- Mortgage loans are provided to private individuals over 21 years of age;
- Maximum loan duration 25 years;
- Mortgage loans of up to 80 % of the value of the mortgaged property are available;
- Loans are extended in Litas or Euro.
- Interest
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Loan interest rates are determined on an individual basis. The interest rate consists of the bank's interest margin and the inter-bank floating (variable) or fixed interest rate.
You can choose a variable rate or a fixed rate loan:- If you choose a variable interest rate, it will change every 3 or 6 months throughout the term of the loan agreement depending on changes to the selected inter-bank interest rate VILIBOR (litas-denominated loans) or EURIBOR (euro-denominated loans). Loans denominated in euro are subject to 3- and 6-month interest repricing and loans demoninated in litas to 3 month interest repricing.
- If you choose a fixed interest rate,determined for euro-denominated loans for a 5-year, term you are guaranteed that your monthly payments will not increase during the selected period.
- Loan repayment
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You can repay a loan by the:
- Linear method the loan is repaid in equal parts and interest is calculated on the remaining loan balance, thus repayments to the bank gradually decrease each month.
- Annuity method equal amounts are repaid each month consisting of loan repayments and monthly interest.
- Property Evaluation
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The property being mortgaged must be evaluated by a property assessor acceptable to the Bank.
If you're purchasing a home from a builder and the purchase price matches the price evaluated by the bank's property assessor, you're not required to present the property evaluation to the bank, saving you time and money.
Property assessors acceptable to the Bank Property assessor Towns UAB "Aidila", www.aidila.lt Klaipėda UAB "Baltijos turto vertinimo agentūra", www.tvb.lt All Lithuania UAB "Butas tau", www.butastau.lt Vilnius, Vilniaus rajonas UAB "Centro kubas Nekilnojamasis turtas", www.centrokubas.lt Vilnius UAB "Domus Optima", www.domusoptima.lt Vilnius, Kaunas, Klaipėda, Alytus, Marijampolė UAB "InReal", www.inreal.lt Vilnius, Kaunas, Klaipėda, Šiauliai UAB "Kovertas", www.kovertas.lt Alytus UAB "Latmas", www.latmas.lt Kaunas, Vilnius UAB "Lituka" ir KO, www.lituka.com All Lithuania UAB "Liturta", www.liturta.lt Kaunas, Vilnius, Klaipėda, Šiauliai, Panevėžys, Marijampolė UAB "OREM", www.orem.lt All Lithuania UAB "Resolution valuations", www.newsecbaltics.com Vilnius, Kaunas, Klaipėda, Panevėžys, Šiauliai UAB "Turto spektras", www.turtospektras.lt Vilnius, Kaunas, Klaipėda UAB "Verslavita", www.verslavita.lt Vilnius, Kaunas, Klaipėda, Šiauliai, Panevėžys, Raseiniai VĮ Registrų centras, www.kada.lt All Lithuania - Property insurance
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- At your request we may insure mortgaged property with If P&C Insurance AS Lithuania branch according to the conditions of the insurance agreement. The premium rate applied to you will be 0.07 % of the insurance coverage; liability insurance LTL 5,000 with no additional fees.
- You can get property insurance at any property insurance company acceptable to the Bank:
Property insurance companies acceptable to the Bank AAS "Gjensidige Baltic" Lithuania Branch, www.gjensidige.lt AB "Lietuvos draudimas", www.ldr.lt "BTA Insurance Company", www.bta.lt UADB "Ergo Lietuva", www.ergo.lt If P&C Insurance AS branch, www.if.lt UAB DK "PZU Lietuva" (including UAB "Lindra" and UAB NORD/LB draudimas that function separate during the merger project), www.pzu.lt ADB "Seesam Lietuva", www.seesam.lt COMPENSA Towarzystwo Ubezpieczen S.A. Vienna Insurance Group Lithuania Branch, www.compensa.lt - Life insurance
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- Clients, who are over the age of 45, must have life insurance for the term of the loan for an amount no less than the outstanding amount of the loan.
- The Bank is irrevocably named as the beneficiary.
- You can insure your life with Mandatum Life Insurance Baltic SE Lithuania Branch or with another insurance company acceptable to the Bank.
- Other expenses
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Expenses connected with obtaining a loan: Document preparation fee Under an agreement Mortgaged property insurance From 0.07 % annually on the value of the insurance amount (minimum annual fee for the object LTL 100) (if the property is insured according the If P&C Insurance AS Lithuania branch conditions of the Insurance agreement) A one-time mortgage sheet registration fee 108 LTL for registration Property assessment ~ LTL 300 for flat assessment
~ LTL 500 for house assessmentWhen signing the sale and purchase contract in the notary's office, notarial charges are paid According to the notary's pricelist Property registration with the State enterprise Centre of Registers VĮ "Registrų centras" According to the established pricelist - The documents necessary when applying for a loan
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General documents:
- An application to obtain a loan;
- Personally signed passports, Personal Identification Cards or Driving Licences of the client and his/her spouse, issued in the Republic of Lithuania;
- Documents supporting the client's income: a detailed statement issued by the client's employer concerning income, tax returns, if such income must be declared according to the law, and other documents supporting income (submitted only if the information about income is not provided in the database of the Social Insurance Fund);
- A property valuation report presented by a property assessor acceptable to the bank (see 'Property Evaluation').
- Documents confirming ownership of the land lot or the right to a long-term lease (if a house is being built/reconstructed);
- A construction or reconstruction permit;
- Work and material estimates.
Our consultants are ready to advise you and to answer all your questions. Call the Contact center at 1636 (from outside Lithuania dial +370 5 215 6666) or send us an enquiry.
1636 (Weekdays 8-19)