SOLO Mortgage Loan Remotely, Without Leaving Home

Taking out a mortgage loan remotely involves the remote execution of mortgage loan agreements, real estate mortgages, and purchase agreements.

Parties to the transaction who have a Georgian citizen's identity card and/or passport and a bank account in a Georgian bank.

Mortgage loan agreements are concluded in the Bank of Georgia's mobile banking service, while real estate mortgage and purchase agreements are concluded in the digital space of the Public Registry.

A Bank of Georgia employee will ensure that you book a session on the Public Registry platform at the agreed time. 15 minutes before the time specified in the reservation, you will receive a notification from the Public Registry on your mobile phone number and email about the booked session and a link through which you will enter the digital space of the Public Registry, where your remote identification/verification will take place and the audio-video recording of the contract signing process will be made.

To receive the service, you can use a mobile phone, as well as a personal computer, laptop, or other Internet-connected device that has a video camera and microphone.

The transfer of funds is made using the bank's escrow service (the cost of which is 35 GEL) according to the following principle: the amount will be deducted from the user's bank account for transfer to the seller, before being transferred to the seller, this amount will be placed in the internal bank account of the Bank of Georgia and transferred to the seller in accordance with the terms agreed between the parties.

The evidence of the parties' will is the electronically confirmed transaction in the public registry space and the audio-video recording, which is stored at the LEPL - National Agency of Public Registry.

Mortgage loan remotely

How to sign remotely

Conditions

Advantages of a digital mortgage loan

FAQ

What does it mean to take out a mortgage loan remotely?

Who can sign contracts remotely?

Where are contracts concluded?

How do I access the digital space of the Public Registry?

Which devices can be used to receive remote services?

How is the mortgage loan amount transferred to the seller of the real estate?

What documentation confirms the fact of concluding a mortgage and purchase agreement?