Mortgage Loan for Georgian Immigrants

Purchase an apartment in Georgia without proof of income!

If you are an immigrant residing overseas and saving funds to purchase real estate but unable to prove your income to obtain a mortgage, then terabank’s new product is precisely for you!
The terabank mortgage loan has been designed specifically for immigrants and may be obtained without proof of income or any additional security which means that nothing is going to hold you back from purchasing real estate.
You may purchase real estate using our new product both from real estate development companies and physical entities.
Expats residing in Georgia and individuals with dual citizenship are also eligible for the mortgage loan.

Loan terms

Loan amount

   min - 1,000 GEL


   max-individualy*

Loan term

   min - 6 months


For those with Georgian or dual citizenship in GEL - 180 months; In other currency - 120 months**


For those without Georgian citizenship - 72 months

Loan currency

GEL, USD, EURO

 

Annual Interest Rate

GEL- from re-financing rate +4.2%

USD(Libor-based variable rate)-from 7.40%

EURO(Euribor-based variable rate)- from 6.40% 

 

Effective Interest Rate

GEL - from 16.20%

USD - from 8.70%
EURO - 7.60%

loan repayment rate

monthly equal installments

collateral

Real estate

Loan disbursement fee

0.9% (min. 50 units)

Contribution in case of purchase of real estate

From 30 % 

Fee for retrieving information in the Credit Info database 

18 GEL

Withdrawal fee

0.20% min. 0.50 GEL.

USD/EURO - 0.50% min. 1 GEL in the respective currency

 

*If Loan amount is less than 200,000 GEL (Equ. in other currency) the loan may be issued only in GEL

In order to get a loan, it is necessary for the consumer to receive income outside the country.

**In the case of a mortgage loan issued in a foreign currency, if the borrower's income is in the currency of the loan - not more than 15 years.

In the case of a mortgage loan issued in a foreign currency, if the income of the borrower and the currency of the loan differ from each other - not more than 10 years.

See the registration / termination fee at the link

When refinancing a mortgage loan issued in a foreign currency from January 1, 2019 to January 1, 2022, if the loan is issued in a foreign currency and the borrower's income and loan currency differ, the maximum loan term is allowed to be 15 years.

Application Form

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