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
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Bank – Leasing Company
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Leasing Company – Individual
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Amount
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<= 1,000,000 GEL or its equivalent in foreign currency |
Depending on the volume of bank lending
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Currency
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GEL, USD, EUR (loans up to 200,000 GEL are disbursed only in GEL)
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GEL, USD, EUR (loans up to 200,000 GEL are disbursed only in GEL)
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Maturity
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GEL - 15 years
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Leasing (a)
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Disbursement fee
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USD, EUR – 10 years
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GEL - 15 years
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Annual interest rate
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According to the bank's mortgage lending standards
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USD, EUR – 10 years
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Security
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According to the bank's mortgage lending standards |
Leasing (b)
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LTV
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Real estate (owner - "Leasing Company")
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GEL - 4 years
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Co-borrower
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Deposit (Owner - Leasing Company) |
USD, EUR – 4 years
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Contribution
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LTV real estate:
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Leasing (a)
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Fee for retrieving information from Credit Info database
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GEL- 85% |
According to the bank's standards
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