Frequently asked questions

Urbo Bank offers the following consumer loans:

• Consumer loan;
• Home improvement loan;
• Car loan.

Loans for consumption, home improvement or cars are available at Urbo Bank to:

• Citizens of the Republic of Lithuania aged 21 and over with a stable income (at least 6 months);
• Individuals whose monthly financial obligations do not exceed 40% of their fixed income.

The loan will be credited to your bank account on the next working day at the latest.

Consumer and car loans have a maximum repayment term of up to 7 years, while home improvement loans have a maximum term of up to 10 years. The loan is repaid in monthly instalments.

If you have a bank account with Urbo Bank, make sure that your bank account has a sufficient balance to cover the payment on the due date.

If you do not have a bank account with Urbo Bank, you can make a payment transfer from your bank account to the loan servicing account, the number of which can be found in the special section of the credit agreement or by logging in to your Urbo Bank online banking personal account.

A loan amount up to EUR 15,000 can be paid in cash.

• If the loan is for personal use (only the borrower applies), the maximum amount available is EUR 20,000.
• If the loan is for co-applicants (family) use ( the borrower and the co-applicants apply), maximum amount available is EUR 30,000.

If you are unable to pay your loan instalments on time, please contact the Bank immediately to discuss possible solutions.

Yes, you can repay the loan at any time. There is no additional fee for early repayment.

Yes, you may still be eligible for a consumer loan, home improvement loan or car loan, even if you have other financial obligations, after the Bank has verified and assessed your income and the size of your existing liabilities.

You can apply for an Urbo Bankas consumer loan for your personal or family needs by submitting an online application. In most cases, we provide a lending decision within one hour. No collateral is required for this loan—you do not need to pledge real estate or any other assets.

The annual interest rate reflects only the cost of borrowing money. The APR (Annual Percentage Rate) represents the total annual cost of the loan, including the interest rate as well as any applicable bank fees and charges. It provides a more complete picture of the overall cost of the loan.

Yes. You have the right to repay all or part of your consumer loan early, before the end of the loan term specified in the agreement, without any additional fees or penalties.

Once your application has been approved, you simply need to sign the loan agreement remotely (for example, using Smart-ID or a mobile signature). In most cases, the funds are transferred to your designated bank account immediately, but no later than one business day after the agreement has been signed.

If you experience temporary financial difficulties, do not delay—contact the bank as soon as possible. In many cases, the bank may be able to offer a payment deferral or review your repayment schedule. If you fail to meet your repayment obligations on time, late payment charges may apply, and the missed payments may negatively affect your credit history.

No. Urbo Bankas Home Renovation Consumer Loan is provided as a consumer loan, so you do not need to pledge your apartment, house, or any other real estate as collateral.The loan is available for up to EUR 20,000 for individual borrowers, or up to EUR 30,000 when applying with a co-borrower.

A home renovation consumer loan is typically approved more quickly than a home mortgage. It does not require real estate to be pledged as collateral or a property valuation.

In most cases, no. For a home renovation consumer loan (without real estate collateral), we do not require you to submit a detailed renovation budget in advance or provide receipts for construction materials, furniture, or other renovation-related purchases after the loan has been disbursed.

Yes. Having an existing home mortgage with another bank does not prevent you from obtaining a home renovation consumer loan, provided that your income is stable and received on a monthly basis, you have no overdue debts, and your total monthly loan repayments do not exceed 40% of your income.

Please note that each application is assessed individually, and the final lending decision is based on your overall financial situation and creditworthiness.

Yes. You may repay all or part of your home renovation loan at any time before the agreed maturity date, without any penalties or additional fees.

No. Unlike leasing, Urbo Bankas Car Consumer Loan does not require a down payment or CASCO insurance. In addition, there are no restrictions on the vehicle's mileage or age.

Yes. The car is registered in your name and becomes your property immediately upon purchase. As this is a consumer loan, you do not need to pledge the vehicle as collateral to the bank.

Yes. The loan funds are transferred to your personal bank account, allowing you to purchase a vehicle from any seller, including a car dealership, car market, or private individual.

Yes. You may repay all or part of your car loan early, before the end of the agreed loan term, without any additional fees or penalties.