Get a mortgage loan and Start Repayment From the 7th Month!
If you own an apartment, house, commercial or office area, you will be able to get up to GEL 100,000 just in 1 day, and schedule the loan repayment from the 7th month. You will have a choice to use the money for business or personal purposes. Special offer – consolidate your current liabilities, refinance them with Swiss Capital's loan secured with real estate and start repayment from the 7th month!
How to apply?
In order, to get loan you need:
- ID or passport
- Real estate's ownership document
- Registration of mortgage in Public Register (standard: 50 GEL; next day – 150 GEL; on the same day – 200GEL)
How to cover loan
The loan shall be paid by transfer of the amount to our bank account. At any time you can reduce the principle amount of the loan and from that day the interest shall be paid only for the outstanding principal amount
FAQ
Can I shift my loan from private lender?
Yes, with SwissCapital loan, you can cover your current liabilities with private lender, as well as other financial organizations.
What is the maximum amount I can get?
You can get up to 85% of your real estate value.
On what basis do I get the Mortgage loan?
Mortgage is issued on the basis of the real estate’s guaranty (flat or commercial area), we issue a commercial pledge through National Agency of public registry.
Only real estate located in Tbilisi or suburbs, or Batumi is considered
What is the Mortgage Loan duration?
From 3 months up to 10 years
How do I pay?
You pay both – interest and principle at the same time each month according to the contractual schedule.
| Important Terms of Mortgage Loan | |
|---|---|
| Type of the Interest Rate | Fixed |
| Annual Interest Rate | 18%-27% |
| Effective Annual Interest Rate | 20%-42% |
| Issuance Commission | 0.5 %-2% of the loan amount. |
| Mortgage Registration / Cancellation Cost | Registration - 158 Lari; Cancellation - 151 Lari. |
| The Full amount and Term of the Credit | 2 000-100 000 Lari, 6-120 Months. |
| Early Repayment Commission | 2% - of the repaid amount, if the remaining period is more than 24 months 1% - if 12-24 months remain 0.5% - if 6-12 months remain 0% - if up to 6 months remain |
Overdue Penalty | 0.27% of the residual loan principal for every overdue day. In addition, from the beginning of the overdue period until its complete elimination, the imposition of mass expenses (including %) of this period is stopped after their total amount reaches 1.5 times the amount of the current residual translation amount |