Express credits with insurance – consumer credits issued without credit security (pledge or indemnity) to adults who legally reside in the Republic of Lithuania on a permanent or temporal basis and earn reasonable and regular income, and are insured by the insurance "Saugi Ateitis” (Secure Future).
The insurance secures the borrower’s family members from obligations related with covering of the credit in case of total and permanent incapacity of the borrower due to an accident or in case of death.
Express credits with insurance offer the following advantages:
- Simple procedure;
- Maturity up to 5 years;
- Credit amount up to LTL 40 000;
- No indemnity or pledge required;
- Security in case of total and permanent incapacity due to an accident or in case of death the insurance company will repay the outstanding amount of your credit to the bank;
- Possibility to take out life insurance without any health check-up;
- No additional funds needed for the insurance contribution – it will be deducted from the credit amount;
- Possibility to choose the acceptable way for credit repayment and interest payment;
- Possibility to repay the credit before the maturity provided by the agreement without additional fees.
Credit purpose:
- For consuming purposes;
Credit maturity:
- from 3 months to 5 years.
Credit currencies:
- Litas;
- US dollars;
- Euros.
Maximum credit amount:
- LTL 40 000 (minimum amount LTL 1001).
- Depending on the financial possibilities of the borrower. Provided that the income received (grounded by the documents submitted to the bank) less the necessary expenses made by the family must be enough for repayment of the credit portion requested by the bank and making all payments fixed for the credit.
Credit interest:
- Credits are issued at fixed annual interest rate, i.e. interest remains unchanged until the repayment of the credit.
Repayment of credits and payment of interest:
- The customers who are planning their expenditures and intending to spend equal amount of money for credit repayment and interest payment every month should choose the annuity method (equal monthly instalments);
- The customers who are intending to repay the credit sooner and pay decreasing monthly interest should choose the linear method (credit is repaid by equal instalments, while interest is decreasing);
- Credit repayment begins no later than on the next calendar month following the date of signing the credit agreement.
Insurance:
- Customers who are taking an express credit with insurance are insured by the insurance "Saugi Ateitis" of UAB "PZU Lietuva Gyvybės Draudimas" by indicating the bank as the beneficiary of the indemnity payment.
Other conditions:
- In case the borrower has a spouse the latter is included in the credit agreement as a co-borrower (solidary person);
- During the effective period of the credit agreement the borrower must make monthly transfers of the earnings paid by his/her employer to the payment card account or the bank account.
Documents to be submitted to the bank to issue a credit:
- Credit application
- Passports of the customer and the spouse (personal ID cards) and copies of two last pages of the passports;
- The state social insurance certificates of the customer and the spouse as well as the certificate copies;
- Employer’s certificate on income earned over the past 12 calendar months or other documents (agreements, declarations, etc.) evidencing income of the customer and his/her spouse;
- Agreements with banks or other entities of the customer and the spouse on credits, guarantees or indemnities;
- Other unspecified documents that might be necessary for making the decision regarding credit issuing.