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 foreign currency, if the borrower's income is in the currency of the loan, the loan term can be no more than 15 years.
And in the case of a mortgage loan issued in foreign currency, if the income of the borrower and the currency of the loan differ from each other, the term of the loan can be no more than 10 years.
Loans are granted to both residents and non-residents of Georgia. The loan is granted to non-residents under the terms of the business agreement valid in Georgia.
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 loan currency differ from each other, the maximum duration of the loan is allowed to be 15 years.
How do I get a loan?
Contact us:
- Phone: 032 255 00 00
- Email: info@terabank.ge
Calculate Loan
The investment mortgage loan is intended for those who plan to purchase, or renovate real estate for future income.
In the process of reviewing the loan, the bank also takes into account the rent that you will receive in the future by renting out the purchased or renovated apartment.
Salary, allowance, bonus, dividend, lease, allowance. Also income from tutoring, dentist, barber, babysitter, tailor, and taxi driver and other private activities.
Mortgage loans are issued to people aged 20 to 70 years.
The minimum amount of a mortgage loan is 1 000 GEL.
The effective interest rate is calculated taking into account all the necessary financial costs and the period of incurring the cost.
The maximum term of the loan issued in GEL is 240 months; For loans issued in foreign currency, if the borrower's income and the currency of the loan are different, the maximum term is 120 months.
It is possible to register a household member as a co-borrower.
Investment mortgage loans can be secured by real estate.
- Lari - Tbilisi interbank interest rate - TIBR 1M index
- USD - Term SOFR
- Euro - Euribor index
On the first overdue day, a penalty fee of 10 GEL (6 USD/4 EUR) is charged. Subsequently, 0.27% of the overdue amount payable for each overdue day (not more than the requirements defined by law).
Participation is possible from 0%.