Mortgage Loans

 

 

 

Terms for standard Mortgage loan
Loan amount

min - 1,000 GEL


max-individualy*

Loan term

min - 6 months


max:

in GEL- 240 months

USD, EURO - 120 months**

Loan currency

   GEL, USD, EUR

Anual interest rate

GEL – from +2.7% to re-financing rate 


USD(Libor-based variable rate) - from 6.70%


EURO(Euribor-based variable rate)- from 5.70%

 

Effective interest rate

GEL- from 14.30% 


from 7.60%  in USD


from 6.50 % in EUR

loan repayment rate

equal monthly installments

collateral

Real estate

volume of income

GEL 300 (Equivalent in USD and EUR)

Loan disbursement fee

0.5%  (min.50 units)
Fee for searching the information on not being allocated in the Credit Info base 18 GEL/ 6 USD/ 6 EURO 

Contribution in case of purchase of real estate

0 % (fixed as per the liquidation value of the property)

Withdrawal Fee

GEL - 0.20% min. 0.50 GEL

USD/EUR - 0.50% min. 1 GEL (in the respective currency)

*Less than 200,000 GEL (in equivalent currency) will be issued in GEL only.

**In the case of a mortgage loan issued in a foreign currency, if the borrower's income is in the currency of the loan - not more than 15 years.

In the case of a mortgage loan issued in a foreign currency, if the income of the borrower and the currency of the loan differ from each other - not more than 10 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 loan currency differ, the maximum loan term is allowed to be 15 years.

The loan is disbursed to residents of Georgia, as well as non-resident persons. The loan is disbursed to non-resident persons within the terms of the business contract applicable in Georgia.

See the registration / termination fee at the link

 

Application Form

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