It is nice to have your own place not only under the Sun but also under the roof!
Why is a mortgage loan attractive?
• You can take the whole credit amount in parts over the period of 12 months, according to your needs;
• After taking the whole credit amount, you can defer beginning of credit repayment for further 12 months;
• Credit can be repaid before the set deadline in the agreement without an advance repayment fee;
• A preliminary answer, whether the bank will grant you a credit, will be provided at once.
Who could apply for the mortgage loan?
• citizens of the Republic of Lithuania or individuals who have a permit for residence in Lithuania issued by the Migration Service of the Republic of Lithuania,
• individuals over 18;
• individuals with the regular income.
What is amount, currency and term of the mortgage loan?
• credit amount depends on client’s or his/her family income, value of the acquired home and value of the pledged property;
• mortgage loan could be granted in litas or euros.
• A minimal mortgage loan period is 1 year.
• A maximal mortgage loan period is 30 years.
What are terms of the mortgage laon granting?
more than 50% of monthly income cannot be allocated to mortgage loan monthly instalment and to other financial liabilities.
Credit repayment is secured by putting real estate in pledge (mortgage):
1. putting a house under construction in pledge, construction has to be completed not less than 50%. If another real estate is put in pledge, too, such construction works of the house as upbuilding of the foundations and basement and foreseen engineering network have to be completed;
2. putting a flat under construction in pledge, construction of the house has to be completed not less than 70%:
insuring your Mortgage loan at “Būsto paskolų draudimas” UAB you will be granted a credit of 100 per cent of the house/flat value (price) in case you meet the requirements set for Insurer and mortgage loan by “Būsto paskolų draudimas” UAB.
Credits with the variable interest rate - annual interest rate is pegged to EURIBOR or VILIBOR and is changed every 3, 6 or 12 months, depending on your choice; interest rate is equal to corresponding EURIBOR to which bank’s margin is added or VILIBOR to which bank’s margin is added.
How to repay the mortgage loan?
• Linear - credit is repaid every month in equal instalments, interest is payable every month from the actual credit balance (thus, in time, the whole monthly instalment reduces);
What documents should be submitted in order to apply for the mortgage loan?
• An application;
• The applicant’s and his or her spouse’s personal identification document;
• Copies of the agreements of financial liabilities to physical and legal entities (loan, leasing, insurance agreements, alimonies, etc.) of the applicant’s and his or her spouse’s;
• Documents, which are necessary for real estate construction or restoration (title-deed, permit, project, agreement of works, schedule, estimate);
• Documents, which are necessary to put real estate in pledge.
You are welcome to come to every branch or client service centre of Šiaulių bankas to fill the application form. The credit application form could be also filled on electronic banking system SB linija.
