Consumer Loans

Consumer Loan from terabank


Terabank's consumer loan is intended for individuals who have both standard income, for example, salary, allowance, bonus, premium, dividend, rent and travel, as well as private income, for example, income from the activities of a tutor, dentist, barber, babysitter, tailor and taxi driver.


Terabank offers secured and unsecured consumer loans.
 

Secured Consumer Loan Terms

Loan Amount

Min - 1,000 GEL


Max - Individually*

Loan Maturity

Min - 6 months

Max - 120 months

Loan Currency

GEL, USD, EUR

Annual Interest Rate

GEL- re-financing rate + from 5.6%

USD (variable rate attached to SOFRI index) – from 9.75%

EURO (variable rate attached to Euribor) – from 9.35%

Effective Interest Rate

GEL – from 17.6%

USD - from 10.6%

EURO - from10.1%

Loan Repayment Rate

Monthly equal installments

Collateral

Real estate of movable property (vehicle)

Minimum Income

GEL 300 (equivalent in foreign currency)

Type of income

Salary, allowance, bonus, premium, dividend, lease, remittance. Also, income generated from private business - tutoring, dentist, barber, babysitter, tailor, and taxi driver activities.

Loan Disbursement Fee

0.9% (min.50 units)

Fee for retrieving information from Credit Info Database

18 GEL, 6 USD, 6 EURO 

Withdrawal Fee

0.20% min. 0.50 GEL

USD/EUR - 0.50% min. GEL 1 equivalent 

 

*A loan or bank credit for amounts less than 300,000 GEL can only be issued in the national currency, except when the borrower's income and the loan are in the same currency.

**The effective interest rate is calculated for 100,000 GEL. Term - 84 months.

See the registration/termination fee at the link

 

 

Terms of Consumer Loan without Security

Loan Amount

Min - 500 GEL


Max -  45,000 GEL

Loan Maturity

Min - 3 months


Max - 48 months

Loan Currency

GEL

Annual Interest Rate

From 13.4%

Effective Interest Rate

From 16.30%

Volume of Income

GEL 300 (equivalent in foreign currency) 

Type of income

Salary, allowance, bonus, premium, dividend, lease, remittance. Also, income generated from private business - tutoring, dentist, barber, babysitter, tailor, and taxi driver activities.

Loan Disbursement Fee

2% (min.20 units)

Fee for Searching the Information On not Being Allocated in the Credit Info Base

18 GEL 

Loan Security

Not required

Guarantee Fee*

From 500 up to 5,000 GEL on loans - fixed GEL 3 per month

From 5000 up to 20 0000 GEL on loans - fixed GEL 5 per month

Withdrawal Fee

0.20% min GEL. 0.50

*Guarantee fee is activated only on loans from 500 GEL to 20,000 GEL which has neither a co-borrower nor a guarantor.

**Effective interest rate is calculated for 20,000 units. 

 

Application Form

Security Code