Loans to foreigners

Some loan providers in Lithuania can offer loans to foreigners, and having a permanent residence permit in the country makes the process easier. For specific options and conditions, it’s best to contact loan providers directly. They will assess your personal details and make you an offer, allowing you to choose the best loan or credit option for your needs. Loans can be provided for car purchases, real estate, home improvement, education, and other purposes.  

If you plan to get a loan in Lithuania, having a work contract is essential. The contract should be active for at least 6 to 12 months before you apply for a loan. Additionally, be prepared to provide proof of income, a good credit history, and possibly other documentation as required by the lender.  

Down payment

Usually, banks in Lithuania require a down payment of at least 15 percent. For foreigners, the rules can be stricter, often requiring a larger down payment or financing smaller loan. Interest rates, loan durations, and associated fees can vary, so it's crucial to understand these terms before proceeding. 

It’s also important to be aware of any legal and tax implications associated with taking a loan in Lithuania. Consulting with a financial advisor offered by the loan providers can be very helpful. 

You can check some of the loan calculators online to get an estimate of your loan options.