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 making decisions about 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. When considering a loan it's important to note that monthly payments to the bank shouldn't be bigger than 40% of monthly income.

Some banks have stricter policies when giving loans to foreign citizens: 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 you with their offers.

Information updated: 2024-02-15

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

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