Nonbank mortgage lender from Lithuania, Kredito garantas, joins the Mintos marketplace

18.07.2016

mintosblog

The Mintos team is very pleased to announce that Lithuania’s subsidiary of Omega Laen – Kredito garantas  – has joined the Mintos marketplace, where they will offer personal mortgage loans.

Kredito garantas will offer low-risk loans for financing in the marketplace. These loans will primarily range from EUR 1 500 to 40 000, with repayment periods from 6 months to 10 years. As these are low-risk loans – guaranteed with real estate collateral in Lithuania’s largest cities – the average net annual return is expected to be approximately 8%. In order to retain “skin in the game”, Kredito garantas will keep at least 10%…