Mortgages, modernised

You can only apply in app. If you are a customer of Revolut, just open your app and follow the steps below to apply. If you do not have an account of Revolut at the moment, you need to download app and open an account before applying.

• Under your balance, tap ‘Accounts’
• Select ‘+ Add new' and choose 'Credit'
• Choose 'Mortgage'

Fill in a short application to provide us with all the information we need to assess your application. You might also need to provide supporting documents.

It only takes a couple of minutes to fill in the application, and we’ll let you know the outcome and the next steps once your application has been assessed. You'll see the status of your application in-app. The application review process is as follows:

• Fill in a short questionnaire and submit any documents needed
• Get a pre-approved offer (subject to credit check)
• Upload your property valuation and provide details about your down payment
• Get a binding offer (subject to credit check)
• Sign the mortgage agreement
• Become an owner of the property by signing property purchase agreement and registering the ownership
• Insure property and pledge it to Revolut Bank UAB
• Receive the full mortgage transfer

A pre-approved offer, based on your financial assessment, shows the potential amount you’ll be offered and potential terms of your credit agreement. The final offer or decision to grant credit may change after we assess collateral and/or if your financial situation changes.

If anything changes between applying and receiving your pre-approved offer, or after receiving it, contact your dedicated mortgage manager and let them know. Pre-approved offers are valid for 60 days and can’t be extended.

The terms of the final offer, and the decision to grant credit may change after we assess the target assets (collateral), or if there are any changes in the borrower’s financial situation. Receiving a pre-approved offer doesn't mean you have to accept it or sign the credit agreement.

Repayments are debited from your main Revolut EUR account, or your co-borrower’s Revolut account, on the scheduled repayment date. When you sign the mortgage loan agreement, you allow us to take monthly repayments from your account.

Please note that repayments are paid in annuity method. (a constant regular payment that is made over a fixed period of time). This payment is made up of an interest portion and a repayment portion.

Repayments change based on variable interest rate (EURIBOR) updates.

We'll also send you an updated statement every time your EURIBOR changes.

You can find your repayment schedule in-app at any time. You can also make partial repayments as often and as many times as you want during the period of your mortgage loan.

Revolut does not have any issuance fee, so you only have to pay interest for your borrowed amount. Please note that other fees might still apply, when visiting the notary, performing property valuation or insuring the property. Those fees are charged by the third parties. To see full list of the fees please visit fee page.

When you have property you want to buy in mind, you will have to arrange a property valuation and present the valuation report to Revolut Bank UAB to proceed further. Property valuation is a report showing all the details, condition and the value of your property. Property valuation is arranged by the applicant themselves, but a mortgage manager will be able to answer any questions at this stage. Please note that the valuation shall be performed by the one of the acceptable valuation companies below:

• Butas tau UAB
• Centro Kubas - Nekilnojamasis Turtas UAB
• Domus optima UAB
• Inreal UAB
• Jungtinis verslas UAB
• Kovertas” UAB
• Latmas” UAB
• Lituka ir Ko" UAB
• Korporacija Matininkai UAB
• Newsec valuations UAB
• OBER-HAUS nekilnojamas turtas UAB
• Registrų centras VĮ
• Turto spektras UAB
• Verslavita UAB

Mortgages are provided to adult citizens of Lithuania and persons with a residence permit issued in Lithuania.

The decision is made based on an overall evaluation of your credit history, financial capacity, and income stability. The final offer is also based on the property assessment, which is performed by Revolut.

Every applicant should meet the following key criteria:

• Income should be sustainable
• A minimum of 6 months of uninterrupted income history. A longer income history may be asked for some income types
• You and your family's monthly expenses for covering financial obligations shouldn't exceed 40% of your monthly income after tax
• An acceptable credit history

You must pay at least 15 percent of the amount required to purchase the property with your own (not borrowed) money. This percentage might wary based on your individual circumstances.

If you're worried about your finances, contact us via in-app chat and share the details of how your circumstances have changed. We'll assess your situation and suggest a solution as soon as possible. Possible solutions include:

• Delaying your credit repayments, and paying interest-only for an agreed amount of time
• Adding more time to your loan period
• A combination of both of the above

It will only take couple of minutes to fill the initial questionnaire in app. We aim to issue a pre-approved offer in minutes for the majority of applicants (subject to credit check). Pre-approved offers will be valid for 60 days.

Later timelines depends on factors such as:

• How long will it take to get your property valuation
• Notaries availability for property purchase agreement and collateral agreement signing
• How long it take to get property insurance
• If any additional documents and evidence is needed (which might take time to provide)

We do our best to make the process as fast and smooth as possible for the applicants. You will have a mortgage status available showing the steps left to finish your mortgage application. Your mortgage manager will be able to provide you approximate timelines once they receive your application.