TBC joins the state subsidy programme
From 1 July 2020, TBC joins the state programme for mortgage loan 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.
Basic Conditions:
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.
Example:
*The TBC Mortgage Centre will offer STATUS clients special terms and discounts if apartments are purchased from TBC Bank's partner RE developers.
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