Terabank customers who want to buy real estate from development companies can take advantage of a completely new product - mortgage leasing.
Mortgage leasing is an additional convenient option for those who have the necessary income to purchase the desired real estate but are unable to provide the full amount required for additional security or co-payment. This innovative product combines attractive conditions with a high level of security.
To take advantage of Terabank’s mortgage leasing, a customer should submit at least 5% of the asset's value in GEL and 10% in foreign currency after which the leasing company will purchase the desired property from the developer and turn it over to the customer under the relevant agreement. After lowering the leasing debt with monthly payments and collecting the appropriate amount of co-payment, financing with a standard mortgage loan will continue.
Both existing and new Terabank customers can benefit from the innovative mortgage leasing.
