🏦 Mortgage in Georgia for Foreigners: What Matters in 2025

Foreign buyers actively purchase property in Georgia — especially in Batumi and Tbilisi. In 2025, mortgages from Georgian banks remain available to both residents and non-residents. The process takes just a few business days, but there are details worth knowing in advance.

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✅ Who Can Get a Mortgage

• A mortgage can be obtained by both residents and non-residents of Georgia.
• Proof of income and a stable credit history are an advantage, but not mandatory.
• Income can be earned in Georgia or abroad — banks do not differentiate.
• A residence permit (residency) is not required.

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📄 Required Documents

To apply for a mortgage, prepare the following:

• Passport
• Bank statement for the last 6 months
• Proof of income (employment contract, business/sole proprietor registration, income letter)

👉 Important: the bank conducts the property valuation itself and for free. 👉 For the application, it’s enough to provide the cadastral code of the property. 👉 A contract with a developer or an agent is not required.

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💰 Loan Currency and Terms

• Mortgages are available in GEL, USD, and EUR.
• Rates depend on currency and bank:
  • from 6.5% in EUR
  • from 7.5% in USD
  • from 11% in GEL

Down payment: 30–40% of the bank’s valuation + the difference between the purchase price and the valuation.
Example: If the property price is $110,000 and the bank valuation is $100,000, then with a 30% down payment you pay:

• $30,000 (30% of $100,000)
• $10,000 (difference between valuation and purchase price)

= $40,000 initial payment, loan amount = $70,000.
Mortgage term: up to 10 years.

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⏱ Timing

The full process takes 3–5 business days if the documents are prepared correctly.

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🏡 Buyer Tips

• Mortgages are not issued for properties under construction — only for completed and registered units.
• There are no legal risks specific to foreigners: all transactions are registered in the Public Registry.
• Currency risk depends only on the loan currency vs. your income currency.

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📊 Early Payments

• Most banks charge a small early-repayment fee (0.5–1% of the outstanding principal).
• You can also prepay several months in advance without extra fees. This allows you to either:
  • reduce the principal, or
  • shorten the loan term.

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👩‍💼 Why Work Through an Agent

Applying via a real estate agency significantly increases approval chances:

• We pre-check all documents.
• We select a bank with optimal terms.
• We reduce the risk of rejection: if a bank has already declined your direct application, getting approval later is very difficult.

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📌 Conclusion

In 2025, a mortgage in Georgia remains one of the most convenient ways to purchase a home for both foreigners and residents: minimal paperwork, fast approval, and transparent conditions.

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🤝 Want to secure the best mortgage terms?

We:

• ✔ assist with all required documents
• ✔ choose the bank with the best interest rates
• ✔ guide you through the entire registration process
• ✔ provide a free consultation

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📲 Stay updated with new properties

• ✅ Website — all listings and smart filters: https://buyhome.ge/en
• ✅ Telegram — be the first to know about new listings: https://t.me/BuyHomeGe
• ✅ Facebook — property updates and market deals: https://www.facebook.com/byhome.ge

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📝 Ready to buy?

Fill out the form below — we will find properties that match your goals and budget.

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🔍 Quick links

• Apartments: https://buyhome.ge/en/search?type=Apartment
• Houses: https://buyhome.ge/en/search?type=Private+house
• Land: https://buyhome.ge/en/search?type=Land