Mortgage calculator for property in Georgia

What this calculator shows

A mortgage from a Georgian bank is the usual way to finance part of a purchase once an apartment is registered, and for buyers who use an instalment plan it is often how the last payment to the developer is made. This calculator shows what such a loan costs: the amount borrowed, the share of the price it covers, the monthly repayment, the interest over the whole term, the total you pay including the down payment and fees, and the share of your monthly income the repayments take. It also shows the monthly payment if the interest rate is two percentage points higher, because a mortgage rate may be variable, and a variable rate can rise during the term.

The defaults describe an example in US dollars: a $75,000 apartment, 30% down, a 15-year loan at 7.7% a year, which was the average rate on new foreign-currency mortgages in July 2026. Switch the currency to lari to see the average rate for lari mortgages, 11.4% in the same month. Replace every figure with the bank's offer. The result is a planning estimate, not an offer of credit; only the bank decides whether to lend, how much and at what rate.

What each field means

Loan currency

The currency the bank lends in. Since 1 July 2026, loans of up to GEL 1,000,000 may be issued only in lari. The rule does not apply to borrowers who are not Georgian citizens, or to a borrower whose income comes entirely in the loan's foreign currency from a country where that currency is official. A foreign buyer can therefore usually be offered dollars if the bank's policy allows, and should ask the bank which currencies it can offer.

Property price

The purchase price, in the same currency as the loan. Convert it at the rate on the day you compare offers.

Down payment, %

The share of the price you pay from your own funds. The National Bank caps how much of a property's value a bank may lend: 90% for lari mortgages to individuals since February 2025, 80% for mortgages to people whose income comes from abroad, and 70% for other foreign-currency loans under the 2019 rules. Banks often ask foreign buyers for more than the minimum; the default of 30% is an example.

Interest rate, % per year

The rate in the bank's offer. National averages for new mortgages in July 2026 were 7.7% in foreign currency and 11.4% in lari. Ask whether the rate is fixed or variable, and for the effective rate including fees.

Loan term, years

How long you repay. A longer term lowers the monthly payment and raises the total interest. Terms offered to non-residents vary by bank.

One-off loan costs

Fees for arranging the loan, the bank's valuation, insurance the bank requires, and registering the mortgage. Ask for the full list; the default is zero so that you add your own figures.

Monthly net income

Your income after tax, in the loan currency. Banks must check affordability before lending, and the share of income that repayments may take is capped by the National Bank.

Other monthly loan payments

Repayments on other loans and cards. Banks count them together with the new mortgage when they check affordability.

Assumptions

How the results are calculated

The loan amount is the price minus the down payment, and the loan-to-value is the loan divided by the price. The monthly payment is a standard annuity: the same payment every month, calculated so that the loan and the interest at one twelfth of the yearly rate are fully repaid over the term. Total interest is all the monthly payments minus the loan. Total cost adds the down payment, all the monthly payments and the one-off costs. Repayments as a share of income divide the new monthly payment plus your other monthly loan payments by your monthly net income. The stress line repeats the monthly payment at a rate two percentage points higher, keeping everything else the same.

The second and third cases use made-up inputs to show how the results move; they are not offers from specific banks. Whether a bank would lend in those cases depends on its own assessment and on the National Bank's limits that apply to the borrower.

Follow the default case. Thirty per cent of $75,000 is a down payment of $22,500, so the loan is $52,500, or 70% of the price. At 7.7% a year, the monthly rate is about 0.64%, and the payment that clears $52,500 in 180 months is about $493. Over fifteen years that is about $88,680 in repayments, of which $36,180 is interest. With an income of $4,000 a month, the repayment takes about 12% of it. If the rate rose to 9.7%, the payment would rise to about $555.

How to read the result

Look at the total interest next to the loan. Over long terms, interest can approach or exceed the amount borrowed, as the lari example shows: at 11.4% over twenty years, a GEL 270,000 loan costs more than GEL 400,000 in interest. Shortening the term or increasing the down payment reduces it more than most buyers expect, so try both before you choose.

Then look at the share of income. The National Bank limits it, and the limit depends on the level of income and on whether the borrower earns in the loan's currency; banks also apply their own policies. A share that sits close to the limit leaves little room if income falls or the rate rises, which is what the stress line is for. If the payment at two points higher would strain your budget, the loan is too large for comfort, whatever the bank approves.

Finally, compare currencies honestly. A dollar loan has a lower rate than a lari loan, but if your income is in another currency, an exchange-rate movement can raise the real cost of every payment. The guide to money and taxes explains the currency risk, and the rental yield calculator shows whether the rent would cover the payment if you let the flat.

Mortgages for foreign buyers: what to expect

Georgian banks lend to non-residents, and the numbers are growing: in December 2025 alone, banks issued about 220 foreign-currency mortgages to non-residents, worth up to GEL 40 million, and 55 lari mortgages worth GEL 8 million. Conditions are set by each bank and differ widely; published guides mention down payments from 10% to 40% and terms from ten to twenty years, so treat any figure you read as a starting point for a conversation with the bank, not as a rule.

• Proof of income. Expect to show where your income comes from and in what currency, with statements and tax documents from your country, translated where needed.
• A Georgian bank account. You will need an account in Georgia for the repayments; ask whether it has to be with the lending bank. Our guide to opening a bank account as a non-resident covers the steps.
• A registered property. A bank takes a mortgage on property that can be registered as security; for an apartment still under construction, ask the bank whether and when it will lend.
• Valuation and insurance. The bank orders its own valuation, which may differ from the price, and may require the property to be insured.
• Source of funds for the down payment. The bank will ask where the money comes from, as our AML and KYC policy explains.