Mortgage or instalments
Bank mortgage
- You need income the bank can verify and a down payment.
- Smaller loans are only in lari, at a higher rate.
- Foreigners are approved less often than Georgian citizens.
Developer instalments
- Usually 10–30% upfront, the rest in parts until completion.
- Often interest-free, with no bank and no paperwork on income.
- The risk is a stalled project: check the developer and the contract first.
NBG tightens mortgage PTI limits in Feb and Sep 2027; developer installment plans are exempt (National Bank of Georgia, 2026).
What to check in an instalment contract
- The completion date and the developer’s penalty for delay.
- What happens if you miss a payment: a fine, or termination and how much is refunded.
- The condition on handover: shell, white frame or finished.
- Whether the price is in dollars or lari and whether it can change.
FAQ
Do Georgian banks give mortgages to foreigners?
Georgian banks sometimes lend to foreigners, but usually want income in Georgia, a local bank account and a down payment. More often, a developer instalment plan is simpler and cheaper.
What are mortgage rates in Georgia?
The rate depends on the bank, the currency and your income. Smaller loans are usually issued only in lari, at noticeably higher rates than dollar loans. We confirm the exact rate with the bank for your case.
How does a developer instalment plan work?
You pay a first instalment, usually 10–30%, and the rest in parts until completion, often interest-free. No bank or proof of income is needed. The main risk is a stalled project, so check the developer and contract before the first payment.
We review instalment contracts for free
Send the bot the contract or a link to the building. Within 24 hours we will tell you what to change before signing.