Construction Loans

If you are planning to build a new house, then the Construction Loan of SEB banka is for you. The object under construction (its future value) and the lot, will serve as a collateral. With the Construction Loan, SEB banka can advance you funds for up to 75% of the future value. Additionally, during the construction you will pay interest only. You will start repaying the principal after the work is completed, when the loan will be transformed into a Mortgage Loan with a repayment period of up to 40 years.

The Advantages of SEB banka Construction Loans:

• favorable interest rates;
• grace period - during the construction you pay only the loan interest;
• after the object is completed, the Construction Loan is transformed into an up to 40-year Mortgage Loan;
• the future value of the object under construction serves as a collateral - no other collateral is needed.