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Generating electricity with solar panels and wind generators

Loan for improving home energy efficiency

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Eur 40,000

maximum amount

No fee

for early repayment

Max

7 years

term of credit

No collateral

or down payment

For what purchases is the loan for improving home energy efficiency? 

We apply an annual fixed interest rate from 4.9 % for the purchase and installation of:

  • a solar power plant or a part of a remote solar power plant
  • an air-to-water heat pump
  • geothermal heat pump

If you are planning other environmentally-friendly purchases for the purposes not listed in this section, please fill in the application and select “Environmentally friendly expenses“. The annual interest rates for such purchases start from 7.9 %.
 

Calculate the deal

Example of calculating the annual percentage rate of charge

If you received a EUR 5,000 consumer loan in euros for 5 years, the total amount payable by the consumer would be EUR 5,793.69, monthly payment will be EUR 94.30. The amount includes the consumer loan interest paid over the loan maturity (4.9 % interest rate was applied) the administration fee EUR 75 and the account maintenance fee EUR 1. In this case the annual percentage rate of charge would be 6.20 %. The annual percentage rate of charge and the total amount to be repaid by the borrower are calculated considering that the loan is disbursed on the agreement signature date, and that the terms of the agreement, the interest rate and fees do not change during the entire loan term, and the terms and conditions of the agreement are timely implemented. The annual percentage rate of charge is provided to help you compare different offers.

Annual interest rate from 4.9 %. Loan maturity from 12 to 84 months.

State support

  • The Environmental Projects Management Agency (APVA) provides support for private persons
  • You can compensate part of your investment to solar panels with state support
  • You will not depend on fluctuations in energy resources prices
  • You will contribute to a more sustainable environment
  • Check if support is currently available – click on "Learn more"

Simple to apply

  • Fill in the credit application and select the purpose “Improving home energy efficiency”. After receiving your application, we will request some additional information to prove your plans of improving home energy efficiency
  • After we make a positive decision, we will contact you with a proposal. We will sign the agreement in SEB internet bank
  • By signing the agreement, you will commit to buying and installing solar panels, air-to-water or geothermal heat pumps
  • We reserve a right to contact you and request to provide the documents proving you use the credit by its purpose
  • Please note that using a credit not by its purpose, may result in the increase of the annual interest rate up to 14 %

Which credit suits you

Select your goal and we will help you to choose the right solution

Home renovation and furnishing

 

Buying a car

 

Daily needs and larger purchases

 

Improving home energy efficiency

 

Home purchase or construction

 

Studying

 

More about consumer loan

Services Prices
Annual interest rate from 4.9 %
Contract fee 1,5 % of a relevant loan amount, min EUR 50
Amendment to terms and conditions of a loan agreement  EUR 30
Amendment to terms and conditions of a loan agreement, if performed on the Internet bank  EUR 0
Deferment of loan instalments  EUR 0
Loan prepayment fee free of charge


Example of calculating the annual percentage rate of charge

If you received a EUR 5,000 consumer loan in euros for 5 years, the total amount payable by the consumer would be EUR 5,793.69, monthly payment will be EUR 94.30. The amount includes the consumer loan interest paid over the loan maturity (4.9 % interest rate was applied) the administration fee EUR 75 and the account maintenance fee EUR 1. In this case the annual percentage rate of charge would be 6.20 %. The annual percentage rate of charge and the total amount to be repaid by the borrower are calculated considering that the loan is disbursed on the agreement signature date, and that the terms of the agreement, the interest rate and fees do not change during the entire loan term, and the terms and conditions of the agreement are timely implemented. The annual percentage rate of charge is provided to help you compare different offers.
Annual interest rate from 4.9 %. Loan maturity from 12 to 84 months

Basic lending conditions

Requirements for the borrower

Loans are available to adult nationals of the Republic of Lithuania and individuals with a permit of permanent residence in Lithuania who are receiving permanent income, in particular:

  • wages
  • other regular income received under author's agreements, from business activity, lease and otherwise supported by relevant documentation

Amount and maturity

The amount of the loan depends on the family's financial ability to repay the loan and may be as follows:

  • from EUR 500 to 20,000 (if one person's income is assessed)
  • from EUR 500 to 40,000 (if the family income is assessed)

Loan maturity may range from 12 months to 7 years.
Upon taking a decision to issue a loan, we transfer money to your indicated account with SEB Bank immediately. i.e. on the contract conclusion date.

Collateral

To obtain a consumer loan, no property pledge is required.

Grace period

If you are facing an emergency, you can file us a request to postpone payment o instalments without changing the final loan maturity date. During the grace period only interest is payable.

Emergency: Grace period:
you lose job up to 3 months
your income drops up to 3 months
family loses breadwinner (spouse) up to 3 months
you become ill or have an accident which has kept you off work for more than 2 months up to 3 months
divorce up to 3 months
in case of compulsory initial military service within the entire period of compulsory military service

Example of calculating the annual percentage rate of charge

If you received a EUR 5,000 consumer loan in euros for 5 years, the total amount payable by the consumer would be EUR 5,793.69, monthly payment will be EUR 94.30. The amount includes the consumer loan interest paid over the loan maturity (4.9 % interest rate was applied) the administration fee EUR 75 and the account maintenance fee EUR 1. In this case the annual percentage rate of charge would be 6.20 %. The annual percentage rate of charge and the total amount to be repaid by the borrower are calculated considering that the loan is disbursed on the agreement signature date, and that the terms of the agreement, the interest rate and fees do not change during the entire loan term, and the terms and conditions of the agreement are timely implemented. The annual percentage rate of charge is provided to help you compare different offers.
Annual interest rate from 4.9 %. Loan maturity from 12 to 84 months.

For more information about a loan, lending terms and fees please contact us at  +370 5 268 2800.


The total amount of monthly instalments paid to various credit institutions should not exceed 40 per cent of your total monthly net income.

Borrowing is always associated with the risk of being unable to fulfil your assumed obligations properly and in due time, so based on our long-term lending practices, we analyse the situation of every applicant with care and responsibly assess their capacity to repay the loan.

Before you decide to apply for a loan, consider the borrowing-related risks. Use the consumer loan calculator to calculate a loan installment that you could pay the bank every month without difficulty and read the list of documentation required to obtain a loan.

The bank has the right to refuse awarding you a loan after it has analysed the available information about you.

We recommend that before you sign any financial service agreement you read the service terms carefully and consult the staff of the bank if you need to.

What SEB offers

  • No collateral required
  • Money to your account immediately
  • SEB Loan Protection keeps you safe from the unexpected
  • No fee for early repayment

Increases your sense of security when taking a loan

  • Increases your sense of security in performing your loan obligations
  • Will protect yourself in case of unexpected events