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 mostly applies to projects where apartments under construction are sold, and the payment period is usually determined as the time remaining until the completion of construction.

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

The main reason why people choose internal installment plans is the exemption from extra charges. When using a bank mortgage, the accumulated interest surcharge over the years is so large that it significantly exceeds the initial price of the apartment. Under the conditions of internal installments, it is necessary to pay exactly as much as the specific apartment costs. Whether it is compact one-bedroom apartments or larger apartments.

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 especially favorable for individuals with a stable income who do not want or cannot pay the full amount at once at this stage. Instead of spending years saving up and facing the risk of real estate price increases in the meantime, they are given the opportunity to become owners of one, two, and three-bedroom apartments today.

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. Due to the project's location, if your goal is to buy apartments near the Samgori metro, this investment will be particularly attractive.

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.For those whose priority is fast transportation and comfort in the city, an apartment near the metro creates ideal living conditions.