National Bank makes explanation regarding mortgage loan under the conditions of new regulations
National Bank makes explanation regarding mortgage loan under the conditions of new regulations

Is it possible to take a mortgage loan with an income of 2500 GEL under the conditions of regulations that came into force on January 1, – The National Bank explains that if a citizen or family has a monthly income amounting to 2500 per month, 60 square meters apartment can be purchased through a 15-year mortgage loan.

The relevant question was raised during the decision at the Parliament. The National Bank has made an explanation on this issue.

“It is often said that under the new lending rules only those with a high income can obtain the mortgage loan, which is not true.  If a citizen or family has a monthly income amounting to 2500 per month, 60 square meters apartment can be purchased through a 15-year mortgage loan. Smaller apartments can also be bought by lower income”, – National bank explains.

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