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.
 
 
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 13.2%; EUR - from 5,6%; USD – from  6.9% (for indexed loans)
Effective Interest Rate GEL - from 14.92%; EUR - from 6.67%; USD – from 8.04%
Disbursement Fee 0.40%
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 200 000 GEL are only disbursed in GEL
Loans up to 200 GEL are disbursed to Georgian citizens in GEL only; 
Interest rates provided in the table are tied to the public index. 
Index: GEL – NBG Refinancing Rate; USD – LIBOR; EUR – Euro LIBOR