OFFSET
Reduce your mortgage interest
Place your savings in an Offset Account and reduce the interest charged on your mortgage.
- Available for new and existing mortgages
- Free activation and maintenance
- Full access to your funds at any time
- Minimum balance: 100 units
FREQUENTLY ASKED QUESTIONS
What is an Offset and how can it help reduce my mortgage interest?
An Offset allows you to deposit funds into a dedicated account. The account balance is calculated daily and used to partially offset the interest charged on your mortgage, helping reduce your interest costs.
Who can use the Offset feature?
The Offset is available to individuals with both new and existing mortgage loans.
How much can I deposit into my Offset Account, and can I access my funds?
You can deposit and access your funds without restrictions. The minimum account balance is 100 units.
In which currencies can I open an Offset Account?
An Offset Account can be opened in GEL, USD or EUR. The account currency must match the currency of your mortgage loan.
How can I activate the Offset, and does it have a fee?
Activation and account maintenance are free of charge. You can activate the Offset online via Internet or Mobile Banking, or by visiting a branch.