Get a home loan with
someone you can really trust

New home in just 12 steps

1. Calculator

   Check your opportunities to borrow and calculate the approximate loan amount you can get.
   
   Home Loan calculator

2. Consultation
   
   Register for a home loan consultation.
   
   - During the consultation, we will analyse your needs and discuss the type of property you are willing to acquire
   - We will discuss your personal and family opportunities (income and liabilities), and help you find a solution for acquiring your home
   - If you do not have a property selected yet, we will help you identify your needs
   
   Documents needed: personal identity card or passport, information on the selected real estate (price, total area, region, valuation report, if available)
   
   Register for consultation

3. Property valuation
   
   Order a property valuation report which will identify the market value of and note other important information on the intended-to-buy real estate.
   
   - The property may be assessed only subject to owner’s consent
   - The real estate seller may already have a property valuation report; simply ask them if they do
   - In certain cases, for instance, when buying a newly-built residential property, the property valuation may not be required; you will need to clarify that with the bank employee
   
   Property valuers

    

4. Loan application
   
   Submit your loan application and specify your personal data.
    

   - When you select the residential property, you need to fill out the loan application. You can do it in SEB internet bank, or by visiting the convenient SEB branch.
   - After filling out the application, your lending risk will be assessed, and loan terms will be established.
   - The data in the application is not always sufficient. Therefore, we may ask you additional questions or request for some other documents.
   - The sooner you provide us with all the required documents, the sooner we will make our lending offer.

   Documents needed: identity documents (a personal identity card or a passport), loan application, valuation report of the real estate to be acquired.

   Note: your spouse or another person who is the co-borrower, also has to provide us with the required documents and visit the bank and to fill out the loan application together with you.
   
   Fill the application

5. The bank decision
   
   After providing us with all the necessary information, you will wait for the bank’s decision.
   
   - After making our lending decision, we will notify you in the agreed method – via phone or email
   - We will submit a proposal, which will include the most important information on the loan: the loan and interest type, amount, term, fees, other related expenses
   - After receiving a detailed information, you will be able to compare offers from different banks and select the most favourable one for you
6. Home loan agreement
   
   Read the personalised credit agreement carefully. You can read the general terms and conditions of the agreement in advance.
   
   - You can read the general terms and conditions of the loan agreement in the internet website in advance
   - Prior to signing the loan agreement, it is important to carefully read its terms; if you have any questions, contact the bank employee
   - If you intend to buy real estate and / or receive a loan with your spouse or another person, both of you have to sign the agreement in the SEB branch
   
   General terms and conditions of the loan agreement
7. Signing the purchase agreement at the notary’s office
   
   Purchase and sale agreement will be signed at the notary’s office. If you buy the property with another person, you will need to sign it together.
   
   - At the notary office, you will have to sign the residential property purchase and sale agreement
   - With the residential property seller, you need to agree on the percentage of the notary fee for the agreement drafting and certification be paid by each party in advance
   - Prior to signing the agreement, you need to obtain a proof allowing to pledge the real estate in favour of the bank. You need to inform the seller that the bank will transfer the funds by the date specified in the purchase and sale agreement, after the property pledge. The agreement must specify the bank account data of the seller (bank name and code, account number)
   - The method and the date of payment, the date of the real estate transfer, and the consequences if you fail to pay for the acquired real estate in a timely manner, the procedure and cases of the agreement termination will be certified by the notary in the purchase and sale agreement.
   - After signing the purchase and sale agreement, you have to submit an application for registering the purchased real estate to the notary. The notary will register the purchased real estate with the Real Estate Register administered by the State Enterprise Centre of Registers.
   - The notary fee of 0.45 % of the purchase and sale agreement will be paid to the notary, however, it will make at least Eur 28.96 and will not exceed Eur 5,792.40. The notary fee is approved by the Government and does not depend on us.
   - The latest information is available on the website of the Lithuanian Chamber of Notaries.
   - You will have to pay the property registration fee. The fee depends on the acquired real estate value and the time period for obtaining a certification of property rights. The fees for registration of property rights are available on website of the State Enterprise Centre of Registers.
   - The received certification must be submitted to us.
   
   Documents needed: personal identity card or passport, seller’s ownership documents, loan agreement or a proposal, if the agreement is not signed yet.
8. Property insurance
   
   The pledged property needs to be uninterruptedly insured for the entire loan period.
   
   - Insurance will protect you from any unexpected financial losses caused by fire, burst of water pipes or any other accident in your home
   - After receiving insurance benefit, you will be able to eliminate the consequences of the accident faster
   - The bank employee will provide you with the pledged real estate insurance proposal issued by our partner Lietuvos draudimas
   - Full list of insurers recommended by us is available on our website, or you may also receive it in SEB branches or by calling us at +370 5 268 2800 (I–V 8.00–20.00). You may select another insurance company
9. The notary approves the real estate pledge
   
   At the notary office, you need to sign the real estate pledge agreement. If the pledged real estate is jointly owned by you and another person, you have to sign the agreement together.
   
   - After the certificate of property ownership is issued by the State Enterprise Centre of Registers you should immediately inform the bank employee that you are prepared to sign the real estate pledge agreement. The pledge agreement will be drafted by the notary.
   - You can consult the bank consultant on which notary office is the most convenient for you to sign the real estate pledge agreement.
   - After confirming the real estate pledge agreement, the notary will register it within the Mortgage Register.
   - Information on the notary fees is available on the website of the Lithuanian Chamber of Notaries.
   
   Documents to be submitted to the notary (they will specify the list of documents prior to your visit):
   - Identity cards or passports of yourself and your spouse
   - District court order allowing to pledge the real estate (if you have underaged children and intend to pledge the current / future home of your family)
   - Real estate purchase and sale agreement or other document proving the real estate purchase
   - Insurance policy of the real estate to be pledged
   - Consent of the initial creditor to pledge the real estate (if the real estate to be purchased is already pledged.
   - Notary authorisation to sign a mortgage (pledge) agreement (if the customer (property owner) is unable to sign the mortgage agreement in person)
   - Marital status certificate issued by the Population Register (if the notary is unable to order it)
   - Land lease agreement, land lot plan, consent of the landowner (if land lot is to be pledged). The land lot owner will also need to receive a pledge document
   - Lessee's consent (if the property to be pledged is leased and if the lease agreement establishes that such consent is required)
   - Taking into consideration your individual situation, additional documents may be required.
   
   Documents to be submitted to the bank:
   - Certificate of ownership registration issued by the State Enterprise Centre of Registers
   - Consent of the initial creditor to pledge the real estate (if the real estate to be purchased is already pledged)
   - Insurance policy of the real estate to be pledged
   - Real estate valuation report
   - Purchase and sale agreement of the pledged property, or other document proving a lawful purchase of the real estate
   - District court permit to pledge the property (if you have underaged children and intend to pledge the current / future home of your family)
   - Land lease agreement, land lot plan, consent of the landowner (if land lot is to be pledged)

10. If you have minor children, you will need to provide the notary with additional data

    If you have minor children and want to pledge real estate that is family property, the notary will approve the pledge once you have provided the necessary information and supporting documents:
    – documents confirming the family’s financial situation (income, savings, other assets, debts);
    – details of the family property to be transferred;
    – the feasibility of the future transaction and the possibilities of protecting the rights of the child in case the transaction is not carried out;
    – and any other necessary data.

    If you have any questions about the information or documents you need to provide, please contact the notary directly

11. After signing the pledge agreement, contact the bank employee
    
    After the pledge agreement signature at the notary office, you need to contact the bank consultant.
    
    - Contact the bank employee after concluding the pledge agreement at the notary office. Remember: notary should register that you have fulfilled all obligations towards the seller.
    - The loan will be transferred to the property seller’s account specified in the purchase and sale agreement after we receive information that the seller has received the portion of your own funds, the home loan agreement is registered with the Mortgage Register, and other terms established in the loan agreement are fulfilled.
    - The application requesting to transfer funds to the seller may be submitted using internet bank or at SEB branch.
    - When the seller receives money for the real estate, you and the seller have to contact the notary office where your real estate purchase agreement has been signed. After receiving seller’s confirmation of the full settlement for real estate, the notary will issue a certificate proving it. It will be submitted by the notary to the State Enterprise Centre of Registers.
    - With the notary certification registered within the State Enterprise Centre of Registers, even after ten or more years, you will be able to easily prove that you have paid for the real estate in full. Therefore, in future, you will face no obstacles when selling the property.
12. The last step – move to your new home
    
    Congratulations. You have just taken an important step in your life and acquired new home.
    
    - You will not be required to transfer monthly instalments to the bank from your account. Rather, the funds will be debited automatically. However, you need to make sure that a required amount is available in your account for every instalment. If your income is transferred to the same account, everything should go smoothly.
    - If you need more information or consultation, call us at +370 5 268 2800 (I–V 8.00–20.00) or contact the bank employee.
    - You are always welcome to contact us for a consultation. If we are informed of the changes and challenges in your life, we will assist you in finding adequate solutions.
    - The main information on the loan, payment schedule, accrued interest, and overdue amounts is available on the internet bank.
    
    Wishing you many pleasant moments in your new home.

Collateral insurance

Credit agreement provides that property (apartment or an individual house with all of its ancillary buildings) pledged for the benefit of the bank (collateral) should have uninterrupted insurance cover throughout the entire credit period. Collateral insurance contract should be submitted to our bank before execution of a mortgage (pledge) deed. 

In case of a collateral insurance contract amendment or execution of a new contract, relevant copy should be submitted to our bank no later than within 5 days as of the date of such amendment or execution of the insurance contract. We kindly ask you to email your immovable property insurance documents (a copy of your existing insurance contract alongside with a document evidencing payment of your latest insurance premium) at ntdraudimas@seb.lt or bring them to your nearest customer service unit of our bank.

We, too, can provide property insurance, as we represent insurance company AB “Lietuvos draudimas”.

Property insurance terms and conditions

Any and all property insurance terms and conditions applied are set out in the credit agreement.

Property pledged for the benefit of the bank may be insured by your preferred insurance company from the following list proposed by our bank:

• AB “Lietuvos draudimas”
• AAS “BTA Baltic Insurance Company” branch in Lithuania
• ADB “Gjensidige”
• Compensa Vienna Insurance Group
• “ERGO Insurance SE” Lithuanian branch
• “If P&C Insurance AS” branch
• “Swedbank P&C Insurance AS” Lithuanian branch
• Balcia Insurance SE Lithuania

It is your right to obtain insurance cover for the property pledged to our bank from an insurance company other than any of the above listed ones, but only on condition that the insurance cover provided by an insurance contract issued by such company is equivalent to insurance cover that would be provided by an insurance contract concluded with any of our proposed above-listed insurance companies.

No need to worry about the loan repayment

• With insurance cover, you will provide your family with financial support in case of an accident
• If you select fixed interest, you will hedge against interest rate risk
• Under certain circumstances, you will have a possibility to defer payment of instalments

You would like get a loan for buying a dwelling, build, repair or refurbish it, but you are worried about your potential to repay the loan, if any financial problems occur We will offer three instruments enabling you to ensure that if your financial standing deteriorates or your family expenses or the loan interest unexpectedly increase, you are able to repay the loan when due and not to lose your home.

Insurance "Safe Loan"

Decision enabling you to fulfil your financial obligations

Are you or your close family members prepared for any unpleasant surprises, which nobody can foresee in advance? When issuing a loan, we always think about that, therefore, we offer you selecting insurance “Safe Loan” that includes life insurance, total and permanent disability insurance, temporary disability and involuntary unemployment insurance.

If you select insurance “Safe Loan” and any unexpected event occurs in your life, it will be easier for you and your family, as:

• in case of your illness, injury or job loss, you will get periodic insurance benefit equal either to the instalment amount or to its any selected portion
• in case of severe distress, your close ones will be protected against the outstanding financial obligations, in full or in part
• it will be a support for you in meeting your financial obligations and retaining your home or any other property

More information about insurance “Safe Loan”, which serves as a support in retaining your financial stability in difficult times is available here.

Interest fixing

Interest fixation provides protection from changes in interest rates for a certain period of time

A fixed interest rate should be selected in such case if:

• your income fluctuates or it is very difficult to predict it
• loan instalment makes a large portion of your income and it is difficult to expect larger income in future

The fixed interest rate may be applied if the loan repayment period does not exceed 10 years. It is approved on the agreement signature date and does not change within the entire loan period. Thus, in case of any changes in the market, your loan interest rate remains unchanged within the entire loan period.

Based on your request, the fixed interest rate may be applied only for the specified portion of the loan, instead on the total loan. In such case, a variable interest will be applied on one portion of the loan, and the fixed interest rate – on the other portion of the loan.

Repayment deferral

Grace period is a chance to postpone payment of instalments in emergencies

If you are facing an emergency, you can file us a request to postpone payment of instalments without changing the final loan maturity date. During the grace period only interest is payable.

For more information about a loan, lending terms and fees please contact us at  +370 5 268 2800.