Mortage loan
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If you plan to purchase, build or renovate real estate, we offer a long-term mortgage loan with acceptable tailored to you.
Characteristics
Loan currency
GEL, USD, EUR
Maximum loan amount
Unlimited
Maximum loan term
240 months
Interest rate
From 10,5% GEL / 7% USD / 5% EUR
Effective interest rate
From 11.86% in GEL / 7.37% in USD / 5.24% in EUR
Downpayment
Not required
Coverage rule
Monthly, equal payments
Issuance fee
From 0.5%
Withdrawal fee
0.2% (GEL), 0.5% (USD, EUR)
Early repayment fee
0-2% (in fixed period) 0-0.5% (in indexed period)
Late payment penalty
0.4% of the overdue amount (for each overdue day), not exceeding the requirements specified by law
Real estate insurance
Not mandatory
Life insurance
Not mandatory
Mortgage registration + termination fee (per property)
157 GEL + 150 GEL
*Loans of less than 750,000 GEL will be issued only in national currency, except for cases provided by law.
**Lending rates are linked to the following indices: refinancing rate of the National Bank of Georgia (GEL), 6-month Term SOFR (USD), 6-month EURIBOR (EUR)
Loan security
- Property purchased or owned by the borrower / with the borrower / third party.
List of basic documents required to obtain a loan
- Identity document of the borrower / co-borrower / pledger;
- Extract from the Public Register on the objects of financing and collateral;
- Documents confirming income.
Borrower Criteria and Requirements
- Age - 21-70 years (at the date of loan repayment)
- Income - a stable income of any type: salary, dividend, rent, income of self-employed persons ...
- Co-borrower - if your income is insufficient to get the required amount, you can add any family member / members with stable incomes as a co-borrower.
