"Move to a New Apartment" Mortgage Loan

A mortgage loan called "Move to a New Apartment" allows you to buy a new apartment or house by exchanging your old one. The main advantage of this product is the simultaneous issuance of two parallel loans: a temporary loan and a primary loan.

The temporary loan can be approved without an income test and must be repaid with the proceeds from the sale of your old apartment or house within an agreed-upon time period.
The primary loan is issued based on an income test and follows standard mortgage loan conditions.

This product enables you to purchase real estate from both construction companies and individuals.

Loan Terms

Minimum amount		GEL 1 000
Maximum amount		Determined individually
Term in GEL		6 to 240 months
Terms in foreign currency		Up to 120 months
Currency		GEL, USD, EUR
Issuance Fee		0.50% (min. 50 units)
Withdrawal fee		see Tariff Packages
Payment Terms		Equal monthly payments
Collateral		Real estate
Type of Income		Salary, allowance, bonus, dividend, rent, remittance, as well as income from self-employed activities.
Search Fee for retrieving information in the Credit Info database		GEL 18/USD 6/EUR 6

See fully

Loan amount		According to the basic loan terms
Loan term		6 months
Loan currency		GEL, USD, EURO
Loan disbursement fee		5%
Loan security		Commercial real estate for sale
Loan repayment terms		Repayment at the end of the term
Annual interest rate (all currencies)	0%
Effective interest rate (all currencies)		12.50%

Withdrawal fee		According to the tariff package
Fee for searching in the Credit Info base		GEL 18/ USD 6/EUR 6

A loan/bank credit of less than 750 000 GEL can be issued only in the national currency (with the exception of the borrower's income and the loan being 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 (fifteen) 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 the currency of the loan differ from each other, the maximum duration of the loan is allowed to be 15 years.

Check the link for registration/termination fee.

The loan is tied to the following indexes:

GEL - Tbilisi Inter Bank Rate - TIBR 1M
USD - Term SOFR
EURO - Euribor

How to Request a Mortgage Loan?

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 Primary Loan Conditions

Loan Amount

Min: 1000₾

Loan term

6

35

65

94

123

152

182

211

240

Min: 6 Month

Max: 240 Month

Monthly payment

1,033.58₾

Annual %

13.02%from

effective %

13.83%from

term

123 Month

Apply online View schedule

*Data is a general guide, please contact us for exact information

#	Initial amount	Interest rate	Monthly payment
1	459.27₾	574.31₾	1,033.58₾
2	289.40₾	744.18₾	1,033.58₾
3	267.79₾	765.79₾	1,033.58₾
4	295.36₾	738.22₾	1,033.58₾
5	274.02₾	759.56₾	1,033.58₾
6	277.05₾	756.53₾	1,033.58₾
7	353.03₾	680.55₾	1,033.58₾
8	284.02₾	749.56₾	1,033.58₾
9	311.24₾	722.34₾	1,033.58₾
10	290.60₾	742.98₾	1,033.58₾
11	317.68₾	715.90₾	1,033.58₾
12	297.33₾	736.25₾	1,033.58₾
13	300.61₾	732.97₾	1,033.58₾
14	327.48₾	706.10₾	1,033.58₾
15	307.56₾	726.02₾	1,033.58₾
16	334.27₾	699.31₾	1,033.58₾
17	314.66₾	718.92₾	1,033.58₾
18	318.14₾	715.44₾	1,033.58₾
19	390.55₾	643.03₾	1,033.58₾
20	325.97₾	707.61₾	1,033.58₾
21	352.29₾	681.29₾	1,033.58₾
22	333.47₾	700.11₾	1,033.58₾
23	359.63₾	673.95₾	1,033.58₾
24	341.14₾	692.44₾	1,033.58₾
25	344.91₾	688.67₾	1,033.58₾
26	370.82₾	662.76₾	1,033.58₾
27	352.83₾	680.75₾	1,033.58₾
28	378.56₾	655.02₾	1,033.58₾
29	360.91₾	672.67₾	1,033.58₾
30	364.90₾	668.68₾	1,033.58₾
31	411.82₾	621.76₾	1,033.58₾
32	373.49₾	660.09₾	1,033.58₾
33	398.78₾	634.80₾	1,033.58₾
34	382.03₾	651.55₾	1,033.58₾
35	407.14₾	626.44₾	1,033.58₾
36	390.76₾	642.82₾	1,033.58₾
37	395.08₾	638.50₾	1,033.58₾
38	419.91₾	613.67₾	1,033.58₾
39	404.09₾	629.49₾	1,033.58₾
40	428.72₾	604.86₾	1,033.58₾
41	413.30₾	620.28₾	1,033.58₾
42	417.87₾	615.71₾	1,033.58₾
43	481.63₾	551.95₾	1,033.58₾
44	427.82₾	605.76₾	1,033.58₾
45	451.94₾	581.64₾	1,033.58₾
46	437.55₾	596.03₾	1,033.58₾
47	461.46₾	572.12₾	1,033.58₾
48	447.49₾	586.09₾	1,033.58₾
49	452.44₾	581.14₾	1,033.58₾
50	476.03₾	557.55₾	1,033.58₾
51	462.70₾	570.88₾	1,033.58₾
52	486.07₾	547.51₾	1,033.58₾
53	473.20₾	560.38₾	1,033.58₾
54	478.43₾	555.15₾	1,033.58₾
55	536.93₾	496.65₾	1,033.58₾
56	489.66₾	543.92₾	1,033.58₾
57	512.44₾	521.14₾	1,033.58₾
58	500.74₾	532.84₾	1,033.58₾
59	523.29₾	510.29₾	1,033.58₾
60	512.06₾	521.52₾	1,033.58₾
61	517.72₾	515.86₾	1,033.58₾
62	539.91₾	493.67₾	1,033.58₾
63	529.42₾	504.16₾	1,033.58₾
64	551.35₾	482.23₾	1,033.58₾
65	541.37₾	492.21₾	1,033.58₾
66	547.36₾	486.22₾	1,033.58₾
67	599.88₾	433.70₾	1,033.58₾
68	560.04₾	473.54₾	1,033.58₾
69	581.31₾	452.27₾	1,033.58₾
70	572.66₾	460.92₾	1,033.58₾
71	593.66₾	439.92₾	1,033.58₾
72	585.56₾	448.02₾	1,033.58₾
73	592.04₾	441.54₾	1,033.58₾
74	612.62₾	420.96₾	1,033.58₾
75	605.36₾	428.22₾	1,033.58₾
76	625.65₾	407.93₾	1,033.58₾
77	618.97₾	414.61₾	1,033.58₾
78	625.82₾	407.76₾	1,033.58₾
79	658.60₾	374.98₾	1,033.58₾
80	640.02₾	393.56₾	1,033.58₾
81	659.56₾	374.02₾	1,033.58₾
82	654.39₾	379.19₾	1,033.58₾
83	673.62₾	359.96₾	1,033.58₾
84	669.08₾	364.50₾	1,033.58₾
85	676.47₾	357.11₾	1,033.58₾
86	695.23₾	338.35₾	1,033.58₾
87	691.64₾	341.94₾	1,033.58₾
88	710.07₾	323.51₾	1,033.58₾
89	707.14₾	326.44₾	1,033.58₾
90	714.96₾	318.62₾	1,033.58₾
91	752.94₾	280.64₾	1,033.58₾
92	731.19₾	302.39₾	1,033.58₾
93	748.77₾	284.81₾	1,033.58₾
94	747.56₾	286.02₾	1,033.58₾
95	764.79₾	268.79₾	1,033.58₾
96	764.28₾	269.30₾	1,033.58₾
97	772.73₾	260.85₾	1,033.58₾
98	789.42₾	244.16₾	1,033.58₾
99	790.01₾	243.57₾	1,033.58₾
100	806.32₾	227.26₾	1,033.58₾
101	807.66₾	225.92₾	1,033.58₾
102	816.59₾	216.99₾	1,033.58₾
103	845.75₾	187.83₾	1,033.58₾
104	834.98₾	198.60₾	1,033.58₾
105	850.32₾	183.26₾	1,033.58₾
106	853.61₾	179.97₾	1,033.58₾
107	868.55₾	165.03₾	1,033.58₾
108	872.66₾	160.92₾	1,033.58₾
109	882.31₾	151.27₾	1,033.58₾
110	896.63₾	136.95₾	1,033.58₾
111	901.98₾	131.60₾	1,033.58₾
112	915.87₾	117.71₾	1,033.58₾
113	922.08₾	111.50₾	1,033.58₾
114	932.28₾	101.30₾	1,033.58₾
115	951.39₾	82.19₾	1,033.58₾
116	953.10₾	80.48₾	1,033.58₾
117	965.90₾	67.68₾	1,033.58₾
118	974.33₾	59.25₾	1,033.58₾
119	986.66₾	46.92₾	1,033.58₾
120	996.01₾	37.57₾	1,033.58₾
121	1,007.02₾	26.56₾	1,033.58₾
122	1,018.66₾	14.92₾	1,033.58₾
123	375.81₾	4.16₾	379.97₾

Frequently Asked Questions

Didn't find what you're looking for?Send us a question

What type of income is necessary to qualify for a loan?

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

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 an overdue loan payment?

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).