Product Description and Terms and Fees
If you want to buy a car easily, without providing a proof of your income.
Purpose Purchase of a new or a second-hand car
Loan amount 500-150 000 GEL
Loan tenor 6-72 months
Interest rate From 15% (GEL), from 10.2% (USD), from 8.4% (EUR)
Effective interest rate From 25.79% (GEL), from 20.35% (USD), from 18.45% (EUR)
Effective Interest Rate if indexed rate changes by 5 points (GEL) / 3 points (foreign currency) From 31.59% (GEL), from 23.61% (USD), from 21.66% (EUR)
Effective Interest Rate if GEL depreciates by 15% From 41.84% (USD), from  39.54% (EUR)
Disbursement fee 1%, min. 50 GEL
Loan collateral Car
Life Insurance Rate 0.72%
Auto Insurance Rate 4.25%
Withdrawal fee (from account) 0%-0.6% - according to the tariff for the account
Late Payment Penalty 20 GEL on the first day overdue; 0.5% of the outstanding amount per each day overdue (in total, no more than 1.5x of the outstanding principal balance).
Ealry Repayment fee with own funds / from a different bank 0.5% - if more than 6 months remain
0% - if less than 6 months remains 
Participation From 20%
Borrower A citizen of Georgia
Income Income evidencing is not required

Interesting offers MTPL, My Payroll Card, My Safe, Internet Banking

The annual percentage rates given in the table are tied to the indexed interest rate

The interest rates given in the table are linked to the public index: GEL - refinancing rate of the National Bank of Georgia; USD - Term SOFR; Euro - Euribor