Guide · Financing

Mortgages for Non-Residents in Georgia

Mortgages are available to non-residents, but terms are noticeably stricter than for citizens. We break down which banks work with this, and what to do if the bank route doesn't fit.

Tbilisi — Georgia's capital
Photo: Alexey Komarov / Wikimedia Commons, CC BY-SA 4.0

Updated:

In Short
Availableto non-residents, on stricter terms
3 banksTBC, Bank of Georgia, Credo — the main ones for non-residents

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.

Know-your-customer (KYC) checks at all three banks have noticeably tightened in recent years — this applies to both regular accounts and mortgages. Budget more time for gathering documents than you would expect at a Western European bank, and be ready to explain the source of funds as transparently as possible.

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.

See Also

How to Buy Real Estate Taxes Residency via Property Calculate Your Payment →