Mortgages in Georgia for Foreign Buyers

Most property deals in Georgia are cash purchases, but mortgages are available to foreigners too — under stricter terms than for citizens.

Who lends to non-residents

The largest banks — Bank of Georgia and TBC Bank — offer mortgage programs to foreign nationals, usually contingent on a residence permit/visa or a verifiable income source. Requirements vary noticeably between banks.

Typical terms

• Down payments for non-residents are usually higher than for Georgian citizens — often 30-50% of the property value.
• Loans are issued in GEL or USD; foreign-currency loans carry exchange-rate risk on payments.
• Loan terms tend to be shorter than for residents, and rates higher than the citizen-average market rate.

Alternative

Many developers offer their own installment plans during construction — no bank involved, often over 1-3 years, which many buyers find simpler than a mortgage.