| Terms for standard Mortgage loan |
| Loan amount |
min - 1,000 GEL
max-individualy*
|
| Loan term |
min - 6 months
max:
in GEL- 240 months
USD, EURO - 120 months**
|
| Loan currency |
GEL, USD, EUR
|
| Anual interest rate |
GEL – from +3.3% to re-financing rate
USD(Libor-based variable rate) - from 6.95%
EURO(Euribor-based variable rate)- from 6.6%
|
|
| Effective interest rate |
GEL- from 15.6%
from 8.2% in USD
from 6.9% in EUR
|
|
|
loan repayment rate
|
equal monthly installments
|
|
collateral
|
Real estate
|
| volume of income |
GEL 300 (Equivalent in USD and EUR)
|
|
Loan disbursement fee
|
0.5% (min.50 units) |
| Fee for searching the information on not being allocated in the Credit Info base |
18 GEL/ 6 USD/ 6 EURO |
|
Contribution in case of purchase of real estate
|
0 % (fixed as per the liquidation value of the property)
|
|
Withdrawal Fee
|
GEL - 0.20% min. 0.50 GEL
|
|
USD/EUR - 0.50% min. 1 GEL (in the respective currency)
|
*Less than 200,000 GEL (in equivalent currency) will be issued in GEL only.
**In the case of a mortgage loan issued in a foreign currency, if the borrower's income is in the currency of the loan - not more than 15 years.
In the case of a mortgage loan issued in a foreign currency, if the income of the borrower and the currency of the loan differ from each other - not more than 10 years.
When refinancing a mortgage loan issued in a foreign currency from January 1, 2019 to January 1, 2022, if the loan is issued in a foreign currency and the borrower's income and loan currency differ, the maximum loan term is allowed to be 15 years.
The loan is disbursed to residents of Georgia, as well as non-resident persons. The loan is disbursed to non-resident persons within the terms of the business contract applicable in Georgia.
See the registration / termination fee at the link