01
Developer instalments
Typically 20–30 % down payment and interest-free instalments until completion. Exact terms differ per project and construction phase.
Financing — Payment plans
Financing property in Georgia
Down payment
typically 20–30 %
Instalments
until handover
Terms
case by case
The most common route is not a bank but the developer: many new projects in Tbilisi and Batumi are sold with a 20 to 30 percent down payment and interest-free monthly instalments until handover. That cuts the upfront capital requirement significantly and is open to foreign buyers.
Georgian banks also lend to non-residents. Rates, terms and equity requirements always depend on the bank, the project, proof of income and your credit profile — nobody can promise conditions in advance, and we do not. We make the introduction and prepare the file with you.
Vladi Morai · Livo Property · Updated
02
Local bank lending
Georgian banks do finance foreign buyers. Proof of income and a local account are usually required; terms are assessed case by case.
03
Refinancing at handover
The remaining balance can often be refinanced through a bank after completion — worthwhile only if yield and instalment add up. We model it first.
Frequently asked questions about financing
Can I buy an apartment in Georgia in instalments?+
Yes, with many new developments. A 20–30 % down payment plus interest-free monthly instalments until handover is common. The developer sets the exact terms.
Can foreigners get a mortgage in Georgia?+
In principle yes. Georgian banks lend to non-residents, but each bank decides individually based on the borrower and the property.
Do I need a Georgian bank account?+
For instalment payments and local lending an account is usually sensible. It is opened in person at a Georgian bank.
Do you quote fixed interest rates?+
No. Rates and terms are market-driven and individual. We do not quote conditions we have not confirmed for your specific case.
Bank credit, equity and eligibility at a glance
These sections explain how bank financing in Georgia generally works. We deliberately do not quote terms: they depend on the bank, the property and your situation, and they change constantly.
Mortgage and bank credit
A bank loan is a separate contract with a Georgian bank, independent of the purchase agreement. The bank assesses the application, your income and the property individually and decides on approval, amount, currency, term and interest itself.
- The property usually serves as collateral and is recorded as an encumbrance in the Public Registry.
- Loans may be offered in lari or a foreign currency — the borrower carries the currency risk.
- Approval only comes after the bank's assessment, never in advance.
Equity and down payment
Both a bank loan and a developer instalment plan require equity. The bank or developer sets the required share case by case; there is no universal minimum.
- Also budget for side costs such as registration fees, translations, notary and, where needed, a valuation.
- Banks usually ask for proof of the source of funds.
Banks and eligibility
Whether a bank lends to non-residents is decided by each bank under its own policies. We do not name individual banks or terms, because these change and depend on your profile.
- Commonly reviewed: income, existing obligations, country of residence and the property itself.
- A Georgian bank account is often needed in practice; opening one follows the rules of the bank concerned.
- Compare offers from several banks and get the total cost in writing.
Receive payment plans
We will send you projects with instalment plans including down payment, term and monthly amount.
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