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 | 14% in GEL / 10% in USD / 8% in EUR |
Effective interest rate | 15.93% in GEL / 11.55% in USD / 9.34% in EUR |
Minimum loan amount | GEL 1,000 |
Maximum loan amount | GEL 1,300,000 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 |
Loan collateral:
NB:
Real Estate belonging to both Borrower or any third party is acceptable as a collateral.