• Private clients
• Loans
• Secured loans

Secured loans

A secured loan is a loan with unlimited maximum amount. The maximum amount granted depends on your family’s income and the value of pledged property.

How can a secured loan be used?

• The loan may be used for property acquisition, for small business, payment for studies, treatment, service, various expenditure and other needs.
• If the loan amount does not exceed LTL 50,000 or in certain cases is above that amount, the granted credit is transferred to your payment card account or your bank account.
• If the loan is used for the acquisition of property or services, the funds from the loan account are usually transferred directly to the sellers against documents submitted by you, such as agreements, invoices etc.

What are the terms of secured loans?

• Secured loans are granted to private persons aged 18 and above.
• Loans are granted in the litas or the euros.
• Loans are usually granted for a period not longer than 5 years.
• The minimum loan amount is LTL 1,000.
• Secured loans are subject to interest of the agreed rate. The interest is charged only on the used and still outstanding loan amount.
• Other applicable fees are available in our Price List.
• Depending on the age, purpose and geographical location of the pledged real estate or land plot the granted loan may amount up to 80 percent of the pledged property value.
• In certain cases the loan may be secured by other assets: cars, bank deposits, securities and other property.
• If loan repayment source is your salary, you should have at least 3 months of working history with the same employer.
• At your request the loan document processing fee may be debited from your loan amount.
• No extra fees are charged for loan repayment prior to maturity.

How are secured loans repaid?

Ūkio bankas offers especially flexible repayment terms for secured loans:

• Credits are repaid by installments subject to the sequence of your income.
• You may choose one of the following repayment methods:
  • Line method – installments consisting of the principal part and interest part gradually decrease;
  • Annuity method – an equal amount of the principal and interest is paid every month.
• You may agree upon a special and more appropriate for you repayment schedule.
• You may choose the principal repayment and interest payment day according to the day of your regular income.

If you want to know whether you are eligible for the secured loan or should you have more questions, please contact your nearest Ūkio Bankas Branch or Client Service Unit. You may also send an inquiry via the Internet.