Based on 2026 market conditions
Mortgage Calculator Georgia
Work out the monthly payment, total interest and down payment for any apartment. The calculator uses the standard annuity formula — the same one Bank of Georgia and TBC use.
Indicative figure calculated with the standard annuity formula — not a bank offer.
Georgian banks compared
| Bank | Annual rate | Term | Notes |
|---|---|---|---|
Bank of Georgia Bank of Georgia | 8.9-12.5% | 5–25 yrs | Largest portfolio; fast review for residents |
TBC Bank TBC Bank | 9.2-13% | 5–25 yrs | Digital application, online pre-approval |
Credo Bank Credo Bank | 10-14% | 5–20 yrs | Specialist in micro and small mortgages |
BasisBank BasisBank | 9.5-13% | 5–20 yrs | Flexible terms for non-residents |
Rates reflect the 2026 market and can change. Contact the specific bank for an exact offer.
How mortgages work in Georgia
Mortgages in Georgia are issued in GEL or a foreign currency (USD/EUR). GEL rates are higher (8–13%) with no currency risk. Foreign-currency rates are lower (6–9%), but exchange-rate swings can raise your monthly payment.
Standard requirements: age 21+, proof of Georgian income (last 3–6 months of statements) and property insurance. Non-residents usually face shorter terms and larger down payments.
Review takes 3–10 business days. Pre-approval in the TBC and Bank of Georgia apps is often issued within hours. The final contract is signed after the property is chosen.
Frequently asked questions
What is the minimum down payment on a mortgage in Georgia?
For residents the minimum down payment used to be 10–20%, but in the 2026 market most banks ask for 20–30%. For non-residents the requirement often rises to 30–50% because they have no Georgian income.
Which bank offers the best mortgage terms in 2026?
The main players are Bank of Georgia, TBC Bank, Credo Bank and BasisBank. Rates range from 8–13% in GEL and 6–9% in foreign currency (long terms). The exact offer depends on income, credit history and property type.
Can a foreigner get a mortgage in Georgia?
Yes, with limitations. Without Georgian income banks require a large down payment (30–50%) and a shorter term (10–15 years). Some banks require a local guarantor or a company registered in Georgia. Paying cash for the full price is always possible and is the most common route for foreigners.
What extra costs come with buying property?
The property transfer tax is 1% of the assessed value on the first 100,000 GEL and 2% above that. Notary and registration fees are usually $150–300. Agent commission ranges 1–3% (usually paid by the seller or split). Ownership registration at the Public Registry completes in 1–4 business days.
What term is most economical?
A short term (10–15 years) halves the total interest but raises the monthly payment. A long term (20–25 years) lowers the monthly burden but increases the final cost. The sweet spot for a Georgian apartment is 15–20 years.
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