What is an installment card?
Installment card is a VISA Electron type of card with the following advantages:
Comfort – No need to collect additional documents for signing the contract with bank. Just choose you preferable product in the shop, use installment card to pay for it and your installment is automatically registered in the bank.
Flexibility –Use your installment limit as many times as you wish either fully or partially. Pay back and use your balance again anytime!
Freedom – You are free to choose the trade outlet, use the card at any store of world where VISA cards are accepted.
Terms and conditions of the installment card: |
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Card type
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Visa Electron
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| Maximal limit of installment |
GEL 3000 |
Installment limit term
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4 years and 10 months
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| Installment interest |
From 16% |
Withdrawal Fees
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| Cash withdrawal at TBC Bank ATMs and branches |
3% |
| Paying at merchants |
Free |
Installment limit repayment period
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10 months after taking the loan*
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Loan repayment in advance
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No fee for repayment in advance**
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Fixed fee for overdue amount
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20 GEL
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Other overdue fee
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0.5% of the loan for each overdue day
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Minimal purchase amount
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50 GEL
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*If there is a negative balance on the card, after the installment limit is over, the limit should be covered in max. 10 months. The maximum period of full coverage of the installment is 4 years and 10 months.
**In this case amount and interest is covered fully.
Minimal cost of the single product that can be bought by installment card is GEL 50.
In case of need, you can cash your balance at any ATM or bank branch worldwide (at least 50 GEL).
Installment can be repaid using one of the 3 ways:
- From any of TBC Bank's branches;
- From TBC Pay terminals that are situated in any of TBC Bank's branches;
- Using Remote Services (Mobile Bank, Internet Banking, Phone Bank).
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| Start building a positive credit history! |
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If you haven’t used the bank credit yet, installment card will help you create positive credit history and get the loan at our bank for more important purchase like a house, a car and furniture. All you need is to repay the used balance always on time. |
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