Choosing SEB provides you with various benefits
A single consultant who will help you throughout the entire process
Remote application and signing of the agreement
Advice and consultancy which is highly appreciated by customers*
* Internal customer survey performed on January-December 2024, where customers rated their satisfaction with mortgage credit advice at 4.7/5
Feedback from our customers
“Clear information, smooth communication, answered all questions, favourably agreed home loan offer, clearly stated conditions, everything is great.”
Comment from our customer survey
“Information is provided quickly and qualitatively. The employees are very nice, explain everything well and are ready to help.”
Comment from our customer survey
“I felt genuine caring communication. All concerns were clarified.”
Comment from our customer survey
Check your opportunities to borrow and calculate the approximate loan amount you can get
Typical example for calculating annual percentage rate of charge (APRC)
If you receive a loan of EUR 100,000 that is secured by real estate and repay it over 25 years using the annuity method (300 monthly instalments), you will pay a total of EUR 166,874.41; have a monthly payment of EUR 547.91; the annual percentage rate of charge (APRC) will be 4.62%. The APRC shows the total cost of the loan and includes these costs:
- 4.3% variable interest;
- EUR 400 agreement fee;
- EUR 8.60 for mortgage registration;
- EUR 1 per month minimum fee for basic banking services;
- EUR 70 per year for home insurance
The APRC does not include the cost of property valuation or the fee charged by a credit intermediary.
The APRC and the total amount to be paid are calculated under these assumptions: the loan is paid out on the date the agreement is signed; the interest rate and fees stay the same during the whole loan period; you meet all the terms of the loan agreement on time.
We secure repayment of the loan by taking out a mortgage against the real estate you own or acquire in Lithuania. If you do not follow the loan agreement or fall behind on payments, you risk losing ownership of your mortgaged property. The mortgaged property must be insured in favour of the SEB bank throughout the loan term.
Find out how to refinance your home loan
- What are the requirements of SEB when refinancing a home loan under the simplified procedure?
- How can I apply for home loan refinancing?
- What documents do I need to submit if I want to refinance my home loan?
Responsible home purchase through green home loan
Our homes have a big impact on the environment. Our greenhouse gas emissions are significantly influenced by the amount of heat and electricity we use at home. As a result, we would like to encourage the construction and purchase of energy-efficient homes.
- Lower monthly bills
- Environmentally friendly
- Healthier home environment
- Long-term property value advantage
- Calculator
Check your opportunities to borrow and calculate the approximate loan amount you can get. - Consultation
Register for a home loan consultation. - Property valuation
Order a property valuation report which will identify the market value of and note other important information on the intended-to-buy real estate. - Loan application
Submit your loan application and specify your personal data.
What SEB offers
- We set interest rate individually
- Down payment from 15%
- Loan maturity up to 30 years
- 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
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
More about home loan
| Services | Charges |
|---|---|
| Annual interest rate | Fixed on individual basis |
Contract fee: loan issuance increase in loan amount | 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: |
|---|---|---|
- A change of fixed interest rate with variable interest rate and vice versa - A change of variable interest period | 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 | 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. You have to cover at least 15 per cent of the budget of the financed project with your own (not borrowed) money. | ||||||
| Amount and maturity | The amount and maturity of the loan depend on whether or not this will be your primary residence. | ||||||
| If you are borrowing for housing which is your primary residence | The loan amount may be up to 85 per cent of the market value or price (whichever is lower) of purchased housing subject to taking out a mortgage against it | Loan maturity up to 30 years (for home refurbishment up to 20 years) | |||||
| If you are borrowing for housing which is not your primary residence, also for a homestead, summer house or other similar properties | The loan amount may be up to 60 per cent of the market value or price (whichever is lower) of purchased housing subject to taking out a mortgage against it | Loan maturity up to 25 years (for home refurbishment up to 20 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 a mortgage loan is usually secured by taking out a mortgage against housing which is being purchased, repaired, built or reconstructed:
| ||||||
| 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
Example of the composite parts of a credit instalment and their change in both cases 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 |
For more information about a loan, lending terms and fees please contact us at +370 5 268 2800.
On our Internet Bank, you can conveniently manage your loan agreement yourself. You can:
- Change your loan payment date
- Update your repayment account
- Make a partial or full prepayment of your loan. Prepayment is available if you have a loan with variable interest rates. Or if you have chosen a credit with variable interest, which is set for an initial period and then varies over the life of the credit and the initial period has already ended.
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.
Which credit suits you?
Select your goal and we will help you to choose the right solution.
