Terabank is thrilled to introduce our product designed to simplify the process of acquiring a new residential apartment or house in exchange for your current one. "Move to a New Apartment" has been meticulously crafted for this purpose, featuring a unique benefit: the simultaneous issuance of two parallel loans - a temporary loan and a primary loan.
With the funds obtained through this product, you can swiftly purchase your desired real estate. Furthermore, you will enjoy an extended grace period of six months to sell your existing apartment. At the conclusion of this period, you will be required to settle the temporary loan in full.
What sets our product apart are its flexible terms. The primary loan adheres to the standard mortgage loan conditions while the temporary loan is offered without the need for an income assessment. The temporary loan boasts a 0% interest rate, with an effective interest rate starting at 7.1%, an issuance fee of 3% applies and the loan is to be repaid at the end of its term.
Our valued customers utilizing this innovative product can explore real estate opportunities from both construction companies and individual sellers. The loan is available in GEL, USD and EUR, providing you with options to suit your preferences.
