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.
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.
The Loan is tied to the following indexes:
GEL - Tbilisi Inter Bank Rate - TIBR 1M
USD - Term SOFR
EURO - Euribor
How do I get a loan?
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 interest 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?
Mortgage loans are issued to people aged 20 to 70 years.
Who can be my co-borrower?
It is possible to register a household 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).
