Urbo Bankas provides mortgage loans to:

• Citizens of the Republic of Lithuania or holders of a permanent residence permit in Lithuania;
• Are 21 years or older;
• Persons who receive a fixed income;
• Persons whose monthly payments of total financial obligations do not exceed 40% of their fixed income.

• The maximum loan amount depends on the purpose of the loan, the market value of the mortgaged property, the customer’s/family’s fixed income and financial obligations;
• We finance up to 85% of the price of the mortgaged residential property or the market value, whichever is lower;
• We finance up to 70% of the price of the mortgaged non-residential property or the market value, whichever is lower.

• Euro (EUR);
• United States (US) Dollar (USD);
• British Pounds Sterling (GBP);
• Norwegian Krone (NOK);

The currency of your income and the currency of the country in which you reside must be the same as the currency of the loan.

Any real estate registered in the territory of Lithuania, acceptable to the bank, with a market value sufficient to secure the customer’s obligations under the loan agreement may be used as collateral.

Additional terms and conditions:

• Collateral – pledge of real estate acceptable to the bank;
• The mortgaged real estate must be appraised by independent valuers;
• The collateral must be insured in favour of the bank for the full term of the loan plus an additional 2 months at replacement cost.

There are two ways to repay the loan: on an annuity or linear basis.

• Annuity method is a loan repayment and interest payment method, where the borrower pays the bank fixed instalments throughout the interest-fixing period specified in the special terms and conditions of the agreement, which shall consist of the repaid share of the loan and the calculated interest.

• Linear method is a loan repayment and interest payment method, where the loan is repaid in fixed instalments and interest paid is calculated on the outstanding portion of the loan.