Did you know that the modern mortgage lending system was first established in Denmark in 1797?
This model set the global standard for housing loans that are now widely used around the world.
In Georgia, mortgage loans have become one of the fastest-growing financial products over the past decade.
Investing in real estate in Georgia is considered one of the safest and most stable financial decisions. Purchasing an apartment, house, or land not only improves living conditions but also helps accumulate capital and increase income. That’s why mortgage loans are among the most in-demand financial products for the population.
Statistics show that the volume of mortgage loans in Georgia continues to grow annually, indicating that more people are turning to banks and microfinance institutions to purchase real estate.
In this article, we’ll cover what you need to know before taking out a mortgage loan, how to compare terms and conditions, and how to choose the best offer.
What Should You Know Before Taking Out a Mortgage Loan?
Taking out a loan is a major financial decision. Before submitting an application, it’s important to answer a few key questions and understand the terms of the mortgage loan offered by your chosen microfinance institution.
- What do you need the loan for? (e.g., purchasing an apartment or land, construction, renovation, or refinancing an existing loan)
- Do you have a stable income that can cover your monthly payments?
- What is your maximum budget, and what loan amount can you realistically afford?
Carefully considering these factors will help you avoid unnecessary financial obligations and plan your budget more effectively.
Key Criteria for Getting the Best Loan Terms
When applying for a mortgage, pay close attention to the following:
- Interest rate: The lower the rate, the less you’ll pay overall. In this regard, Bermeli is one of the most competitive microfinance institutions on the market.
- Loan term: A longer-term loan offers lower monthly payments and helps you manage your budget. Bermeli offers terms of up to 10 years, with the possibility of flexible conditions in individual cases.
- Grace period: A grace period helps you maintain financial flexibility, especially in the early stages.
- Compare offers: Always compare terms from several lenders to ensure you’re getting the best deal.
Interest Rate and Payment Schedule
The mortgage interest rate plays a key role in determining the attractiveness of a loan. In addition to the nominal interest rate, you should also consider the annual effective interest rate, which includes commissions and additional fees.
Choosing the right payment schedule is equally important:
- Annuity schedule: In this structure, monthly payments remain equal and include both the principal and interest, as well as any insurance or associated fees. Its key advantage is predictability: you’ll always know the exact amount due, and the financial burden is evenly spread over the loan term.
Your choice should be based on your financial situation and priorities. In our experience, most clients prefer the annuity schedule, as it helps maintain a stable balance between daily expenses and real estate investment.
How to Find a Low-Interest Mortgage Loan
Finding a favorable loan requires detailed research and comparison. Keep in mind:
- Stable income often leads to better loan terms.
- Providing additional assets or guarantees can improve your offer.
- Don’t just focus on the nominal rate — check the effective interest rate as well.
Why Choose Bermeli?
If you’re looking to purchase property, build, renovate, or refinance an existing mortgage, Bermeli offers simple and transparent terms:
- Loan amounts from 1,000 to 200,000 GEL
- Fixed nominal interest rate from 1.5% per month
- Effective interest rate from 1.7% per month
- Loan terms up to 10 years
- Optional 6-month grace period
- Flexible repayment options: annuity or decreasing schedules
- Only an approval fee (no hidden charges)
- 0% insurance fee for life and property insurance
What You Need to Apply
To apply for a loan with Bermeli, you’ll need:
- ID card
- Proof of income
(We consider both confirmed income — such as salary, rent, or remittances — and unconfirmed income, such as earnings from taxi driving, freelance work, tutoring, craftsmanship, etc.)
Taking a loan with Bermeli is a fast and flexible process designed to help you achieve your financial goals with ease.
A mortgage loan is a significant step toward financial independence. To make the right decision, it’s essential to evaluate all aspects — including interest rates, loan terms, conditions, and the reliability of the lending institution.
Bermeli offers you the best mortgage terms so you can plan your future with confidence.
Contact Us:
📞 Hotline: +995 568 700 300 | 0 422 27 56 50
Take out a mortgage loan with Bermeli — and invest in your future today!
