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- Individually
|
| Loan term |
min - 6 months
max - 144 Years
|
| Loan currency |
GEL
|
| Anual interest rate |
GEL – from +3.8% to re-financing rate
|
|
|
| Effective interest rate |
|
| |
| |
|
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
*The effective interest rate is calculated for 100,000 units. Term - 84 months.