Simplified Mortgage Loan

Buy an apartment from a developer company or replace the internal installment plan with a loan without proof of income.

  • Term: up to 144 months     
  • Currency: GEL

Simplified Mortgage Loan

If you are planning to buy a house from a development company or want to replace the existing internal installments in this company with a loan, take advantage of a simplified mortgage loan.

There are only two main conditions to get the money needed to buy a house: own 20% of the apartment's value and have a positive history of paying loans or installments to the development company. You can get a loan even if your salary is not credited to your bank account.

Loan Terms

Min Loan Amount   GEL 1 000
Max Loan Amount   Determined Individually
Term   From 6 to 144 months
Currency   GEL
Issuance Fee   0.50% (min. 50 units)
Payment Rate   Monthly equal installments
Collateral   Real estate
Withdrawal fee   see Tariff Packages
Search fee for information in the credit information bureau   18 GEL/6 USD/6 EURO

Check the link for registration/termination fee.

How to Request a 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:

Calculate Loan

Other Loans

Mortgage Loan

Mortgage Loan

A mortgage loan for the purchase, construction, or renovation of desirable real estate.

"Move to a New Apartment" Mortgage Loan

"Move to a New Apartment" Mortgage Loan

A loan for those who want to replace their old apartment with a new one.

Mortgage Loans for Immigrants

Mortgage Loans for Immigrants

Mortgage loan issued without the need for additional collateral.

Subsidized Mortgage Loan

Subsidized Mortgage Loan

Special conditions for individuals participating in the mortgage subsidy program.

Investment Mortgage Loan

Investment Mortgage Loan

An investment mortgage loan can help you turn real estate into a source of income.

Consumer Loan For Couriers

Consumer Loan For Couriers

Standard loan for achieving personal goals.

Consumer Loan

Consumer Loan

Standard loan for achieving personal goals, such as travel, equipment purchase, renovation.

Auto Credit

Auto Credit

Installments for the purchase of the desired car, without proof of income.

Online Installment

Online Installment

Installments for the desired item within the comforts of your home in Terabank's partner stores.

Simplified Mortgage Loan

Simplified Mortgage Loan

For those who want to buy an apartment in a developer company, or replace the internal installments within the same company with a loan.

Loan Secured by Funds

Loan Secured by Funds

Terabank allows you to take advantage of a loan secured by your own deposit and choose the repayment method: you can either repay the loan monthly according to your preferred schedule or pay it off in full at the end of the term from the deposit amount.

Long-Term Student Loan

Long-Term Student Loan

Tailored financing for students and future students pursuing higher education.

Frequently Asked Questions

Didn't find what you're looking for? Send us a question
How is the effective interest rate calculated?

The effective interest rate is calculated by taking into account all the necessary financial expenses and the period of expenditure.
 

What is the minimum required age of a loan borrower?

Simplified Mortgage Loan is issued to persons aged 20 to 70.

Who can be my co-borrower?

A co-borrower can be a member of a household/family business.
 

What are the co-borrowing conditions?

  • In case of purchase from the development company - minimum 20%
  • If you purchase from an individual - minimum 40%

What happens in case of overdue?

If the consumer loan repayment is overdue, a penalty is charged: 10 GEL/ 6 USD/ 4 EUR - on the first day. Followed by 0.27% of the unpaid amount for each subsequent day overdue (no more than the requirements defined by law).
 

To which indices is the loan currency linked?

GEL - Tbilisi Inter Bank Rate - TIBR 1M.
 

Got more questions?

info@terabank.ge Send us a message
Visit Us Check out our branches
Loans
Loans
Deposits
Deposits
Cards
Cards
More