What Currency Should We Choose for Our Mortgage?

In order to be able to easily repay the loan, the customer needs to consider a number of factors. One of them is the loan currency. The borrower has to weigh his/her abilities and needs. Usually, in Georgia, there are two basic alternatives: GEL or foreign currency.

Even though taking out a loan in dollars has advantages such as lower and stable average interest rate and more chance of getting the loan amount, as well as significantly less interest payment for the total period, still the benefits do not always justify the expectations. Currency fluctuations, very difficult to predict, especially in Georgian reality, involve the risk of a price increase within the loan. It should be considered the fluctuations might also generate gains for the creditor, but the risks, especially in long-term, are too high to justify the possible profit.

Therefore, the main advice in any country, for any citizen, is to match the currency of income and credit. This is the only way when risks are minimally dependant on currency fluctuations.

In order to widen the choice of customers and ensure their maximal protection from financial risks, residential complex Dirsi, jointly with TBC bank is offering potential customers mortgage loans in national currency (GEL) for the lowest interest rate – 9 %.

Dirsi is an innovative urban space initiative by daughter company of one of the largest developers of the region - Azerbaijani company AS Group Investment. Main project of AS Georgia is development and construction of the largest residential complex of the region – only the first, completed stage, comprising 11 buildings, 22 blocks, and 2,680 apartments. Main priority of the construction process was maximal focus on quality of the buildings. Therefore, buildings are built with innovative monolithic technology, designed to withstand a 9 magnitude earthquake

The 46-hectare Dirsi complex is located within just 7 minutes of the city center, in the historical part of Tbilisi, district Isani, between Monk Gabriel Salosi Ave and the river Mtkvari .

The complex is specifically designed to provide healthy living environment and maximal comfort for its residents: fresh air, greenery, car-free zones for children, boulevard for relaxation, 3 stadiums and more than 1 km. cycling lane, in unison with additional services such as 24 hr. security, concierge within every building, kindergarten and school provide for the carefree, pleasant place that has already become home for more that 400 people.