Fill in an Application Build a house / buy land
Mortgage is a real estate secured long-term loan that is disbursed for buiding a house or purchasing land.
| Loan interest rate | 10.5% GEL / from 6% USD / from 3% EUR |
| Effective interest rate | From 12.20% in GEL / from 8.05% in USD / from 5.52% in EUR |
| Minimum loan amount | GEL 10,000 |
| Maximum loan amount | GEL 1,300,000 or equivalent in other currency |
| Maximum loan term | 15 years |
| Loan currency | GEL, USD, EUR |
| Grace period | 0-6 months |
| Downpayment | From 0% |
| Upfront commission fee | From 0.5% |
| Pre-payed fee | 0% - 2% |
| Real estate insurance | 0.3% |
| Life insurance | 0.4% |
| Special note | Loans up to GEL 200,000 are issued in national currency |
- Simple approval procedure
- Decision-making takes 1 day
- Low interest rate
- Long-term repayment schedule
- Income confirmation
- Georgian citizenship document/ residence permit
- Excerpt on the real estate to be purchased
- Cost-estimate for works to be carried out
Loan collateral:
Real estate owned/to be purchased by the borrower, or real estate owned by a third person
- Minimum monthly income of GEL 1,000
- Minimum 6-month working experience
- The income shall be received at any bank active in Georgia
- Age – 23-70 (including the loan term)