacle to getting a grace period.

How do I have to prove to the bank that my income has temporarily decreased (redundancy, unpaid leave, reduction of workload)?

We will evaluate client's situation and if needed ask additional documents.

Do notarised contracts have to be amended when a grace period is set up?

The solution we offer does not require amendment of the mortgage contract.

Will the bank amend the terms and conditions of the loan agreements if I request a grace period for my existing loans?

Each client is in a different situation and we approach them individually.

Can I get a full grace period (principal + interest)?

You still have to pay interest during the grace period.

Which documents do I have to submit to the bank?

You must submit a grace period request in the Internet Bank. You can do it by submiting a grace period application.

If you are applying for leasing grace period, please fill out the application form. The document can be completed in pdf format. After filling it in, sign it and send it to our mailbox lizingas@luminor.lt.

Can the term of the loan be extended and the amount of the monthly repayments be reduced?

Amending the terms and conditions of the agreement may bring about the need to amend the collateral agreement of the mortgage contract, for which additional notary fees must be paid. Thus, we do not provide such option.

If needed, we prefer signing the amendments made to agreements electronically (Smart-ID, Mobile-ID) due to the spread of the COVID-19 virus.