Enterprise Georgia launches a mortgage loan subsidy program for families with newborns or with multiple children. The program involves subsidizing the interest on mortgage loans for five years term.
A potential beneficiary of the program
Family/single or widowed parent, if at the time of receiving the loan the child is under 12 months old, and born after September 1, 2021;
Family/single or widowed parent, if at the time of obtaining the mortgage loan they have three or more children;
Family/single or widowed parent who adopted a minor child after September 1, 2021.
Purpose of the loan
Purchase of an apartment/house (from either a developer and a private seller)
to build a house
Loan amount
The maximum loan amount is 200 000 GEL (₾). However, the cost of the purchased apartment / house or for building of the house may exceed 200 000 GEL (₾).
Funding Amount
In case of loan approval by a commercial bank under this program, the Agency shall subsidize the interest rate of the loan issued to the beneficiary within 60 (sixty) months after the loan is granted.
If loan terms issued by a commercial bank are less than 60 (sixty) months, the Agency will subsidize the annual interest rate on the given loan for the loan term.
In case the borrower has one or two children, the co-financing terms will be as followed:
The refinancing rate set by the National Bank of Georgia minus 3.5% (but not more than 6%);
In case the borrower has three or more children, the co-financing terms will be as followed:
The refinancing rate set by the National Bank of Georgia minus 1.5% (but not more than 8%).
