Fill in an Application Real Estate Secured Loan
Universal Mortgage is a long-term loan secured with real estate. It may be used for long-term objectives.
Available credit limit may even allow consolidation of other loans and improvement of your financial conditions.
| Loan interest rate | 13% in GEL / 9% in USD / 7% in EUR |
| Effective interest rate | From 14.82% in GEL / from 10.99% in USD / from 8.88% in EUR |
| Minimum loan amount | GEL 1,000 |
| Maximum loan amount | GEL 1,000,000 or equivalent in other currency |
| Maximum loan term | 10 years |
| Loan currency | GEL, USD, EUR |
| Downpayment | Not required |
| Upfront commission fee | 1% |
| 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 |
- Low interest rate
- No contribution required
- Long-term repayment schedule available
- No limitations in regard with loan designation
- Georgian citizenship document/ residence permit
- Income certificate (if not received at VTB Bank (Georgia))
- Registry Statement pertaining real estate presented as a collateral
Loan collateral:
- Real estate
NB:
Real Estate belonging to both Borrower or any third party is acceptable as a collateral.
- Minimum monthly income of GEL 200
- Acceptable forms of income: salary, rent, dividend
- 3 months work experience (income certificate)
- Respective income shall be received via bank account opened with any bank operating in Georgia
- Age: 20-70 years (at the end of loan term)