A subsidized mortgage is a program of the "Enterprise Georgia" agency, offering improved mortgage loan conditions to families with newborn children.
A subsidized mortgage can be utilized for purchasing, building, or renovating real estate. Additionally, it is possible to issue a loan within the same program for the purpose of refinancing an already issued loan.
Subsidized Mortgage Loan Conditions
Required Documents:
- Identity document of the borrower
- Civil marriage certificate (marriage certificate)
- In case of single parenthood, single parent status certificate/divorce certificate
- Birth certificate of a minor child/child/adopted person
- In case of adoption, a document confirming the adoption (if any)
- In case of widowhood, the death certificate of the spouse
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 much is the loan financed with?
1.5% minus the refinancing rate, no more than 8%, if the borrower has:
- 3 or more minor children and one of them is under 1 year of age;
- 3 or more minor children and one of them is adopted after September 1, 2021 (minor);
- 4 or more minor children and one of them was born or adopted after September 1, 2022 (minor) and already benefits from the subsidy program.
Who can benefit from the subsidy program?
- Families, single parents, or widows with a child under the age of 1 born after September 1, 2023, at the time of taking the loan
- Families, single parents, or widows with 3 or more children (at least one of them under the age of 1) at the time of taking a loan, upon purchasing or adopting a child after September 1, 2022
- Families, single parents, or widows with a minor child at the time of taking the loan, adopted after September 1, 2021 (It is necessary to have a child under one year of age at the time of taking the loan).
What is the minimum required age of a borrower?
20 years.
What type of income should I have?
Salary, allowance, bonus, dividend, lease, remittance. Also income from tutoring, dentist, barber, babysitter, tailor and taxi driver and forms of self employment.
What happens in case of overdue?
If the loan repayment is overdue, a penalty is charged: GEL 10 - 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).
