Mortgage in Georgia for Russians: Terms and Interest Rates
Georgia is becoming an increasingly attractive destination for property buyers, and many Russians are considering taking out a mortgage for a home by the sea or in the capital. The country’s banking system is stable, and lending terms are quite flexible, even for foreign citizens. In 2025, mortgages in Georgia remain an accessible tool for both property purchases and investments.
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How Mortgages Work in Georgia
Mortgages in Georgia are available to both citizens and foreigners — including Russians, Belarusians, and Kazakh citizens.
Russian nationals can obtain a mortgage in Georgia without a residence permit, provided they have verifiable income and a stable credit history. Banks typically require:
- a valid passport,
- proof of income (in English or Georgian),
- a purchase or reservation agreement for the property.
Mortgage Interest Rates in Georgia
As of 2025, Georgian banks offer mortgages in lari, US dollars, and euros. Interest rates vary by currency:
- in lari — from 10% to 15% per year;
- in US dollars — from 6% to 10%;
- in euros — from 6% to 10%.
Banks Offering Mortgages to Foreigners
The most popular Georgian banks providing mortgage loans to foreigners are:
- TBC Bank — offers loans in lari and US dollars, with approval typically taking up to 5 days;
- Bank of Georgia — known for its flexible terms and the option to apply remotely;
- Liberty Bank — suitable for purchasing apartments in Batumi, offering fixed-rate programs for the first few years.
How to Get a Mortgage in Georgia: Step-by-Step
- Choose a property. Decide on your property — an apartment in Batumi, Tbilisi, or a house in the suburbs.
- Submit your application. You can apply online or directly at a bank branch.
- Credit assessment. The bank reviews your income, credit history, and the property’s value.
- Contract signing and registration. Once approved, you sign the agreement, and the property is registered in your name.
Mortgage in Georgia for Russians in 2025: Is It Worth It?
For Russians, taking out a mortgage in Georgia remains a profitable and practical option — especially for those planning to buy a seaside apartment for vacation or rental income. Interest rates are moderate, requirements are straightforward, and the real estate market continues to grow steadily. Some developers even offer guaranteed income programs.
If you’re considering a mortgage in Georgia, it’s worth consulting a real estate agency that can help you find a reliable property and prepare the necessary documents for the bank.
Looking to calculate your mortgage and get a list of apartments eligible for financing? Contact our real estate agency — our specialists will help you secure a mortgage in Georgia quickly and safely.
FAQ
Can a Russian citizen get a mortgage in Georgia?
Yes. Russian nationals can obtain a mortgage from a Georgian bank without a residence permit, provided they can prove their income.
What are the mortgage rates in Georgia in 2025?
On average, from 7% to 12% per year, depending on the currency and the bank.
How can a foreigner get a mortgage in Georgia?
Choose a property, apply to the bank, provide the required documents, and sign the contract once approved. The process takes about 3–7 days.
Yes. Russian nationals can obtain a mortgage from a Georgian bank without a residence permit, provided they can prove their income.
What are the mortgage rates in Georgia in 2025?
On average, from 7% to 12% per year, depending on the currency and the bank.
How can a foreigner get a mortgage in Georgia?
Choose a property, apply to the bank, provide the required documents, and sign the contract once approved. The process takes about 3–7 days.
Contact Us
Get in touch with us by phone or via messengers for a consultation and help choosing the right property.
+995 557 326 104
cappuccinoestate@gmail.com
cappuccinoestate@gmail.com
Georgia, Batumi
