In short
Foreigners can apply to a Georgian bank for a mortgage, but they have no right to one. The National Bank of Georgia caps the repayment as a share of income and the loan as a share of the apartment's value: at most 70% for a foreign-currency loan and 90% for a lari loan. Each bank decides which documents and which income it accepts.
The central bank's rulesThis page covers loans from Georgian banks. Borrowing from a lender in your home country has its own page.
Financing from homeCentral bank rules
Rules for loans to individuals as of November 2026. The National Bank may change them in line with the financial cycle, so check the current position on nbg.gov.ge before you apply.
Monthly repayments on all loans may not exceed a set share of net income. Below GEL 1,500 a month the cap is 25% for lari loans and 20% for foreign-currency loans. From GEL 1,500 it is 50% and 30%. If you earn in the loan currency, the lari limits apply.
A lari loan may reach at most 90% of the value of the collateral, a foreign-currency loan at most 70%. You put in the rest as a deposit. The value is set by a valuer the bank accepts.
Since 1 July 2026, borrowers who are not hedged against exchange-rate swings can borrow up to GEL 1,000,000 only in lari. The National Bank's regulation sets who counts as hedged and which exceptions apply. A dollar loan, if you get one, is subject to the 70% limit. Ask the bank to confirm how it classifies you.
A mortgage takes effect against third parties only once it is entered in the public registry. It then appears on the apartment's registry extract. Several mortgages rank by the time they were lodged. If the apartment is sold, the mortgage stays until it is discharged.
Before you apply
The central bank's rules are ceilings. Each bank adds its own conditions, including for customers who live outside Georgia.
Banks lend against income they can document and trace. An employment contract in Georgia or regular credits to a Georgian account make the assessment easier. Whether and how a bank recognises foreign income is its own decision.
Until an apartment is registered as a unit in its own right, the bank lacks its usual security. Whether a bank lends earlier, and how it secures itself, is up to the bank. Ask about the specific project before you sign a contract that depends on finance.
We do not quote interest rates. The National Bank publishes average rates on new loans in its statistics, split by lari and foreign currency. Compare offers against that series and ask for the total cost in writing.
With a dollar loan and euro or sterling income, you carry the currency risk on every repayment. With a lari loan you carry the lari's risk instead, but the central bank allows a higher loan to value.
Many new builds are paid for in instalments directly to the developer. That is not a bank loan. Terms, due dates and the consequences of late payment are in the sale contract.
Frequently asked questions
Eligibility, deposit, currency, off-plan and charges on the register.
It is possible, but there is no entitlement. The bank assesses income, the apartment's value and your documents under the National Bank's rules and its own criteria. Speak to several banks before signing a contract that relies on borrowing.
At least 30% of the value for a foreign-currency loan, as the bank may lend no more than 70%. At least 10% for a lari loan. Buying costs and fitting out come on top.
Up to GEL 1,000,000 the lari rule applies to borrowers who are not hedged against exchange-rate swings. The bank checks under the National Bank's regulation whether that includes you. A lari loan allows a higher loan to value but adds lari risk if you earn in euros or pounds.
Banks usually secure a loan with a mortgage on an apartment registered as a unit in its own right. For many new builds that is only after completion. Whether and how a bank lends before then is its own decision.
The extract from the National Agency of Public Registry lists mortgages and other charges. Request a fresh extract shortly before you pay.
Last reviewed on 2 November 2026. Sources: National Bank of Georgia (nbg.gov.ge): PTI and LTV Requirements; Regulation on Responsible Lending to Natural Persons, National Bank of Georgia: Financial Stability Committee press release, May 2026 (limit on unhedged foreign-currency loans of GEL 1,000,000 from 1 July 2026), National Agency of Public Registry (napr.gov.ge): FAQ on pledges and mortgages, Civil Code of Georgia, mortgage provisions (matsne.gov.ge), National Bank of Georgia: interest rate statistics on loans (nbg.gov.ge). This guide is not legal or tax advice.
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