Mortgage Leasing - An Additional Opportunity to Purchase Real Estate

 

If you want to buy real estate from a development company and you have the appropriate income but you are unable to provide the necessary amount or additional security guarantee, Terabank's innovative product mortgage leasing offers you an additional opportunity.

 

In order to use mortgage leasing, it is enough to submit at least 5% of the asset's value in GEL and 10% in foreign currency. The leasing company will purchase the desired property from the developer and hand it over to you under the relevant agreement.

 

After reducing the leasing debt with monthly payments and collecting the appropriate amount of co-payment, your financing will continue with a standard mortgage loan. 

 

Loan Parameters
 

 

Bank – Leasing Company

Leasing Company Individual

Amount

<= 1,000,000 GEL or its equivalent in foreign currency

Depending on the volume of bank lending

Currency

GEL, USD, EUR (loans up to 200,000 GEL are disbursed only in GEL)

GEL, USD, EUR (loans up to 200,000 GEL are disbursed only in GEL)

Maturity

GEL - 15 years
 

Leasing (a)

Disbursement fee

USD, EUR – 10 years

GEL - 15 years

Annual interest rate

According to the bank's mortgage lending standards

USD, EUR – 10 years

Security

According to the bank's mortgage lending standards

Leasing (b)

LTV

Real estate (owner - "Leasing Company")

 

GEL - 4 years

 

Co-borrower

Deposit (Owner - Leasing Company)

USD, EUR – 4 years

Contribution

LTV real estate:

Leasing (a)

Fee for retrieving information from Credit Info database

GEL- 85%

According to the bank's standards

 

 

Application Form

Security Code