Mortgage loans on particularly favourable terms
The loan amount is up to 85% of the property value
Lending to people working in countries outside the euro area
The loan repayment period is up to 30 years
Choice of variable or 5-year fixed interest rate*
Mortgage loan calculator
Credit amount
Period
Credit amount
Period
Preliminary average monthly payment
111 €
Typical example with variable interest rate
If a mortgage loan of EUR 85 000 is granted for a term of 25 years, using the annuity method, with a variable interest rate of 4,65%, a one-time contract administration fee of EUR 425, a fee for registering a pledge of the property at the State Enterprise Centre of Registers of the Republic of Lithuania of EUR 8,60, and a fee of EUR 2 for the transfer of the loan proceeds, which would bring the total amount payable by the borrower to EUR 143 916,01 with an annual interest rate on the total amount of the loan at 4,80 %. The total number of payments is 300 and the monthly payment is EUR 479,72. The cost of notarial services, property valuation and home insurance are not known to the bank and are therefore not included in the overall model for calculating the annual percentage rate of charge.
A loan is only granted if the fulfilment of the obligations under the loan agreement is secured by a mortgage on immovable property. If you do not fulfil or do not properly fulfil the terms and conditions of the loan agreement, you are at risk of losing ownership of the mortgaged property and impairing your ability to borrow in the future. The mortgaged real estate must be insured for the benefit of the bank throughout the life of the loan.
Preliminary average monthly payment
111 €
Typical example with five-year fixed interest rate
If a mortgage loan of EUR 85 000 is granted for a term of 25 years, using the annuity method, the interest rate that is determined for the initial period of five years is 4.12 %, after five years the variable annual interest rate is 4.90 percent. a one-time contract administration fee of EUR 425, a fee for registering a pledge of the property at the State Enterprise Centre of Registers of the Republic of Lithuania of EUR 8,60, and a fee of EUR 2 for the transfer of the loan proceeds, which would bring the total amount payable by the borrower to EUR 143 575,08 with an annual interest rate on the total amount of the loan at 4,72 %. The total number of payments is 300 and the monthly payment for the first five years – EUR 455,18, and after that – EUR 486,38. The cost of notarial services, property valuation and home insurance are not known to the bank and are therefore not included in the overall model for calculating the annual percentage rate of charge.
A loan is only granted if the fulfilment of the obligations under the loan agreement is secured by a mortgage on immovable property. If you do not fulfil or do not properly fulfil the terms and conditions of the loan agreement, you are at risk of losing ownership of the mortgaged property and impairing your ability to borrow in the future. The mortgaged real estate must be insured for the benefit of the bank throughout the life of the loan.
Preliminari didžiausia galima paskolos suma
111 €
Typical example with variable interest rate
If a mortgage loan of EUR 85 000 is granted for a term of 25 years, using the annuity method, with a variable interest rate of 4,65%, a one-time contract administration fee of EUR 425, a fee for registering a pledge of the property at the State Enterprise Centre of Registers of the Republic of Lithuania of EUR 8,60, and a fee of EUR 2 for the transfer of the loan proceeds, which would bring the total amount payable by the borrower to EUR 143 916,01 with an annual interest rate on the total amount of the loan at 4,80 %. The total number of payments is 300 and the monthly payment is EUR 479,72. The cost of notarial services, property valuation and home insurance are not known to the bank and are therefore not included in the overall model for calculating the annual percentage rate of charge.
A loan is only granted if the fulfilment of the obligations under the loan agreement is secured by a mortgage on immovable property. If you do not fulfil or do not properly fulfil the terms and conditions of the loan agreement, you are at risk of losing ownership of the mortgaged property and impairing your ability to borrow in the future. The mortgaged real estate must be insured for the benefit of the bank throughout the life of the loan. The specific terms of financing are determined individually and depend on the results of the client’s creditworthiness assessment.
Preliminari didžiausia galima paskolos suma
111 €
Typical example with five-year fixed interest rate
If a mortgage loan of EUR 85 000 is granted for a term of 25 years, using the annuity method, the interest rate that is determined for the initial period of five years is 4.68 %, after five years the variable annual interest rate is 5.81 percent. a one-time contract administration fee of EUR 425, a fee for registering a pledge of the property at the State Enterprise Centre of Registers of the Republic of Lithuania of EUR 8,60, and a fee of EUR 2 for the transfer of the loan proceeds, which would bring the total amount payable by the borrower to EUR 155 449,04 with an annual interest rate on the total amount of the loan at 5,52 %. The total number of payments is 300 and the monthly payment for the first five years – EUR 482,03, and after that – EUR 531,77. The cost of notarial services, property valuation and home insurance are not known to the bank and are therefore not included in the overall model for calculating the annual percentage rate of charge.
A loan is only granted if the fulfilment of the obligations under the loan agreement is secured by a mortgage on immovable property. If you do not fulfil or do not properly fulfil the terms and conditions of the loan agreement, you are at risk of losing ownership of the mortgaged property and impairing your ability to borrow in the future. The mortgaged real estate must be insured for the benefit of the bank throughout the life of the loan. The specific terms of financing are determined individually and depend on the results of the client’s creditworthiness assessment.
Basic terms and conditions of a mortgage loan
Do you already own a home? We will help you make your other plans a reality!
Consumer loan, home improvement or car loan
- Achieve your or your family goals with a consumer loan from Urbo bankas for up to EUR 20 000 and 7 years.
- Furnish or renovate your home with a home improvement loan from Urbo bankas for up to EUR 25 000 and 10 years.
- If you repair your car every month, maybe it is time to buy a new one? A car loan from Urbo bankas for up to EUR 20 000 and 7 years.
Have a mortgage loan? You may find this information relevant
Reduce the costs by refinancing your mortgage!
Simplified mortgage loan refinancing allows to quickly transfer your mortgage loan under the following terms and conditions without any additional obstacles:
- Keeping the outstanding loan balance.
- Using the same property as collateral.
- Maintaining the same duration of the loan agreement.
- Keeping up with your financial obligations under your existing loan agreement (no overdue payments).
Frequently asked questions
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.
You can preliminarily assess your possibilities and find out how much you could borrow for a home using the "Urbo" mortgage loan calculator.
- The maximum mortgage 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.
The valuation of the collateral is carried out by independent partners of "Urbo" bank
