Mortgage loan

It's good to have your own place not only under the sun, but also under the roof! Mortgage loan provides an opportunity to take care of this - with the help of this loan you can buy, build or reconstruct a dwelling house and purchase a plot of land for its construction.

Benefits

  • The total credit amount can be taken in parts over 12 months depending on the need. 
  • After using the total credit You may postpone its repayment for another 12 months.
  • Credit repayment period - up even to 30 years.
  • You may repay the credit prior to its maturity on the interest changeover day.

Major conditions

The mortgage loan can be granted to adult citizens of the Republic of Lithuania or persons who have a permanent residence permit issued by the Migration Service under the Ministry of the Interior of the Republic of Lithuania and who receive permanent income.

Credit purpose

  • To purchase, build, reconstruct or to complete the construction work for residential house/apartment.
  • For decoration or repair works of your house/apartment if it is granted together with the mortgage loan.
  • To purchase a plot of land where you plan to build a house, if it is granted together with the mortgage loan.

Currency

Euro

Maturity

Up to 30 years

Amount

It shall be determined on the basis of your and your family's income and the financial ability to repay the loan, as well as the value (price) of the purchased and / or mortgaged real estate. Eligible for funding of:

housing which is the major place of residence and not older than 15 years

 

Up to 85% of the market value or the price of the property (taking into account the lower amount)

housing which is not  the major place of residence or You have already concluded the credit agreement regarding acquisition or construction of the real estate suitable for permanent residence      

Up to 70% of the market value or the price of the property (taking into account the lower amount)

 

Check out Your possibilities to receive a mortgage loan: CALCULATOR

 

Collateral to ensure credit repayment

Purchased real estate or other residential real estate acceptable to the bank shall be pledged.

Assessment of mortgaged real estate

Property to be purchased which is subject to pledge shall be evaluated by the real estate assessment company coordinated with the bank.

Insurance of mortgaged real estate

Property to be pledged shall be evaluated by the insurance company coordinated with the bank.

Interest rate                            

Variable interest rate

Interest rate shall be calculated as a sum of EURIBOR value of 6 months and fixed margin, which however cannot be less than a minimum general interest rate determined by the bank.

The interest margin shall be determined individually.

 

Repayment method

The credit will be repaid linearly, i.e. in equal instalments while interest will be calculated from the outstanding credit amount therefore the instalments will reduce on monthly basis.

Documents required to apply for a mortgage loan

Other documents shall be dicussed during our meeting regarding the credit.

How to apply for the mortgage loan?

Fill in the mortgage loan application in a manner acceptable to You:

In case of any queries please contact us by tel. 1813 ( +370 37 301 337 when calling from abroad) or e-mail to kc@sb.lt.

We would like to draw Your attention that a total amount of the monthly instalments paid by You to various credit institutions should not exceed 40 per cent of Your total net income received per month.

Using financing services you accept financial liabilities. Before granting a credit the bank shall take into consideration your income and current liabilities.

Please borrow responsibly as a failure to fulfil financial liabilities can negatively impact Your credit history and increase the borrowing costs.