Buy an apartment with a subsidized loan and enjoy smaller interest payments
From 1 July 2020, TBC joins the state programme for mortgage interest rate subsidy. Launched by the government to support the RE development and construction sector, the programme envisages funding of up to 4% of annual interest on mortgage loans for a period of five years.
What is the state subsidy programme?
The state subsidy programme is a government incentive aimed at promoting the RE development sector through funding part of the interest rate on mortgage loans.
To qualify for the programme, a customer must apply for a mortgage loan to buy an apartment from a RE developer before the end of this year. The submission deadline for subsidy applications is 31 December, while the deadline for government guarantees is 20 December. The maximum loan amount is 200,000 GEL and the maximum loan tenor is 240 months. Customers are required to make at least 10% down payment and provide documentary evidence of participation. The programme only applies to loans in national currency.
For additional information please contact us on our 24-hour call center at *2727 or visit any TBC branch throughout Georgia.