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Agreement fee (1)
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0.5% of loan amount or additionally disbursable amount, min. €100
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Agreement amendment fee (2) (3) (4)
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€200
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Changes to credit agreement in case of restructuring
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€100
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Change of loan monthly repayment date or loan repayment account
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– once in a calendar year
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Free
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– as of the second change in one calendar year
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€20
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Payment holidays
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Free
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Early loan repayment if interest rate is floating
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Free
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Early full or partial loan repayment if the interest rate is set for a period exceeding 12 months
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The fee is calculated in accordance with the procedure set out in the Rules for calculating the compensation (Kompensacijos skaičiavimo taisyklėse) approved by the Bank of Lithuania as compensation for potential costs of the bank directly linked to the early repayment. The amount of the early repayment fee may not exceed 3% of the amount of the credit repaid early unless otherwise specified in the agreement.
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Other fees
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Reference for re-pledge assets to another credit institution
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€150
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Preparation of standard documents (e.g. bank's approvals to state institutions and consents related to the property) (5)
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€35
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Penalty for failure to submit the insurance policy of the collateral
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€100
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(1) Different conditions can be applied if purchase agreement is signed with Luminor partners.
(2) For example, changes in payment schedule (excluding change of loan monthly repayment date), waiver of the part of mortgage, loan issuance conditions, loan currency etc.
In case the interest rate under the agreement is fixed for longer than 12-month term and its validity is terminated as a result of changing the terms and conditions of the agreement, then an additional fee is applied which is equal to the early repayment fee applied to loans with interest rate fixed for longer than 12-month term (see “Early repayment fee”). In such cases, the calculation of the fee is based on the loan amount with the changed terms and conditions but not on the pre-paid loan amount. The validity of the interest rate fixed for longer than 12-month term is considered to be terminated in the following cases:
- the interest rate fixed for longer than 12-month term is changed into the interest rate changed on a 3, 6 or 12 month basis;
- the interest rate fixed for longer than 12-month term is changed into a lower interest rate fixed for longer than 12-month term;
- the loan currency is changed;
- the effective period of the interest rate fixed for longer than 12-month term is shortened;
- the loan amount provided by the agreement is reduced (or the entire loan amount is not drawn-down).
(3) If the early repayment of the loan takes place at the same time as the reduction of the repayment term, as a result of which the monthly payment is not increased, no commission fee shall be applied.
(4) In case of complex amendment up to 0.2% of loan balance.
(5) The issuance of documents is free of charge in the cases indicated by the laws of the Republic of Lithuania, where information must be provided free of charge.
More information about Housing loan can be found here and about Idea loan here.
