You don‘t have to be big to get a loan
Decide how you use the extra funds with your consumer loan
- Whether you want to purchase a car, furniture, computer, travel, get education, invest in startup or just pay off bills our loan is designed to give you the financial freedom you need
- No waiting around - we get back to your inquiries ASAP
- No collateral and insurance required
- Fixed instalments
- No fees for early loan repayment
- Loan terms of up to 84 months are available
Consumer loan
Individual customer service
Simple repayment schedule
Quick initial offer
Loan application process
To apply for a loan, you must first become a member of the LTL
If you live, work or study in Vilnius or Vilnius and Trakai districts, come to the LTL with your ID, fill in the membership application form, purchase a 30 EUR share (pajus) (the share will remain your property and you will be able to withdraw the share when you leave the LTL).
Fill in the loan application form
Tell the member of staff what you need the loan/money for and he/she will provide you with the necessary application form - this can be for a home purchase, home renovation, business financing or consumption. Loans up to 15,000 EUR require a guarantor - a person with sufficient income or real estate. A copy of the guarantor's identity document and a completed surety application form must also be submitted when applying for a loan. Loans above EUR 15,000 or for a period of more than 5 years must be secured by a mortgage.
Please submit the following documents
- A completed loan application form
- A completed surety application
- Consent to the processing of personal data
- Proof of income, if it is not a salary (rental income, farming income, royalty income, etc.)
- Preliminary valuation of the immovable or movable property proposed to be pledged and proof of ownership
You will receive a reply within 1-2 days
You will be contacted by a loan manager and informed of the decision. The LTL may ask for additional collateral to secure the loan after assessing the member's ability to repay the loan. If the answer is positive, you will arrange a convenient time with the manager to come and sign the loan and surety agreements. The loan is disbursed immediately after signing the agreement. If the loan is granted against a pledge of immovable or movable property, the pledge is notarised. Disbursement of the loan shall take place after registration of the mortgage note in the mortgage register.
Typical example
Taking a consumer credit of EUR 5,000 for a period of 5 years with a fixed annual interest rate of 10%, with an agreement fee of EUR 350, the total annual rate of the consumer credit price would be 14.005%, the total amount paid by the borrower would be EUR 6,725.54, and the monthly payment would be EUR 106.58.
The total annual percentage rate of charge for consumer credit and the total amount payable by the consumer credit recipient are calculated on the assumption that the credit agreement will be valid for a period equal to the duration of the credit agreement, the Union will pay the entire credit amount on the day of signing the credit agreement, the parties to the credit agreement will fulfill their obligations arising from the credit agreement in accordance with the terms and conditions set out in the credit agreement, the annual interest rate, the amount of fees and other costs will remain the same as at the time of conclusion of the credit agreement and will continue to apply until the end of the credit agreement.