Mortgage Loan

Buy, build, or renovate real estate with a Terabank mortgage loan.

  • Term: in GEL - up to 240 months
  • In foreign currency - up to 120 months
  • Currency: GEL, USD, EUR

Mortgage Loan

Mortgage loan conditions

Minimum Mortgage loan amount   GEL 1 000
Maximum Mortgage loan amount   Determined Individually
Mortgage term in GEL   From 6 months to 240 months
Mortgage term in foreign currency   Up to 120 months
Currency   GEL, USD, EUR
Issuance Fee   0.50% (min. 50 units)
Loan repayment terms   equal monthly payments
Loan security   Movable property
Type of income   Salary, allowance, bonus, dividend, rent, remittance, as well as income from self-employed activities
Withdrawal fee   see Tariff Packages
Search fee for information in the credit information bureau   18 GEL/6 USD/6 EURO

See fully

A loan or bank credit for amounts less than GEL 400 000 can only be issued in the national currency, except when the borrower's income and the loan are in the same currency.

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.

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.

The loan is disbursed to residents of Georgia, as well as non-resident persons. The loan is disbursed to non-resident persons within the terms of the business contract applicable in Georgia.

The effective interest rate is calculated for 100 000 units. Term - 84 months.

See the registration / termination fee at the link

Loan application process

Follow these steps to get your loan via internet bank
 
 
Log in to the Internet banking Visit: https://ebanking.ge/login and enter your credentials
 
Navigate to "Offers"
 
 Select "Loans"
 
Complete the application form Enter the required information in the appropriate fields
You can sign up for loan from our website!
 
 
Open the online application pageVisit: www.terabank.ge and click on the online application button.
 
From the list of online applications, select the desired card application Fill your mobile number
 
Complete the application form Enter the required information in the appropriate fields.

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Frequently Asked Questions

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What can I get a mortgage for?

A mortgage loan can be taken for the purchase, construction, or repair of real estate, as well as for the refinancing of an existing mortgage loan.
 

What type of income should I have?

Salary, allowance, bonus, dividend, rent, remittance or income from tutoring, dentist, barber, babysitter, tailor, and taxi driver and other private activities.

Is there an age restriction?

Mortgage loans are issued to persons aged 20 to 70 years.

What is the minimum amount of mortgage I can take?

The minimum amount of mortgage loan is 1 000 GEL.

How is the effective interest rate calculated?

The effective interest rate is calculated taking into account all the necessary financial costs and the period of incurring the cost.

What is the term of the mortgage loan?

The maximum term of the loan issued in GEL is 240 months; In the case of a mortgage loan issued in foreign currency, if the borrower's income and the currency of the loan differ from each other, the maximum term is 120 months.

Who can be my co-borrower?

It is possible to register a family member as a co-borrower.

How can I secure a mortgage loan?

Mortgage loans can be secured by real estate.

To which indices is the mortgage loan currency linked?

  • Lari - Tbilisi interbank interest rate - TIBR 1M index
  • USD - Term SOFR
  • Euro - Euribor index

What happens in case of overdue?

On the first overdue day, a penalty fee of 10 GEL (6 USD/4 EUR) is charged. Subsequently, 0.27% of the overdue amount payable for each overdue day (not more than the requirements defined by law).
 

What are the conditions for participation?

Participation is possible from 0%.

Got more questions?

info@terabank.ge Send us a message
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