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  2. Flexible mortgage loan

FLEXIBLE MORTGAGE LOAN

Flexibility to access funds as needed, using the value of your property.

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Flexible access to funds

Easily access funds whenever you need them.

Interest-only payments

Pay only the interest during the draw period.

Remote application

Apply online and receive an offer.

Typical example:
If you take out a 100 000 EUR flexible loan for a period of 30 years with an applicable variable annual interest rate of 4.016%, and pay 1 000 EURcontract fee, 8.60 EUR mortgage registration fee, 2.49 EUR card plan fee, and repay the loan using the annuity method, then the total annual percentage rate (APR) would be 4.24%, and the total amount payable by the borrower would be 181,806.33 EUR. The total number of interest payments would be 360 and credit instalment payments would be 300. Thus, the monthly interest payment during grace period of maximum 5 years would be 339.31 EUR. Monthly credit instalment and interest payment after grace period would be 531.81 EUR. The total notary fees, property valuations and insurance costs are not known to the bank and are therefore not included in the calculations.
A flexible loan could be issued only if you pledge a living premises as a collateral. In most cases, a long-term financial commitment of up to 30 years is required, and failure to comply with the credit agreement terms during this period may have negative consequences – such as reducing or limiting your future borrowing capacity. Failure to comply with or improper fulfilment of the agreement terms may result in the loss of ownership of the pledged (purchased) real estate.

Colorful living room with modern design elements.
Colorful living room with modern design elements.

What is a flexible mortgage loan for?

Ideal for home improvements, debt consolidation, unexpected expenses or other plans.

Apply
Man and woman relaxing in their kitchen playing with their dog.

How flexible mortgage loan works?

Flexible mortgage loan allows you to borrow as much or as little as you need against the value of your property.

  • Use real estate as collateral and receive a credit line of up to 75% of the property's value for the draw period.
  • Use the funds whenever you need during the draw period, which can last up to 5 years.
  • Pay only the interest in the draw period.
  • Once the draw period ends, the agreed loan repayment term will begin immediately and may last up to 25 years. During this period, the borrowed funds will be repaid through monthly payments, along with interest charged on the outstanding loan balance.

Calculator

1 years
30 years
Total amount payable:2 108 606.00 EUR
Annual percentage rate (APR):3 4.24 %
collateral house
205.00 EUR
Monthly payment for the first 5 years
320.02 EUR
Monthly payment for the remaining term
1 Fixed margin + 6m Euribor
2 Total amount payable must be understood as the total amount payable by the customer.
3 Annual percentage rate of charge (APR) is expressed to help you compare different offers over the same period. The APR is calculated by taking into account the total amount of the consumer credit, the interest rate, the contract administration fee and any other charges related to the conclusion or execution of the contract. Notary service fees, property valuation and home insurance costs are not known to the bank, so they are not included in the calculations. The calculations made using the calculator are of an informative nature and each client's situation is assessed individually.
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Loan conditions

  • Financing of up to 75% of property value.
  • Term of up to 30 years.
  • Interest-only payments during the draw period.
  • Possibility to choose floating or fixed interest rate.
Apply

Need help?

Get instant answers to your questions 24/7 from our website help tool: our virtual financial consultant, Adele.

To find out the amount of credit that can be granted to you, go to Citadele bank's website www.citadele.lt, select Loans > Housing loan and mortgage loan, here you will find the housing loan calculator. Enter the data into the calculator and find out how much you could borrow tentatively (please note that the calculator is for informational purposes only).

If you want to fill out a home loan application, click Fill out an application and log in using the available authentication tool (you can connect through Citadele Internet Bank, use Smart-ID or M. signature).

Fill in the mandatory fields of the application, provide information about yourself, indicate your other financial obligations.

After submitting the application, you will see on the screen that the application has been created, and you will also be notified by email. by letter

If you do not have any of the specified means of authentication and cannot fill out the application online, register for a visit at any Citadele bank branch , during which a bank employee will provide all the necessary information and fill out the application. Please note that you will need to provide a bank statement for the last six months showing your regular income at the time of your visit. We recommend a personal e-mail before your arrival. save the said extract in the mail so that you can send it to the "Citadele" bank employee during the meeting.

Please provide the following documents:

  1. Passport or personal identity card, third-country citizen's permit for permanent residence in the Republic of Lithuania.
  2. Application. Apply online.
  3. The consent of the credit recipient (co-borrower) so that we can assess the solvency of the credit recipient (co-borrower) by checking the data in the registers.
  4. If you are self-employed or under a business license, copyright or work order agreement, please provide all supporting documentation of your income. We also ask you to submit a business certificate, declarations for the past 2 years, declaration for the current year. Expenditure warrants, copyright contracts, bank statements for the last 12-24 months.
  5. Property valuation.

We may also ask for other additional income supporting documents.

Smart-ID is a personal identification solution that can be used to sign loan applications.

In order to sign a completed loan application, you must have the Advanced (qualified) version of Smart-ID. You will not be able to sign an application for a loan with the Basic version of Smart-ID. To change your existing Basic version to Advanced, you can do it with a mobile signature by downloading a new Smart-ID.

If you do not have a mobile signature, but you already have the Basic version of the Smart-ID mobile application, you can change it to Advanced (qualified) by changing the biometric data (by taking a photo of your personal document and entering additional required data).

If you don't have a mobile signature and you don't have the opportunity to take a picture of your personal document, then you can change the "Smart-ID" version at one of the banks: "Swedbank", "SEB" or "Luminor".

More information on Smart-ID registration methods can be found here.

More information on biometric recognition can be found here.
 

  1. Fill out an application for a home loan.
  2. A bank employee will contact you and discuss the need and possibilities in detail.
  3. You will provide additional documents requested by the Citadele employee who is serving you (e.g. real estate valuation report)
  4. A decision on granting credit is made.
  5. You become a bank customer, open a credit service account. If you wish, you can purchase additional products/services offered by the bank at the same time (eg: payment card, mortgage insurance).
  6. A credit agreement and other documents are signed at the bank.
  7. A mortgage (property pledge) agreement is signed and confirmed at a notary. It is transferred to the Registru Centras for registration.
  8. After registering the mortgage agreement in the Registru Centras and submitting all the necessary documents to the bank, the credit amount is disbursed.

Applications for consumer and housing loans can be submitted online, and this can be done both by customers of Citadele Bank and other banks.

You can apply for a consumer loan here.

You can apply for a home loan here.

If you are not a client of Citadele bank, you can sign the submitted application with Mobile signature or Smart-ID qualified signature.

Yes, at any time and without additional fees you may repay your loan in full early by submitting an order for the early repayment of your loan through the online bank or at any branch.

Yes, we offer more favorable loan terms if your desired home has an energy-efficiency certificate with class A++, A+ or A rating.

Yes, if you want to avoid fluctuations in the interest rate and changes in the repayment amount, you can choose a fixed interest rate, ensuring a consistent repayment schedule during the selected period.

Citadele encourages responsible borrowing, so if you have no official income, we will be unable to issue a loan to you.

To find out the amount of credit that can be granted to you, go to Citadele bank's website www.citadele.lt, select Loans > Housing loan and mortgage loan, here you will find the housing loan calculator. Enter the data into the calculator and find out how much you could borrow tentatively (please note that the calculator is for informational purposes only).

If you want to fill out a home loan application, click Fill out an application and log in using the available authentication tool (you can connect through Citadele Internet Bank, use Smart-ID or M. signature).

Fill in the mandatory fields of the application, provide information about yourself, indicate your other financial obligations.

After submitting the application, you will see on the screen that the application has been created, and you will also be notified by email. by letter

If you do not have any of the specified means of authentication and cannot fill out the application online, register for a visit at any Citadele bank branch , during which a bank employee will provide all the necessary information and fill out the application. Please note that you will need to provide a bank statement for the last six months showing your regular income at the time of your visit. We recommend a personal e-mail before your arrival. save the said extract in the mail so that you can send it to the "Citadele" bank employee during the meeting.

Please provide the following documents:

  1. Passport or personal identity card, third-country citizen's permit for permanent residence in the Republic of Lithuania.
  2. Application. Apply online.
  3. The consent of the credit recipient (co-borrower) so that we can assess the solvency of the credit recipient (co-borrower) by checking the data in the registers.
  4. If you are self-employed or under a business license, copyright or work order agreement, please provide all supporting documentation of your income. We also ask you to submit a business certificate, declarations for the past 2 years, declaration for the current year. Expenditure warrants, copyright contracts, bank statements for the last 12-24 months.
  5. Property valuation.

We may also ask for other additional income supporting documents.

Smart-ID is a personal identification solution that can be used to sign loan applications.

In order to sign a completed loan application, you must have the Advanced (qualified) version of Smart-ID. You will not be able to sign an application for a loan with the Basic version of Smart-ID. To change your existing Basic version to Advanced, you can do it with a mobile signature by downloading a new Smart-ID.

If you do not have a mobile signature, but you already have the Basic version of the Smart-ID mobile application, you can change it to Advanced (qualified) by changing the biometric data (by taking a photo of your personal document and entering additional required data).

If you don't have a mobile signature and you don't have the opportunity to take a picture of your personal document, then you can change the "Smart-ID" version at one of the banks: "Swedbank", "SEB" or "Luminor".

More information on Smart-ID registration methods can be found here.

More information on biometric recognition can be found here.
 

  1. Fill out an application for a home loan.
  2. A bank employee will contact you and discuss the need and possibilities in detail.
  3. You will provide additional documents requested by the Citadele employee who is serving you (e.g. real estate valuation report)
  4. A decision on granting credit is made.
  5. You become a bank customer, open a credit service account. If you wish, you can purchase additional products/services offered by the bank at the same time (eg: payment card, mortgage insurance).
  6. A credit agreement and other documents are signed at the bank.
  7. A mortgage (property pledge) agreement is signed and confirmed at a notary. It is transferred to the Registru Centras for registration.
  8. After registering the mortgage agreement in the Registru Centras and submitting all the necessary documents to the bank, the credit amount is disbursed.

Applications for consumer and housing loans can be submitted online, and this can be done both by customers of Citadele Bank and other banks.

You can apply for a consumer loan here.

You can apply for a home loan here.

If you are not a client of Citadele bank, you can sign the submitted application with Mobile signature or Smart-ID qualified signature.

Yes, at any time and without additional fees you may repay your loan in full early by submitting an order for the early repayment of your loan through the online bank or at any branch.

Yes, we offer more favorable loan terms if your desired home has an energy-efficiency certificate with class A++, A+ or A rating.

Yes, if you want to avoid fluctuations in the interest rate and changes in the repayment amount, you can choose a fixed interest rate, ensuring a consistent repayment schedule during the selected period.

Citadele encourages responsible borrowing, so if you have no official income, we will be unable to issue a loan to you.

Home loan, Green home loan and flexible mortgage loan

Service Fee
New loan agreement fee or loan amount increase agreement fee 0.5 % from credit (additional) amount (min. 200 EUR)
Early credit repayment Free of charge
Interest for overdue credit and unpaid interest 0.05 % for each day of delay
Execution of amendments:
Change of loan repayment date and repayment account 0 EUR once in a calendar year; for the next change in the same calendar year, 75 EUR per each document
Processing loan grace period, extension of loan issuance Bank’s approvals, permissions and consents related to the property encumbered in favour of the bank 75 EUR per each document
Execution of amendments to the other provisions of the agreement 200 EUR
Fee for letting to pledge a collateral for other creditor 150 EUR
Interest rate amendment 1% from credit amount (min. 500 EUR)
See full price list

More opportunities

Consumer loan

Financing of up to 30 000 EUR taking a loan together with a co-borrower. Apply online and receive a personal offer within 10 minutes.
Learn more

Mortgage loan

Financing up to 85% for your house, apartment, construction or ambitious renovations.
Learn more

Green mortgage loan

A loan with more favourable terms for the purchase of energy-efficient housing. Finance up to 85% of the property value.
Learn more

Home energy efficiency loan

Financing of up to 35 000 EUR taking a loan together with a co-borrower. Apply online and receive an offer within 10 minutes.
Learn more

Home renovation loan

Apply for a home renovation loan on favorable terms. Remote loan from application to contract signing.
Learn more
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Please note that by borrowing, you undertake a financial commitment. Evaluate your own and/or family's needs and borrow responsibly. Only submit the application if you have identified the need to borrow and have assessed your ability to repay the loan. Always consider the additional costs associated with the loan (e.g. mortgage, insurance, etc.). Failure to meet your loan obligations may lead to forced unpaid debt collection and negatively impact your credit history and ability to borrow in the future. Please note that different lenders may evaluate you differently. We will provide an answer regarding the possible amount of the loan only after assessing your solvency according to legal requirements.