The TBC Mortgage finances the purchase, construction or renovation of residential property. The bank offers a fixed-rate option in GEL starting from about 8.75%, alongside floating-rate and foreign-currency variants.
The property being purchased typically serves as collateral. Loan amount, term and the final rate are set individually, and the bank participates in state mortgage support programmes for eligible buyers.
What's good
- Fixed-rate GEL option protects against rate swings
- Eligible for state mortgage support programmes
Trade-offs
- Requires property as collateral
- Long-term commitment
