Apartments with 0% Installment Plans: What Makes Maqro City Tbilisi’s Offer Stand Out?

Buying real estate is a serious financial decision. People often have to spend years planning, saving up and tracking the market before they find an option that fits their budget. Recently, a new payment option has become popular with the buyers: instead of relying on a bank for a mortgage, people are buying apartments with 0% internal installment plans offered by development companies.

What is 0% Internal Installment Plan and How Does It Work?

An internal installment plan is, in essence, a direct agreement between the buyer and the developer. It means no third party financial institution (i.e. bank) is involved. With a traditional loan, a bank pays the apartment’s price upfront, and the borrower repays the amount over time with interest. When using the company’s internal installment plan, there’s no middleman: the buyer pays the price in stages, following the pre-determined schedule, directly to the construction company. This model is most commonly used for projects selling apartments still under construction. Typically, the payment terms are set for the period leading up to the project’s completion.

Why Do Those Interested in Real Estate Prefer Using Internal Installment Plans? 

The main reason people choose to pay for an apartment through an internal installment plan is freedom from unnecessary extra costs. With a bank mortgage, the accumulated interest over the years can become so significant that it may far exceed the apartment’s original price. When using an internal installment offer, the buyer pays the exact price split into stages, without any added interest over time.

Simplicity is another major advantage. Dealing with a bank often means having to handle more complicated bureaucratic processes: proving income, undergoing in-depth credit history checks, and providing a long list of documents. A direct agreement with the developer removes many of these barriers.

Who is 0% Internal Installment Plan For?

This offer is particularly beneficial for people with stable income who don’t want or aren’t able to pay the full price for the apartment in one go. Instead of spending years building savings and risking having to take on rising property prices, they can become homeowners right away.

In addition, buying apartments with 0% internal installment plans can be an ideal solution for those whose income situation may not satisfy the standard criteria banks set for approving mortgages. The list may include freelancers, small business owners, or people whose work history isn’t sufficient to secure a mortgage approval.

Payment Terms at Maqro City Tbilisi

There are several flexible options to explore for buyers interested in purchasing apartments with 0% internal installment plans from Maqro City Tbilisi. The company offers a convenient 10/40/50 model. This allows the buyer to purchase the apartment with only a 10% downpayment at the first stage.

During construction, which should last approximately 38 months, the buyer gets to gradually cover another 40%. The remaining 50% of the price is expected to be paid once the project is completed.

In addition to the standard model, the company offers alternative schemes that come with different discount levels:

Plan 2 (5% discount): Down payment – 20%, during construction – 40%, upon completion – 40%.

Plan 3 (7.5% discount): Down payment – 30%, during construction – 40%, upon completion – 30%.

Plan 4 (10% discount): Down payment – 35%, during construction – 35%, upon completion – 30%.

Plan 5 (10% discount): Down payment – 50%, during construction – 25%, upon completion – 25%.

Plan 6 (12.5% discount): Down payment – 50%, during construction – 40%, upon completion – 10%.

Plan 7 (15% discount): If the buyer pays 100% upfront, they receive the maximum discount the company offers.

Take Advantage of the Offer and Buy an Apartment with 0% Internal Installment Plan at Maqro City Tbilisi

Maqro City Tbilisi is a large-scale residential complex located in the capital, at 30 Noe Ramishvili Street. The total project area is 100,000 sq. m, of which 45,169 sq. m is dedicated to a recreational zone.

The project has up to 4,000 residential units, including both standard and terrace-style apartments, as well as apartments with private yards. Move-in ready apartments will be delivered with a full finish, including kitchen furniture, built-in appliances, and fully equipped bathrooms.

The complex territory is designed to include 1,687 sq. m of cycling and running tracks, along with both open-air and indoor fitness spaces. The complex infrastructure also features 4 swimming pools, 3 tennis courts, 2 basketball courts, a large kindergarten and designated children’s playgrounds, creating a varied options for residents to rest and de-stress in healthy environment.

There will also be a Mövenpick Living hotel on the complex territory, adding extra amenities to the project, all set up following the brand's strict Swiss standards. Apartment owners will be able to use its infrastructure, including spa centers and café-restaurants.

Ultimately, the offer to buy apartments with 0% internal installment plans makes the purchase process in Maqro City Tbilisi’s modern residential complex more flexible and far less stressful. When the financial obligations are clear from the get-go and there’s no dealing with rising interest rates, buying a new home becomes a much more exciting and enjoyable experience.