Question 1

Can I finance my purchase with a Georgian bank?

Accepted Answer

Georgian banks offer mortgages to non-residents with a minimum down payment of 30% to 40%, over 10 to 15 years, at rates of 10% to 14% in GEL or 7% to 9% in USD.

Question 2

How do developer payment plans work?

Accepted Answer

Developers offer interest-free payment schedules over 24 to 60 months. A down payment of 20% to 30% secures the reservation, followed by equal monthly payments until completion.

Question 3

Are there penalties for late payments?

Accepted Answer

Most contracts include a penalty of 0.1% per day of delay, capped at 10% of the installment. A delay of more than 30 days can lead to termination with partial refund.

Question 4

Can I settle my payment plan early?

Accepted Answer

Yes. Early settlement can be made without penalty and often entitles you to a 3% to 5% discount, which can be negotiated with the developer, depending on the construction progress.

Question 5

What happens if I can no longer pay?

Accepted Answer

The contract generally allows the transfer of the property to a third party to recover the amounts paid, with the developer's agreement. Unilateral termination results in a retention of 10 to 20%.

Question 6

Can I pay with cryptocurrencies?

Accepted Answer

Some developers accept USDT or BTC via a local exchange, but registration with the Public Registry requires settlement in fiat currencies. RUSTAVELI PROPERTIES only supports crypto payments through regulated on-ramps.

Question 7

Does the payment have to go through a Georgian account?

Accepted Answer

No. Payment can be made directly from a foreign account to the developer's account. Proof of source of funds is requested by the receiving bank for amounts exceeding 30,000 USD.

Question 8

Is there a notary escrow in Georgia?

Accepted Answer

Georgia does not have a notary escrow account like in France. Legal security relies on immediate registration with the Public Registry after each key payment.

Question 9

Can I mortgage my Georgian property to finance another purchase?

Accepted Answer

Yes, Georgian banks accept unencumbered property as collateral for a loan up to 70% of the appraised value, with rates of 9 to 12% in USD.

Question 10

Is Georgian mortgage loan insurable?

Accepted Answer

Life and disability insurance is required by banks, at approximately 0.3% per year of the outstanding capital. Borrower insurance is included in the monthly payment.

Question 11

What are the credit conditions at Bank of Georgia?

Accepted Answer

Bank of Georgia offers non-residents loans over 10 to 15 years, with a minimum down payment of 30 to 40%, and rates of 9 to 11% in USD. The standard application requires a passport, 6 months of bank statements, and proof of income.

Question 12

What are the credit conditions at TBC Bank?

Accepted Answer

TBC Bank offers non-residents loans over 10 to 15 years, with a minimum down payment of 30 to 40%, and rates of 9 to 11% in USD. The standard application requires a passport, 6 months of bank statements, and proof of income.

Question 13

What are the credit conditions at Liberty Bank?

Accepted Answer

Liberty Bank offers non-residents loans over 10 to 15 years, with a minimum down payment of 30 to 40%, and rates of 9 to 11% in USD. The standard application requires a passport, 6 months of bank statements, and proof of income.

Question 14

What are the credit conditions at Credo Bank?

Accepted Answer

Credo Bank offers non-residents loans over 10 to 15 years, with a minimum down payment of 30 to 40%, and rates of 9 to 11% in USD. The standard application requires a passport, 6 months of bank statements, and proof of income.

Question 15

What are the credit conditions at Basisbank?

Accepted Answer

Basisbank offers non-residents loans over 10 to 15 years, with a minimum down payment of 30 to 40%, and rates of 9 to 11% in USD. The standard application requires a passport, 6 months of bank statements, and proof of income.

Question 16

What down payment is needed to finance 30,000 USD?

Accepted Answer

For a 30,000 USD project, the minimum bank down payment is 30 to 40%. A combination of developer installment plan (24 to 60 months) + bridge loan can optimize cash flow.

Question 17

What down payment is needed to finance 50,000 USD?

Accepted Answer

For a 50,000 USD project, the minimum bank down payment is 30 to 40%. A combination of developer installment plan (24 to 60 months) + bridge loan can optimize cash flow.

Question 18

What down payment is needed to finance 80,000 USD?

Accepted Answer

For an 80,000 USD project, the minimum bank down payment is 30 to 40%. A combination of developer installment plan (24 to 60 months) + bridge loan can optimize cash flow.

Question 19

What down payment is needed to finance 100,000 USD?

Accepted Answer

For a 100,000 USD project, the minimum bank down payment is 30 to 40%. A combination of developer installment plan (24 to 60 months) + bridge loan can optimize cash flow.

Question 20

What down payment is needed to finance 150,000 USD?

Accepted Answer

For a 150,000 USD project, the minimum bank down payment is 30 to 40%. A combination of developer installment plan (24 to 60 months) + bridge loan can optimize cash flow.

Question 21

What down payment is needed to finance 200,000 USD?

Accepted Answer

For a 200,000 USD project, the minimum bank down payment is 30 to 40%. A combination of developer installment plan (24 to 60 months) + bridge loan can optimize cash flow.

Question 22

What down payment is needed to finance 300,000 USD?

Accepted Answer

For a 300,000 USD project, the minimum bank down payment is 30 to 40%. A combination of developer installment plan (24 to 60 months) + bridge loan can optimize cash flow.

Question 23

What down payment is needed to finance 500,000 USD?

Accepted Answer

For a 500,000 USD project, the minimum bank down payment is 30 to 40%. A combination of developer installment plan (24 to 60 months) + bridge loan can optimize cash flow.

Question 24

Can I finance through real estate crowdfunding?

Accepted Answer

Conditions vary depending on the profile and the bank; RUSTAVELI PROPERTIES directs clients towards the most suitable banking or developer arrangement based on the project and available cash flow.

Question 25

Are early repayments possible for loans?

Accepted Answer