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 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
The loan is tied to the following indexes:
- GEL - Tbilisi Inter Bank Rate - TIBR 1M
- USD - Term SOFR
- EURO - Euribor
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.
Contact us:
- Phone: 032 255 00 00
- Email: info@terabank.ge
Calculate Loan Conditions
How is the effective 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 minimum required age of a borrower?
20 years.
Who can be my co-borrower?
It is possible to register a family member as a co-borrower.
What happens in case of overdue?
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).
