General loan conditions
- Down payment from 15 %
- Loan period up to 30 years
- The minimum amount of a home loan starts from EUR 20,000
- The loan amount may not exceed 85 % of the value or price of the pledged assets (whichever is lower)
Loans with state subsidies
State subsidy for young families and persons with smaller income
- Loans for young families and persons meeting the criteria laid down in the Law on Support for the Acquisition or Rent of Housing of the Republic of Lithuania;
- Loan can be granted for the acquisition, construction or reconstruction of residential property;
- The support amounts to 15 %-30 % from the granted loan amount;
- Maximum loan amount:
- EUR 53,000 for an individual without family (for housing acquisition or construction);
- EUR 87,000 for a family of two or more members (for housing acquisition or construction);
- EUR 35,000 for reconstruction of the owned residential property, irrespective of the family size. - The amount of a granted mortgage depends also on results of the assessment of financial capacity to fulfil the obligations established in the loan agreement. Minimum loan term is 5 years;
- Decision on compliance of a borrower with the criteria for eligibility to state support is adopted by the municipality, in which the borrower declared his/her place of residence. A certificate of the established form issued by the municipality must be submitted to the bank within 15 calendar days from the day of its issue.
State subsidy for young families and persons in regions
- Loans for young families and persons meeting the criteria established in the Law on Financial Support to Families for the Acquisition of Their first Home of the Republic of Lithuania
- Loan can be granted for the acquisition of residential property
- The maximum price and value of the purchased property must not exceed EUR 120,000
- The support amounts to 10 %-15 % from the granted loan amount
- For young families without children or with 1 child – 10 %
- For young families with 2 children – 12,5 %
- For young families with 3 and more children – 15 % - Maximum loan amount is EUR 87,000
- If the loan required for home acquisition is over EUR 87,000, additional loan amount without state support can be granted
- The amount of a granted mortgage depends also on results of the assessment of financial capacity to fulfil the obligations established in the loan agreement
- If property is sold before the term of 5 years expires, the state support should be repaid
- Further information about the requirements for property to be acquired is available in the Law on Financial Support for Families for the Acquisition of Their First Home of the Republic of Lithuania here
Decision on compliance of a borrower with the criteria for eligibility to state support is adopted by the municipality, in which the borrower declared his/her place of residence. A certificate of the established form issued by the municipality must be submitted to the bank within 15 calendar days from the day of its issue.
