Georgian bank mortgage simulator
Estimate your monthly payment, total loan cost and interest paid using typical Georgian bank conditions (TBC, Bank of Georgia, Credo Bank) for a foreign investor.
Loan currency
USD: typical rate 8 to 11%. GEL: rate 12 to 15%. A foreign-currency loan hedges GEL risk.
The project
Loan conditions
Your income (optional)
Results
- Required down payment
- $36,000
- Loan amount
- $54,000
- Monthly payment
- $580
- Total interest paid
- $50,452
- Total credit cost (principal + interest)
- $104,452
- Debt-to-income ratio
- 19.34 %
Indicative estimates. Real rates depend on the borrower profile, bank and project. Our Georgian banking partners negotiate the best terms for our clients.
How a Georgian mortgage works
A Georgian mortgage is a standard amortizing loan: fixed monthly payment, principal and interest repaid every month. Monthly payment formula: M = P × r ÷ (1 − (1 + r)^-n), where P is the principal, r the monthly rate and n the number of installments.
Conditions for foreigners
Georgian banks lend to non-residents with 30 to 50% down payment, over 10 to 15 years, in USD or GEL. They require proof of income, bank statements, and an employer certificate or tax returns. The property must be delivered or close to delivery.
What to check
Check the effective annual rate, arrangement fees (0.5 to 1%), mandatory life insurance and early repayment penalties. A 10% USD APR remains well above European loans, but stays profitable if the rental yield exceeds 8%.