*In every case annual interest rates amount depends on the loan value and term, the borrower’s length of service and job contract, the borrower’s documented income and income of other family members, and also the rating and reliability of the organization where the borrower is working.

Loan Volume: Max. 150, 000 $

Purpose: House/Summerhouse purchase, house renovation/improvement

Loan Currency: USD

Individuals eligible to Mortgage:

Mortgage loans are available to the individuals with documented stable income, minimum 600 GEL, obtained in form of:

•          Salary;
•          Rental income;
•          Dividends;

Borrower should be employed for not less than 6 moths.

Co-Participation: 0% for loans with minimum 150% Collateral Coverage and 30% for loans with 100% Collateral Coverage.

Bonus: Useful mortgage loan owner will be able to get a new loan at the end of every year in the  amount of 80% from the total sum of Useful mortgage loan repayments met by the client by the end of the year.

For instance, If a client has a USD 100,000 loan and (s)he covers loan repayments amounting to USD 20,000 during 1 (one) year, by the end of the year if (s)he desires to get an additional loan amount (s)he will be entitled to guaranteed USD 20,000 X 80% = USD 16,000.

Required documents:

•          Application on getting a loan;

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•          Recommendation from supervisor;
•          Documented stable income;

Requirements for obtaining mortgage loans:

•          Submit the application about getting the loan Submit required documents to the bank;
•          Inspecting the subject of collateral;
•          Mortgage or held as guarantee subject of collateral;

The average time from the submission of supporting documents to the final decision to grant a loan is 3 days.