Terabank's mortgage loans are available for buying, building, renovating real estate, or refinancing existing mortgages and can be used by individuals with both standard and private income.
Mortgage loan conditions
A loan or bank credit for amounts less than GEL 1 000 000 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 loan currency - no more than 20 (twenty) years.
In the case of a mortgage loan issued in a foreign currency, if the borrower's income and the loan currency are different - no more than 10 (ten) 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.
See the registration/termination fee at the link
The loan is tied to the following indexes:
- GEL - Tbilisi Inter Bank Rate - TIBR 1M
- USD - Term SOFR
- EURO - Euribor
The effective interest rate is calculated for 100 000 units. Term - 84 months.
Loan application process
Contact us:
- Phone: 032 255 00 00
- Email: info@terabank.ge
The effective interest rate is calculated taking into account all the necessary financial costs and the period of incurring the cost.
20 years.
It is possible to register a family member as a co-borrower.
If the loan repayment is overdue, a penalty is charged: GEL 20 GEL/USD 6/EUR 4 - on the first day, Followed by 0.50% of the unpaid amount for each subsequent day overdue (no more than the requirements defined by law).
