Mortgage loan
benefits
Flexible disbursement
The full amount of loan can be disbursed in instalments over a period of 12 months, as needed.
Repayment deferral for up to 12 months
If necessary, you can postpone the repayment of the loan for up to 12 months from the date of signing the agreement – during this period you will only pay interest.
Free early loan repayment
Early repayment of the loan is possible free of charge on the interest rate change date.
Special terms for new homeowners
We will offer special terms for those choosing services of our partners.
Calculator
The specific terms of financing are determined individually and depend on the results of the client’s creditworthiness assessment.
If you took out a mortgage loan of EUR 90,000 for a period of 30 years with a variable interest rate of 5.93 per cent, where the payments are made on an annuity basis and you paid a one-off agreement administration fee of EUR 360, the annual percentage rate of charge would be 6.13 per cent and you would repay the total loan amount of EUR 193,158.64. The total number of mortgage payments – 360; monthly payment amount – EUR 535.55.
Annual percentage rate of charge is calculated based on the following assumptions: (I) the loan agreement remains in force for the entire agreed period and no amendments to its terms are made; (II) the loan is disbursed in full and immediately; (III) the parties properly fulfil their obligations on terms and conditions of the loan agreement; (IV) the interest rate specified in this example is applied throughout the effective period of the loan agreement, which, including other amounts payable, remains the same as at the time of concluding the loan agreement and applies until the end of the loan agreement; (V) no payment holiday is applied; (VI) the loan is not repaid before its maturity date. Costs of which the Bank is not aware are not included in the sample calculation of the total annual percentage rate of charge.
Easily manage your application
If you have started filling out your application but haven’t submitted it yet, or if you want to add or edit information, you can do so conveniently by logging into the application management system.
Already have
a home loan?
Find out more about home loan refinancing options at Artea Bank.
Steps to
buying a home
Before starting your property search, assess your financial situation and outlook objectively. Calculate your income and evaluate your expenses.
Use the mortgage loan calculator for an initial assessment of your borrowing capacity.
Detailed information about housing finance will be provided by bank staff who will help you make an informed decision, so we look forward to seeing you at our branches across Lithuania.
To assess the financial capacity of the applicant and their family, please complete a loan application. You can do this at any Artea Bank branch.
Documents required with the loan application:
- identity documents of you and your spouse or co-borrower;
- documents confirming receipt of any additional income or income earned outside an employment contract in Lithuania by you and your spouse or co-borrower;
- if applicable – a property valuation report.
All assets pledged to the bank must be valued before the bank makes a decision. You can view the bank’s recommended list of independent (external) valuers here.
In certain cases, if the property is being purchased directly from the developer, valuation may not be required – further information will be provided during the consultation.
We will inform you of the loan decision via your preferred method – by phone or email.
Once you receive the bank's loan offer, review it carefully, familiarise yourself with the lending conditions, and note any questions you may have. You will be able to discuss everything with the bank employee handling your application.
Depending on your situation, the loan agreement can also be signed after the conclusion of the sale and purchase agreement.
The agreement is concluded and certified at the notary’s office. You will need the following documents:
- identity documents of you and your spouse or co-borrower;
- loan agreement or a letter of guarantee from the bank regarding the loan.
Before signing the agreement, we recommend discussing the following with the property seller:
- how notary fees will be shared;
- timing of the pledge and funds transfer;
- property seller’s account details.
Ownership of the acquired real estate must be registered in the Real Estate Register by submitting a request at the notary’s office where the sale and purchase agreement is certified.
The mortgage loan borrower must insure the property for the entire term of the loan agreement under the specified conditions. You can find the minimum requirements for property insurance contracts here.
We can provide you with a home insurance offer from AB Lietuvos draudimas. Find out more.
Once you have received the ownership certificate from the Centre of Registers, inform the bank that you are ready to conclude the property pledge agreement.
Consult the bank to determine which notary’s office would be most convenient for signing the pledge agreement.
The notary will prepare the pledge agreement and register it in the Mortgage Register after it is signed.
Typically, the notary will require the following documents:
- identity documents of you and your spouse or co-borrower;
- sale and purchase agreement;
- loan agreement;
- property insurance policy.
No later than 5 business days after you request loan disbursement and meet the necessary conditions, the loan will be transferred to the seller’s account specified in the sale and purchase agreement.
The notary who certified the sale and purchase agreement will issue a certificate to you or the property seller confirming that the seller has received full payment under the agreement.
The certificate must be registered with the Centre of Registers and also submitted to your bank representative.
These steps must be completed within 30 days of the loan disbursement.
Considering buying your own home?
Submit an application and we will assess your eligibility for a loan.
Mortgage loan may be granted to adult citizens of the Republic of Lithuania or individuals holding a permanent residence permit in Lithuania issued by the Migration Department under the Ministry of the Interior of the Republic of Lithuania and receiving steady income.
|
Purpose of the loan |
|
|
|---|---|---|
|
Currency |
Euro |
|
|
Term |
Up to 30 years |
|
|
Amount |
Depends on your income and your family’s income and financial capacity to repay the loan, also the price/value of the dwelling to be purchased and/or immovable property pledged. |
|
|
Collaterals |
The residential immovable property that is purchased or being built. |
|---|---|
|
Valuation of the pledged immovable property |
All property pledged to the bank must be valued before granting loan to the client. |
|
Insurance of the pledged immovable property |
Before the loan is disbursed, the client is required to insure the property pledged to the bank with an insurance company or insurance brokerage company acceptable to the bank. The minimum requirements for property insurance contracts are available here. |
|
Interest rate |
Variable interest rate – the annual loan interest rate composed of a margin and the EURIBOR for 3, 6 or 12 months. The margin is set individually. |
|
Fixed interest rate – the annual loan interest rate set for a five-year period, with a fixed percentage rate applied. After the five-year period ends, a variable interest rate agreed at the time of contract conclusion will apply for the remaining term, unless you and the bank agree otherwise. |
|
|
Repayment method |
Linear, where the loan is repaid in equal instalments and interest is calculated on the remaining loan amount; therefore, monthly payments decrease every month. |
|
Annuity – the loan principal and interest are calculated so that the monthly instalments are equal until the loan is fully repaid. |
You can apply for a home loan in two ways: electronically or by visiting a bank branch in person.
When visiting a bank branch, you will need to complete a loan application, which you can also download, complete and sign in advance (if applying jointly with a co-borrower such as a spouse, both individuals must sign).
When visiting the branch, you will need the following documents:
- Completed and signed loan application;
- Identity documents of you and your spouse or co-borrower;
- Documents confirming the receipt of any additional income by you and your spouse or co-borrower.
Other required documents will be discussed during the loan consultation.
When applying electronically – the application is completed online. You can submit your application this way only if you (and, if applicable, your co-borrower) can sign with an electronic signature.
Please note that the total amount of monthly mortgage payments that you make to various credit institutions should not exceed 40 per cent of the total net income you receive per month.
When you use financing services, you enter into financial commitments. Before granting a loan, the bank will consider your income and the existing commitments.
Borrow responsibly – should you fail to properly fulfil your financial obligations, you may lose the immovable property pledged for the purpose of receiving the loan. Improper fulfilment of financial obligations may also negatively affect your credit history and/or increase borrowing costs.
Related links
We understand your goals and value your individual circumstances. Adapting to your needs – our task. Your path – to confidently building your future.
Can't decide?
We can help
Submit an application form
Fill in the application and we will assess your eligibility for a loan.
Visit us
Register and visit the nearest bank branch.
You may also be
interested in
Consumer credit
Tailored to your needs – flexible, convenient, and clear financing solutions.
Mortgage loan refinancing
Do you have a mortgage loan with Artea Bank and are considering refinancing? Let’s discuss your mortgage loan terms.
Real estate loan
You can use the funds from this loan to purchase or renovate non-residential real estate, or you can use the funds for other purposes.