The “loans up to GEL 1 million only in lari” rule does not apply to foreigners
Order No. 131/04 of the NBG President (since July 1, 2026) requires loans up to GEL 1,000,000 to be issued in lari, but under Article 1(3)(b) the rule does not apply when the borrower is not a citizen of Georgia; other exceptions: foreign currency income from the country of that currency, cash collateral. Current NBG limits: LTV 90% in lari, 70% in foreign currency; payment to income 25% (lari) and 20% (foreign currency) for income below GEL 1,500, 50% and 30% above.
What this changes in the calculation
A foreigner can take a mortgage in dollars; own funds of at least 30% (foreign currency) under the NBG LTV.