Simplified Mortgage to Buy a Home


If you intend to purchase a new home from a real estate development company or would like to replace an existing internal installment payment scheme with a loan, then our new and innovative product from Terabank is for you.

Customers will be able to obtain the simplified mortgage loan without having their income paid into a banking account. In order to qualify for the amount needed for a property purchase, you must check the following two boxes:  have 20% of the total price of the apartment and have a positive loan or internal installment repayment history.
 

Terms for Simplified Mortgage
Loan amount

   min - 1,000 GEL


   max-280 000

Loan term

   min - 6 months


   max - 144 Years

Loan currency

   GEL

Anual interest rate

GEL – from +4.2% to re-financing rate 

 
Effective interest rate

GEL-from 16.10%  

 
 

loan repayment rate

  equal monthly installments

collateral

  Real estate

Loan disbursement fee

  0.5%  (min.50 units)
Fee for searching the information on not being allocated in the Credit Info base  18 GEL
Withdrawal Fee 0.20% min. 0.50 GEL

Contribution in case of purchase of real estate

 From 30 % 

See the registration / termination fee at the link

 

Application Form

Security Code