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Mortgage Loan

Loan with real estate guarantee

Microfinance organization “Rico Express” offers to the customers mortgage loans tailored to their individual requirements and income. The main objective of “Rico Express” is to offer the products and their terms on the basis of the specific and real
capabilities of the customer.

The aim of the company is to protect the rights of any customer, to offer loan terms that will be primarily focused on the customer’s benefit and to prevent the violation of the rights and even minor damage in respect of its users.
Collateral Depending on the terms of the loan, the collateral can be a real estate located in Tbilisi, Rustavi, Marneuli, Kutaisi, Batumi, Gori, Khashuri, Samtredia, Telavi, Tskaltubo, Poti and Mtskheta. In can be an apartment, one’s own house, commercial or non-commercial space, country house.

Rico Express issues mortgage loans secured with the real estate.

The interest rate of mortgage loan is 2% per month in GEL, effective interest rate is  26.84% per annum. Mortgage loan users are required to prove their income.


  • Owner’s ID card (identity data of persons living together, additional documentation as required by a notary);
  • Updated extract from the public register;
  • Service fee 15 GEL;
  • Mortgage agreement (documentation is executed on the spot);
  • Real estate appraiser service fee is 50 GEL;
  • Proof of income;

Interest is paid on the monthly basis. The interest accrued on the loan and the principal amount of the loan can be repaid through a Pay Box.

You can pay from Pay Boxes available in the network of “Rico Express” within 24 hours, without additional commission, and the amount is reflected instantly, which further simplifies the payment method.

The terms of any type of mortgage loans are fully transparent. The customer is protected from so-called hidden interest and commission services.

In case the customer is not able to repay the loan interest on time, “Rico Express” offers him or her simplified terms.

Loan calculator

Exchange rates

Overlap on the best terms
buy sell
USD 3.2150 3.2300
EUR 3.7990 3.8190
GBP 4.1950 4.2350
RUR 0.0406 0.0436
TRY 0.3700 0.4100
CHF 3.5300 3.5700
CAD 2.2550 2.4550
AED 0.6790 0.8790
AMD 0.0047 0.0067

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