Easy mortgage
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If you can not prove your income, but you have a history of certain installments, you can use a mortgage to buy or renovate real estate.
Characteristics
Loan currency
GEL
Maximum loan term
20 years
Interest rate
From 10.5%
Effective interest rate
From 11.86%
Downpayment
20%
Payment History
Payment history is considered: Deposits on bank liabilities; Supplements made on bank deposits; Amounts of rent paid; Amounts paid to the development company (seller).
Loan security
- Real estate owned / acquired by the borrower / co-borrower or owned by a third party.
List of key documents to be submitted to get a loan:
- Identity document;
- Extract of real estate from the public register;
- Documents confirming the contributions made;
- Proof of existing or spent co-payment.
Borrower selection criteria
- Age - 21-70 years (end of term)
- Income - any kind of stable income: salary, dividend, rent, self-employment income ...
- Co-borrower - If your income is not enough to get the requested amount, you can hire a member of a stable income family member / members.
