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Product Description and Terms and Fees
If you want to buy your first car or replace your current one.
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| Purpose |
Purchase of a new or a second-hand car |
| Loan amount |
500-450 000 GEL* (equivalent in USD/EUR) |
| Loan tenor |
6-120 months |
| Interest rate |
From 13% (GEL), from 8.5% (USD), from 7.3%( EUR) |
| Effective interest rate |
From 22.35% (GEL), from 17.70% (USD), from 16.46%( EUR) |
| Disbursement fee |
1%, min. 50 GEL |
| Loan collateral |
Maximum 72 months - a car, Maximum 120 months - real estate |
| Participation |
From 0% |
| Borrower |
A citizen of Georgia |
| Co-borrower |
Mother, father, sister, brother, spouse. Maximum 2 co-borrowers are allowed for one loan. |
| Income |
Salary, rent, money remittances, dividend |
| Ways to evidence income |
Salary account statement from a bank or Revenue Service, rent agreement, remittance statements |
Interesting offers MTPL, loan insurance, mortgage loan, travel insurance
The annual percentage rates given in the table are tied to the indexed interest rate
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