GEO
State Mortgage Assistance Program

Get up to 8% state subsidy on mortgage.

From September 1, Liberty has been involved in the state mortgage subsidy program, which aims to provide maximum support to individuals who want to buy or build a real estate.

Under the program, individuals with many children or parents of a newborn child have the opportunity to receive a 5-year state subsidy on mortgages, both in new and old built projects, as well as for the construction of a house.

What does the subsidy program mean?

Under the program, in case of purchase of a real estate / construction of house from development companies or private individuals, the state will finance the loan interest at a maximum of 8% for a period of 5 years. The maximum amount of a subsidized mortgage loan is GEL 200,000.

For loans over GEL 200,000, the remaining amount may be financed by the participation of the borrower or by the bank through a parallel mortgage loan.

The following persons can benefit from the program:

  • A family / single parent / widow if they have a newborn child at the time of taking the loan (children born between September 1, 2021 and September 1, 2022)
  • A family / single parent / widow if they have 3 or more minor children at the time of taking the loan and will receive a loan under this program through September 1, 2022;
  • A family / single parent / widow who has a child at the time of taking the loan who was been adopted after September 1, 2021.

The subsidy percentage is calculated as follows:

  • If the borrower has 1 or 2 children acquired after September 1, 2021, the program will subsidize the refinancing rate of the National Bank minus 3.5%, and not more than 6% of the amount.
  • If the borrower has 3 or more minor children, the program will subsidize the refinancing rate of the National Bank minus 1.5%, and not more than 8% of the amount.

The refinancing rate (index) is periodically determined by the National Bank of Georgia and information about it is available on the website of the National Bank of Georgia: https://nbg.gov.ge/ (Section of monetary policy); Changes in the refinancing rate (index) are carried out periodically determined by the National Bank of Georgia.

Mortgage loan conditions

Loan Currency

GEL

Term

Max. 240 months

Amount

Max. 200,000

Assistance Term

Maximum 5 years

Contribution

From 0%

 

* The interest rate is determined individually.

SMS code

{{form.settings.resultMessage}}

{{form.settings.resultMessage}}