Mortgage loan

It is very common in Lithuania to buy property by taking a mortgage loan from a bank. The size of the loan depends on your income, current financial obligations, value of the mortgaged property and other factors. The loan repayment term is up to 30 years; there are several loan repayment methods. Normally, when taking a loan, the bank requires the purchaser to pay a down payment (at least 15 per cent of the value of the property).

Banks, when taking decisions whether to give a loan for a property or not, normally take into account such things as income, work contract, age, the value of a property, family situation etc. Normally, it is required to have a work contract in Lithuania for at least 6-12 months, before taking a loan. Depending on the loan amount, your income after tax must be at least EUR 350 per month, or from EUR 724 per month if the loan is made to co-borrowers. Mortgage of an immovable residential property is required.

Some banks have stricter policies when giving loans to a foreigner: they might require a bigger down payment or might finance a smaller percentage of the property value. Our advice would be to consult with several banks in Lithuania which will assess your personal information and will provide with their offers.

Information updated: 2018-10-25

How can I get a mortgage loan? Am I eligible to a loan if I receive an income from abroad? 

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