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The program is initiated by the state to support the development and construction sector and provides funding for a maximum of 4% of the annual mortgage interest rate over five years.
One of the main conditions for participating in the mortgage loan program is that the customer must use the subsidized mortgage loan by the end of 2020 and the purchase of a residential apartment must be carried out by a development company. Under the subsidy program, the maximum amount of a mortgage loan is GEL 200,000, the maximum loan repayment period is 240 months, and the loan is issued only in the national currency.
"By participating in the assistance program, we were able to support both the construction sector and our customers and offer them maximum financial benefits. The mortgage loan support program gives customers an extra opportunity and motivation to buy a house with the best conditions. We will try to make the best offer existing in the market to the customers and in addition to the mortgage loan, we will offer additional banking services tailored to their requirements. ”- Giorgi Makaridze, Director of Retail Activities of the Liberty Bank.
If you are interested in the terms of the mortgage loan assistance program: Call 255 55 00 or visit any Liberty service center throughout Georgia.
To view the loan terms and fill out the application, go to the link - State Mortgage Loan Assistance Program.