A consumer credit with insurance

Taking a consumer credit of Šiaulių Bankas you may also take care and allow your family to avoid repaying the credit in case of your death.

Why it is worth choosing consumer credit with insurance?

  • When concluding  a credit agreement, a one-time insurance premium is paid  and the life of the borroweris insured, so in the event of his death, the outstanding balance is covered by the life insurance company Bonum Publicum.
  • The conditions of the consumer credit of Šiaulių Bankas shall apply
  • In case of early repayment of the credit, You would receive a refund for a portion of insurance premium for the remaining period of time after deducting agreement conclusion and execution expenses

Major insurance conditions

Insurance premium

It is a one-time premium which is calculated individually depending on the insured person's (borrower's) age, credit amount and its maturity.

Insurance amount

An insurance amount of the insurance policy conclusion day shall be equal to the amount of the received credit, later - to the outstanding portion of the credit (it shall be recalculated on monthly basis according to the credit repayment schedule).

Insurance benefit

It is equal to the insurance amount, however, it cannot exceed, the outstanding credit amount under the credit repayment schedule.

Insurance event

Death of the insured person over the period of insurance.

If the Credit is repaid earlier

You would receive a refund for a portion of insurance premium for the remaining period of time after deducting agreement conclusion and execution expenses (25 per cent).

More information

Terms and Conditions of the Consumer Credit with Insurance (PDF)

 

Main information on Insurance

This life insurance service is rendered by the life insurance company Bonum Publicum UAB.

How to apply for?

You have plans but lack  some funds for their implementation - fill in a consumer credit application and we will contact You in no time and provide  with the most favourable financing solution.

You can sign a consumer credit agreement at any  customer service point of Šiaulių Bankas throughout Lithuania. All You need is your and your spouse's  personal identification document (passport, ID card or permanent residence permit in Lithuania)  (if you conclude the agreement together).

You may choose the most convenient customer service point here.

Visit any customer service point

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.

Borrow responsibly - if you fail to meet your financial obligations, you can lose real estate pledged for the  credit. Improper execution of financial obligations can also adversely affect your credit history and increase borrowing costs.

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