Updated:
- Mortgages for non-residents are available, but on stricter terms than for citizens
- Main banks — TBC, Bank of Georgia, Credo, all with tightened KYC
- A working alternative — installment plans directly from developers on new builds
What Banks Actually Offer
A mortgage for non-residents in Georgia isn't theoretical — it's a working practice, but the bank assesses such a borrower more carefully than a citizen: it looks at the source and stability of income, and often requires a higher down payment and a full set of supporting documents. The main banks non-residents turn to are TBC Bank, Bank of Georgia, and Credo Bank.
A Working Alternative: Developer Installment Plans
Direct installment plans from developers are very common in the Georgian new-build market — often with a minimal down payment and without a bank check in the usual sense. This isn't a substitute for a mortgage in every case (the term is usually shorter, and the payment structure differs), but it's a real, and often faster, way into a deal, especially at the construction stage. Terms vary a lot from developer to developer — worth comparing just as carefully as bank rates.
Frequently Asked Questions
Do Georgian banks give mortgages to non-residents?
Yes, but on noticeably stricter terms than for citizens — the bank scrutinizes the source and stability of income more closely, and usually requires a higher down payment.
Which banks in Georgia work with non-residents?
The main ones are TBC Bank, Bank of Georgia, and Credo Bank. KYC checks at all three have noticeably tightened in recent years.
What if a bank declines, or the process is too slow?
A common working alternative is an installment plan directly from the developer on units in buildings under construction, often with a minimal down payment and without a bank check in the usual sense.