From official sources — September 2026
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.
Published mortgage terms
| Bank | GEL rate | USD/EUR rate | Max term (yrs) | Min down |
|---|---|---|---|---|
TBC Bank TBC Bank | from 9.9% | — | — | min 20% |
BasisBank BasisBank | 10.9–17.5% | 7.9–10.5% | 20 | min 15% |
Published rates as of September 2026 — NBG policy rate 8.25%. Banks run intro campaigns (Bank of Georgia advertised 0–1% for the first months of 2026); ask the bank for a personal offer. “—” means the bank does not publish that figure.
State subsidized mortgage
GEL loans only, via partner banks — enterprisegeorgia.gov.ge.
How mortgages work in Georgia
Mortgages in Georgia are issued in GEL or in USD/EUR. GEL rates are higher — published 2026 bands start at 9.9% at TBC and run 10.9–17.5% at BasisBank — but carry no currency risk. Foreign-currency loans price lower (7.9–10.5% at BasisBank), yet exchange-rate swings can raise your monthly payment. Every GEL offer floats on the NBG policy rate: 8.25% since May 2026.
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 — TBC’s expat program asks a minimum 20% own contribution.
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% (BasisBank publishes from 15%). For non-residents the requirement often rises to 30–50% because they have no Georgian income. The legal floor comes from the National Bank of Georgia: a mortgage may cover at most 90% of the property value in lari and 70% in USD/EUR — so at least 10% or 30% down.
Which bank offers the best mortgage terms in 2026?
Published 2026 bands: TBC from 9.9% in GEL; BasisBank 10.9–17.5% in GEL and 7.9–10.5% in USD/EUR. Bank of Georgia and TBC run intro campaigns (0–1% for the first months). Families can apply for the state subsidized mortgage of up to ₾200,000. 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). TBC runs a dedicated expat program with a minimum 20% own contribution. 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?
Georgia charges no transfer tax at all — the state takes only the fixed Public Registry (NAPR) registration fee: ₾50 standard (4 working days) or up to ₾350 same-day. A notary is optional; budget ≈₾500 for notary/translation help. The agency commission (≈2%) is normally paid by the seller. Reselling within 24 months can expose the gain to 20% income tax; after two years of ownership the gain is tax-free.
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.
This page is informational and is not tax or legal advice — verify fees with NAPR and the Revenue Service before you transact.
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