What is a SOLO Mortgage Loan?

The SOLO Mortgage Loan is a long-term financial obligation issued with real estate as collateral. This product gives you the opportunity to finance the purchase of your desired real estate, start the construction of a house, or carry out renovation work. Our goal is to offer you flexible and competitive conditions that will help you implement your plans.

Mortgage loan terms are tailored to your needs

SOLO offers a wide selection of mortgage loans, where the terms are determined individually.

• Loan Term - With us, you can take advantage of a long-term mortgage loan with a maximum term of up to 20 years. Among them, a popular choice is the 20-year mortgage loan, which allows you to distribute payments over a long period and reduce the monthly financial contribution.
• Interest Rate - At SOLO, the mortgage loan interest rate is competitive and depends on several factors, including - the loan term, currency, and your financial situation. Your personal banker will provide you with detailed information about the mortgage interest calculation mechanism.
• Currency - You can choose your desired currency. Among them, it is possible to take out a mortgage loan in dollars, which is especially convenient if your income is in a foreign currency.

Loan Purpose - From Apartment Purchase to Construction

You can use a SOLO mortgage loan for a variety of purposes:

• Loan for purchasing an apartment - Finance your dream apartment in the city center or a cozy suburb. An apartment mortgage with us is a simple and transparent procedure.
• House construction - If you already own a plot of land and want to build your own house, our loan will help you achieve this goal as well.
• Purchase of a land plot - Purchase a plot of land for future construction.
• Renovation works - Renovate your existing real estate and create a comfortable environment.

Flexible approach to assessing income and credit history

We understand that each customer's financial situation is unique. That is why we offer you exclusive solutions tailored to you.

• Income Assessment - At SOLO, a loan is issued based on income, and we take into account various sources of income. If you are interested in a mortgage loan without a salary, your personal banker will assess your alternative incomes (for example, rent, dividends) and offer you an individual solution.
• Credit History - If you do not have a long credit history, this is not an obstacle. At SOLO, it is possible to consider a mortgage loan without a history and assess your financial potential individually.

Exclusive offers from partner developers
SOLO actively cooperates with leading development companies to offer you even more advantages. Our partner developers have developed special offers and exclusive conditions for SOLO customers. You can find information about the offers on our website, or your personal banker can provide you with details about current promotions and projects where you can benefit from special conditions.

Collateral - your asset as a financial foundation

A loan secured by property is standard practice. You can use various sources for collateral.

• Loan secured by real estate - An apartment, house, or commercial space to be purchased or already in your ownership.
• Loan secured by a land plot - A plot of land registered in your name.

Your personal banker will help you with the property appraisal and collateral registration process.

Simplified application process

For SOLO customers, the mortgage loan application process is as simplified as possible. Although issuing a mortgage loan in one day is a complex process, our team ensures fast processing of documentation and prompt decision-making. The long-term experience of the Bank of Georgia in this direction is a guarantee of effective service.

Complete financial service for your needs

To fully meet your financial needs, SOLO offers various banking products. Along with a mortgage loan, you can also use:

• A consumer loan - to finance current expenses.
• An auto loan - to purchase a new car.
• A subsidized loan - if you meet the conditions of the state program.
• Deposits - to safely store and grow your savings.
• Cards - to comfortably perform daily financial transactions.

Contact a SOLO banker today to receive a detailed consultation and take the first step towards your new home.