Back VTB Bank joins the programme of mortgage loan subsidisation

VTB Bank has joined the programme of mortgage loan subsidisation. Citizens of Georgia can benefit from this programme, if they purchase an apartment from any development company before the end of 2020 with the loan amount not exceeding GEL 200 000. The loan subsidy provides for the co-financing up to 4% of the interest rate for the period of 60 months. 

Under this programme, the interest rate may be subsisided even in the event of the acquisition of more than one apartment, provided that the total amount of the loan does not exceed GEL 200 000. 

Valerian Gabunia, Chief Retail Banking Officer of the VTB, said: “That is the very important programme. On the one hand, it would facilitate the advancement of the development sector, on the other, it provides a unique opportunity to buy immovable property at a historically minimal interest rate in lari. VTB Bank cooperates with a great number of development companies; we are offering our clients the complex servicing that permits to explore the best option on the real estate market together with obtaining the loan for the acquisition of the desired apartment.

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