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).
*During the indexed period, the interest rate is linked to the National Bank of Georgia's refinancing rate, which may fluctuate (increase or decrease). Consequently, both the loan interest rate and the monthly payment will change accordingly.
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.
