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Private

Secure Mortgage Loan

Would like to borrow money to purchase, build, improve or reconstruct a home, but are worried whether you’ll manage to repay the loan should any financial difficulties occur? We can offer you a number of instruments for a secure mortgage loan so that if your financial situation deteriorates, your household expenses rise unexpectedly or interest on the mortgage loan increases, you are still able to repay the loan and don’t lose the property.

Interest fixation provides protection from changes in interest rates for a certain period of time

A fixed interest rate should be selected in such case if:

  • your income fluctuates or it is very difficult to predict it
  • loan instalment makes a large portion of your income and it is difficult to expect larger income in future

The fixed interest rate may be applied if the loan repayment period does not exceed 10 years. It is approved on the agreement signature date and does not change within the entire loan period. Thus, in case of any changes in the market, your loan interest rate remains unchanged within the entire loan period.

Based on your request, the fixed interest rate may be applied only for the specified portion of the loan, instead on the total loan. In such case, a variable interest will be applied on one portion of the loan, and the fixed interest rate – on the other portion of the loan

Grace period is a chance to postpone payment of instalments in emergencies

If you are facing an emergency, you can file us a request to postpone payment of 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 by 50 per cent up to 6 months
aftermath of fire or other natural disasters up to 6 months
childbirth
  • up to 12 months if the child is raised by a single parent
  • up to 6 months if the child is raised by both parents
you start studying up to 3 months
divorce up to 3 months
family loses breadwinner (spouse) up to 12 months
you become ill or have an accident which has kept you off work for more than 2 months up to 12 months or longer (subject to specific circumstances)
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 3,000  consumer loan in euros for 5 years, the total amount payable by the consumer would be EUR 4,095.80, monthly payment will be EUR 66.73.
The amount includes the consumer loan interest paid over the loan maturity (12 per cent interest rate was applied) the administration fee EUR 50 and the account maintenance fee EUR 0.70.
In this case the annual percentage rate of charge would be 14.03 per cent. The annual percentage rate of charge is provided to help you compare different offers.

For more information about the loans and the terms and rates please call our 24/7 line +370 5 268 2800 or visit a SEB bank unit of your choice.


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.

 

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