What are the advantages of MBC mortgage loan
Always better conditions for a mortgage loan of up to 100,000 GEL;
Review of financing in case of any credit history;
Grace period of up to 6 months;
Descending payment schedule, tailored to your income;
Transfer from the so-called private mortgagee / financial institution;
Fast and simplified procedures.
What you will need to get a mortgage loan
Mortgage loans are issued on the basis of real estate collateral. This can be considered property that you plan to buy, or already own, say: apartment, house, cottage, office space or land.
To get a mortgage loan, you need to submit the following documents. An exception is when you transfer from another financial organization or from so-called private mortgagee when you can take advantage of simplified procedures.
Minimum age - 18 years old
Main Terms of the Mortgage Loan
Maximum Loan Amount
Maximum Loan Term
Nominal Interest Rate (Fixed)
Effective Interest Rate
Standard Cost of Mortgage Registration
Early Redemption Fee - Before the End of the Contract There is Left:
1 Month: 0%; 6-12 Month: 0,5%; 12-24 Month: 1%; 24 + Month: 2%