Mortgage vs Installment in Batumi 2025: Full Comparison of Financing Options
Buying property in Batumi isn’t just for cash buyers. In 2025, Russian buyers have access to a variety of financing methods: from 0% developer installments to mortgages from Georgian banks. We break down every option, calculate real overpayments, and give practical recommendations.
Overview of All Financing Methods
Available purchase options
- Cash – full payment
- Developer installment – 0% interest
- Mortgage from Georgian banks – 12–15% p.a.
- Russian mortgage – very limited availability
- Mixed financing – combination of methods
- Real estate leasing – emerging tool
Developer Installment – The People’s Choice
Conditions in 2025
Standard terms:
- Interest rate: 0% p.a.
- Term: up to 60 months
- Down payment: 10–30%
- Early repayment: no penalties
- Currency: USD
Who offers the best terms
Top developers:
- Next Group: up to 60 months, 15%+ down, fixed USD rate
- One Development: up to 48 months, 20%+, installment on finishing possible
- Alliance Group: up to 36 months, 30%+, premium projects
- ORBI Group: up to 60 months, from 10%, rental program participation
Real example
Apartment $60,000
Down payment (20%): $12,000
Remaining: $48,000
Term: 48 months
Monthly payment: $1,000
Overpayment: $0
Advantages of installment
- Zero interest & overpayment
- Minimal documents
- Fast approval
- Flexible schedule
- Works for non-residents
- Remote signing possible
Disadvantages
- Limited choice of projects
- Large down payment required
- Short term (max 5 years)
- Ownership only after full payment
- Risk of losing paid amounts if default
Mortgage from Georgian Banks
2025 conditions for Russians
Bank of Georgia: 12.5–14%, up to 20 years, 30% down, max $300k
TBC Bank: 12–15%, up to 15 years, 25% down, max $250k
Liberty Bank: 13–16%, up to 20 years, 35% down, max $200k
Borrower requirements
- Age 21–65
- Proven income
- Positive credit history
- Property & life insurance
- Sometimes guarantors
Real mortgage example
Apartment $60,000
Down payment (30%): $18,000
Loan amount: $42,000
Rate: 13% p.a.
Term: 15 years
Monthly: $461
Total overpayment: $41,000
Advantages of mortgage
- Long repayment term
- Lower monthly payments
- Immediate ownership
- Wider property choice
- Refinancing possible
Disadvantages
- High interest rates
- Large overpayment
- Complex approval process
- Tons of paperwork
- Mandatory insurance
Comparison Table (Apartment $60,000)
| Parameter | Cash | Installment | Mortgage |
|-------------------------|-----------|-------------|------------|
| Down payment | $60,000 | $12,000 | $18,000 |
| Monthly payment | — | $1,000 | $461 |
| Term | — | 4 years | 15 years |
| Total overpayment | $0 | $0 | $41,000 |
| Ownership | Immediate | After full payment | Immediate |
| Approval complexity | Easy | Easy | Hard |
Total Cost Calculation (over 15 years)
- Cash: $60,000 + fees $2,000 = $62,000
- Installment (4 years): $60,000 + fees $2,000 = $62,000
- Mortgage (15 years): $101,000 + insurance $9,000 + fees $3,000 = $113,000
Mixed Financing Schemes
Installment + early repayment – take installment, pay 12–24 months interest-free, then close early.
Installment → mortgage – switch to mortgage after 1–2 years to get ownership faster and stretch payments.
Recommendations
Choose installment if:
- Stable income for next 3–5 years
- Planning quick resale
- Want zero overpayment
- Buying off-plan
Choose mortgage if:
- Need ownership immediately
- Long-term hold (10+ years)
- Want lower monthly load
- Buying completed property
Final Verdict 2025
For most Russian buyers → developer installment (zero overpayment, simple process)
For long-term investors → mortgage (immediate ownership, rental income from day one)
Universal advice: Start with installment. After 1–2 years, refinance into mortgage if you need ownership or longer term.
Real estate in Batumi remains one of the most profitable and accessible investments — choose the right financing and it will work for you for decades.
