Home small loan

This collateral-free loan is granted for the purchase, repair and reconstruction of real property

  • You may borrow up to EUR 20,000 for furnishing or repairing your home;
  • Suitable if you want to purchase land plot for a garden, parking lot, garage, pantry, etc.;
  • Monthly payments will be lower as you may take the loan for a period of up to 10 years;
  • Collateral is not required, loan may be repaid before maturity without fines or additional fees.
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Monthly payment
219.26 Eur
Illness and Unemployment Protection – EUR 8.77/month. More

Home small loan with the purpose of home repair, is regulated and granted pursuant to the Law on Consumer Credit of the Republic of Lithuania.

Home small loan with the purpose of the purchase of real property, is regulated and granted pursuant to the Law on Credit Related to Real Estate of the Republic of Lithuania. General information on home small loan is provided here.

Sum 5000 - 20000Eur
determined individually depending on your (family’s) income and financial obligations
Interest rate All related information provided in tab “Interests and fees”.
Term From 6 months to 10 years May be repaid before maturity without additional fees.
Collateral Not required
Other conditions
  • When purchasing real property is the purpose of a loan, it is required to register purchased real property on the name of the borrower in The Real Property Register and Cadastre of the Republic of Lithuania in 90 days from the date of loan agreement signing.
  • When repair is the purpose of a loan, the customer or the co-borrower must be the owner of real property to be repaired on the day the loan is granted.

Typical example

If you applied for a home small loan amounting to EUR 10,000 with credit agreement duration (and loan repayment term) of 10 years (the number of instalments – 119) with the fixed annual interest rate of 11 % and the following applicable fees: a minimum daily services fee (EUR 0.70 per month) for natural persons’ as established by the Bank; agreement administration fee of EUR 100; monthly payments of EUR 140 using annuity method, then, the credit annual percentage rate would be 12.2 %, and the total amount paid by the credit receiver would be EUR 16,835.

Calculations of the annual percentage rate of charge and the total amount payable by the borrower are based on assumptions that the total credit amount will be disbursed by the Bank to the borrower on the day of signing the Credit agreement, the parties to the Credit agreement will fulfil their obligations arising from the Credit agreement in observance of the terms and conditions established therein, the annual interest rate, the amount of fees and other charges will be the same as at the time of concluding the Credit agreement and will apply until the expiration of Credit agreement.

Please note, that by using financial services you assume financial obligations. Improper execution of financial obligations may adversely affect your credit history and raise the cost of borrowing, and it can also cause initiation of enforced recovery.

We recommend carefully assessing personal and (or) family’s financial possibilities before making a decision on loan and the amount thereof. Monthly payments to cover your (family’s) financial obligations for each month should not exceed 30-40% of your income.

If you would like to get more information about loan conditions, to accurately assess personal financial situation or you have other questions related to desired loan, please contact us by phone 1884 or visit the nearest “Swedbank” Customer Service Branch.