We want you to pursue your goals with care
Check your opportunities to borrow and calculate the approximate loan amount you can get
Typical example for calculating annual percentage rate
If a loan of EUR 100,000 secured by real estate collateral is granted for the period of 25 years and 300 loan instalments based on the annuity method will be made, the total amount to be paid by such borrower will make EUR 166,874.41, monthly instalment – EUR 547.91. The annual percentage rate will make 4.62 per cent. Annual percentage rate showing the total cost of a loan is calculated by including the below instalments made within the entire loan period:
- 4.3 % variable interest
- EUR 400 agreement fee
- EUR 8.6 mortgage (pledge) registration fee
- EUR 1 per month minimum fee for main banking services
- EUR 70 dwelling insurance annual premium
Note. Property valuation costs and the commission for the services provided by a credit intermediary are not included.
Annual percentage rate and the total amount to be paid by the borrower are calculated considering that the loan is disbursed on the agreement signature date and that the terms of the agreement, interest rate and fees do not change within the entire loan period, and the terms and conditions of the agreement are timely implemented. If you fail to fulfil or unduly fulfil the terms of the loan agreement, the risk exists that you may be deprived of the ownership right to the pledged real estate. The mortgaged real estate must be insured in favour of the bank during the entire loan period.
What SEB offers
- Interest rate is set individually
- Possibility to delay principal payments
- You can make a full or partial loan early repayment in the internet bank, as well as conveniently change monthly payment date and account
More about home equity loan
| Services | Charges |
|---|---|
| Annual interest rate | Fixed on individual basis |
Contract fee:
| 0.4 % of the loan amount, at least EUR 200 No fee applies for Green home loan No fee applies for simplified refinancing as indicated in the Law on Real Estate Related Credit |
| Commitment fee | 0.4 % per year of the undisbursed loan amount No fee applies for simplified refinancing as indicated in the Law on Real Estate Related Credit |
| Fee for a consent to provide a second ranking pledge of property to another creditor | EUR 150 No fee applies for simplified refinancing as indicated in the Law on Real Estate Related Credit |
| Amendment to terms and conditions of a loan agreement in case of: | If variable interest rate is applied: | If fixed interest is applied: |
|---|---|---|
| 0.4 % of outstanding loan, at least EUR 200 | Year(s) until expiry of fixed interest rate period - Percent of outstanding loan, at least EUR 200 |
| Up to 5 years (inclusive) - 1.5 % | ||
| 6–10 years(inclusive) - 3 % | ||
| A change of variable interest rate margin or fixed interest rate | 0.4 % of outstanding loan, at least EUR 200 No fee applies for simplified refinancing as indicated in the Law on Real Estate Related Credit | |
| A change of payment day | Free of charge | |
| A change of repayment account | Free of charge | |
| Loan deferment | Free of charge | |
| Other amendments to the terms and conditions of the loan agreement | EUR 200 |
Prepayment fee
| At variable interest rate“, and the text from “not applied | Free of charge |
| At fixed interest rate | Statutory fee (The Rules for Calculation of Compensation), however, not more than 3% of the amount of the prepaid loan or any part thereof. Free of charge on fixed interest period expiry date. |
Other services
| Documentation related to a credit agreement: certifications, official letters, consents, permissions, approvals | EUR 30 |
| Uninsured Collateral Administration Fee (applied if a collateral is a residential real estate object) | EUR 20 / month The fee is charged if the collateral is not insured for more than 30 days |
| Discharge of mortgage through VĮ Registrų centras system | The fee by VĮ Registrų centras in www.registrucentras.lt/p/1527 |
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:
The total amount of monthly instalments paid to various credit institutions should not exceed 40 per cent of your total monthly net income. | |||||
| Amount and maturity | The amount and maturity of the loan depend on the value of mortgaged property – we can lend you an amount equalling 60 per cent of the value of mortgaged property. The available maturity is up to 15 years. The loan amount also depends on the assessment of the family’s financial capacity to repay the loan. | |||||
| Currency | Loans are available in euros. | |||||
| Interest | When concluding a credit agreement, you may choose the type of interest rate - variable, fixed or a combination of the two. Variable interest is interest that consists of a margin and a variable interest component. It consists of the bank's margin, set individually for you, and the 3, 6 or 12-month EURIBOR interbank interest rate of your choice. The EURIBOR variable interest component is first set on the date of disbursement of the first instalment of credit and remains in force until the next interest reset date. On the other interest reset dates, the variable interest component is reset anew. The variable interest component is determined by reference to the EURIBOR value applied two business days before. If the value is negative, the variable interest component is considered to be zero. Fixed interest is interest where you are individually given a specific fixed interest rate for an agreed credit period. The fixed interest rate can be set for the entire credit period, if the credit period is up to 10 years, or for a partial credit period of 2, 3, 5 or 10 years of your choice. If the credit period is longer than the chosen fixed-rate period, a combination of fixed and variable interest is applied, with variable interest being charged at the end of the fixed-rate period. The annual interest rate is established individually, having evaluated your financial possibilities, the credit amount, your own share, the credit market situation, and how often and what our services you use. The interest rate is calculated of the outstanding credit amount, assuming that a year has 360 days. | |||||
| Securities | Repayment of the loan is normally secured by taking out a mortgage against housing. Requirements:
| |||||
| Loan repayment | Once the bank has disbursed the funds of the loan, your instalments will be debited from your chosen account on the agreed payment dates. The first instalment is interest only. Repayment methods
If you can afford higher instalments from the beginning, it is worth choosing the linear method because the amount of interest paid will be lower over the whole term. | |||||
| 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 6 months |
| your income drops | up to 6 months |
| family loses breadwinner (spouse) | up to 12 months |
| you become incapacitated, partially incapacitated or become ill and can’t work for more than 2 months | up to 12 months We recommend aligning the credit grace period with the period you can’t work |
| childbirth | up to 6 - 12 months |
| aftermath of fire or other natural disasters | up to 12 months |
| you start studying | up to 3 months |
| divorce | up to 6 months |
| in case of compulsory initial military service | within the entire period of compulsory military service |
On our Internet Bank you can conveniently manage your loan agreement on your own:
- change the loan payment day
- change the repayment account
- make a partial or full loan prepayment, if the credit is issued at variable interest rate that varies all throughout the loan period or at variable interest rate which is established for the initial period and which, upon expiry of the initial period, varies throughout the remaining loan period, and if the initial period has expired
To change any other terms and conditions of the agreement, on the Internet Bank please submit your application for amending the agreement by selecting the required loan in “My credits“ and then go to "Other changes".
Documents required from you and your spouse:
- Loan application
- Personal identity documents (passport of a Lithuanian national or personal identity card)
- Consents to retrieving your data from external databases
Additional documents that may be required:
- Statements on wages from the last 12 months (on the employer's letterhead signed by the head and CFO of the company and sealed)
- Employment contracts
- A tax return approved by the State Tax Inspectorate if you are a sole proprietor
- Copyright contracts, if part of your income is generated under such contracts
- Other certificates or documents which testify to your family income
Additional documentation that may be required if you apply for a loan to build or reconstruct a home:
- Contract for works if the works are performed with a contractor
- Construction permit and other design documentation
- Documents testifying to the title to a parcel of land or leasehold interest
- Cost estimate for construction or reconstruction work and timetable for completion of the work
In each individual case we may ask you for more documentation.
For more information about a loan, lending terms and fees please contact us at +370 5 268 2800
Borrowing is always associated with the risk of being unable to fulfil your assumed obligations properly and in due time, so before you decide to take out a loan, consider this risk carefully.
Use the home loan calculator to calculate a loan instalment that you could pay the bank every month without difficulty and consider the risk of decreased income. We also recommend considering the risk of increased instalments related to a rise in the interest rate and the risk of borrowing in a foreign currency.
According to the Responsible Lending Regulations of the Bank of Lithuania, we will provide you with instalment samples and other information related to concluding a loan agreement before signing the loan agreement. Please compare the different offers and make an informed decision.
Please note that you need to take out a mortgage against property to secure repayment of the loan. If the assumed financial liabilities are not fulfilled, there occurs a risk to lose title to the property.
The bank has the right to refuse giving out a loan.
Want to consult?
Our experts will help you
Our experts will help you
- You can get a video consultation online
- During the consultation, we will discuss your needs and the kind of home you want to buy
- If you haven't chosen a property yet, we'll help you better understand your needs
- We will discuss your personal and family options (income and liabilities) and help you to find solutions to buy your own home
- Documents required: personal documents (ID card or passport), information about the property you have chosen (price, area, neighbourhood, if available, valuation report of the property you want to buy).
Safe Loan Insurance
- In case of any illness, injury or job loss, you will be paid periodic benefits equal to the credit instalment or selected portion hereof paid by you
- In case of any severe accident, your immediate family will be protected against all outstanding financial obligations or any portion thereof
- It will help you and your family meet all financial obligations and retain rights to your home or other assets
Which credit suits you?
Select your goal and we will help you to choose the right solution.
