Mortgages and installment plans in Georgia for foreigners
Most new builds in Tbilisi and Batumi are sold with interest-free developer installments. Mortgages for foreigners exist too, but terms are stricter. Here are both options compared.
Updated: November 2026
Developer installments
The most popular option. The developer offers installments for the construction period — usually from one to several years, most often interest-free. The down payment depends on the project. No proof of income or bank approval is needed.
- pros: 0%, fast, minimal paperwork;
- cons: installments usually end at completion, so monthly payments are higher than a mortgage.
Mortgages for non-residents
Major banks — TBC, Bank of Georgia, Liberty and others — lend to foreigners. Terms are individual and depend on proven income.
- down payment for non-residents — usually 30–40%;
- USD rates are floating, linked to SOFR; GEL rates to TIBR;
- foreign-currency loans usually run up to 10 years;
- you need a Georgian bank account and proof of income.
No down payment
Some projects make it possible to buy with no down payment. These offers change — message us and we'll find current options for your budget.
Which to choose
If you can pay off within 1–3 years, the developer's interest-free installment plan is better value. If you need a long term and have proven income, consider a mortgage. You can combine them: buy on installments and refinance the completed apartment with a bank later.
Calculator
Every project page has an installment calculator: enter the price, down payment and term to see the monthly payment.
Still have questions? A Tbilicity expert will answer on WhatsApp and pick an apartment for your goal.
FAQ
Can a foreigner get a mortgage in Georgia?
Yes, TBC, Bank of Georgia and other banks lend to non-residents. Expect a 30–40% down payment and proof of income.
What installment plans do developers offer?
Usually interest-free, for the construction period — from one to several years. See each project's page for its terms.
Can I buy with no down payment?
In some projects, yes. Message us and we'll find current options.
Sources:
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