Overdraft - TBC Bank

If you are TBC's payroll client and need money for private use

Loans

Product Description and Terms and Fees

If you are TBC's payroll client and need money for private use, apply for an overdraft. An overdraft limit does not require collateral and can be used for any purpose.


Loan amount	2x salary; max. 5,000 GEL *For VIP and Concept clients – 5x salary; max. 20,000 GEL
Interest rate	From 16%
Effective interest rate	From 17.06%
Borrower	Georgian citizen
Income	Salary
Proof of Income	Salary account statement
Calculation Date	Last day of month
Payment Date	The client's preferred date (from 5 through 27)
Minimum payment	10% of balance drawn as of the calculation date + accrued interest.
Credit limit validity term	Up to the age of 65 on the overdraft issued before July 15, 2023 Up to 75 years for the overdraft issued after July 15, 2023 Up to 70 years for the overdraft issued after November 21, 2023
Overdue penalty	20 GEL on the first day of overdue, 0.5% of the amount owed on each overdue day (in total, not more than 1.5 times the amount of current principal residual amount)