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Product Description and Terms and Fees
If you wish to buy/renovate/build an apartment or a house, or buy commercial property or a plot of land, you can apply for a mortgage loan.
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| Purpose |
Purchase, building, renovation of an apartment; purchase of a plot of land |
| Amount |
3000-500 000 USD* (GEL/EUR equivalent) |
| Term |
6-240 months (120 months for foreign currency loans) |
| Interest Rate |
GEL from 12%, EURO from 10.35%, USD from 8.5% (for loans linked to the index)** |
| Effective Interest Rate |
GEL from 13.39%, EUR from 11.61%, USD from 9.59% |
| Disbursement Fee |
0.60% |
| Collateral |
Real estate – apartment, commercial property, plot of land |
| Borrower Participation |
From 15% |
| Borrower |
Georgian or foreign citizen |
| Co-Borrower |
The co-borrower can be a family member. No more than three borrowers are allowed on one loan (the main borrower plus two co-borrowers) |
| Income |
Salary, rental income, remittances, dividends |
| Proof of Income |
Salary statement from a bank or from the Revenue Service; rental agreement; remittance statement; business analysis |
| * |
Loans up to 400 000 GEL are only disbursed in GEL |
Loans up to 400 000 GEL are disbursed to Georgian citizens in GEL only;
Interest rates provided in the table are tied to the public index.
Index: GEL - TBILISI INTERBANK INTEREST RATE – TIBR 1M INDEX; USD – Term SOFR; EUR – Euro EVRIBOR
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