OREANDA-NEWS. No unexpected exchange rate variance! Get mortgage loan in GEL with the lowest interest rate and gain peace of mind.

If you wish to purchase apartment, summerhouse or a land (or to refinance loans received from other banks for the same purposes), apply for TBC Bank’s mortgage loan in GEL that offers the lowest interest rate.

Mortgage loan in GEL is the joint product of TBC Bank and National Bank of Georgia, which is the reason why interest rate is so law for that loan. However the interest rate of the loan in GEL is floating and it is calculated in the following way: Refinance rate of National Bank of Georgia + TBC Bank’s rate.

Rate of National Bank of Georgia is determined every month. Respectively, the interest rate of the loan may decrease or increase insignificantly. In case of increasing it will still remain law compared to the interest rates of other types of mortgage loans.

In the last months there was a trend of decrease of NBG’s interest rates. For April, 2013 the best interest rate is 10.75%.

The advantages of the loan are as fallows:

Long-term loan in GEL

The lowest interest rate – from 10.75%

No currency risk – loan is repaid in the same currency as the income is received.

The terms of the loan:

Interest rate is determined every month.

Currency of the loan – GEL

Maximum term of the loan – 10 years

Maximum amount of the loan -250 000 GEL

Collateral: apartment, commercial space or land.