Consumer Loan

Take out a consumer loan and achieve your goals.

  • Term: 120 months
  • Currency: GEL, USD, EURO

Consumer Loan

What to know about Consumer Loan?

Main Conditions

Min Loan amount   GEL 1 000
Max Loan amount   Determined individually*
Maturity   6-120 Months
Currency   GEL, USD, EURO
Payment Conditions   Monthly equal installments
Collateral   Real estate/Movable assets
Minimum Income GEL   GEL 300  (or equivalent in foreign currency)
Types of applicable income   allowance, bonus, premium, dividend, lease, remittance.
    Also, incomes generated from private businesses: tutoring, dentistry, barbershops, babysitting, tailoring, and taxi driving.
Withdrawal fee   see Tariff Packages

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Main Conditions

Min Loan amount   GEL 500
Max Loan amount   GEL 45 000
Maturity   3–48 months
Currency   GEL, USD, EURO
Payment Conditions   Monthly equal installments
Collateral   Real estate/Movable assets
Minimum Income GEL   GEL 300 (or equivalent in foreign currency)
Types of applicable income   allowance, bonus, premium, dividend, lease, remittance.
    Also, incomes generated from private businesses: tutoring, dentistry, barbershops, babysitting, tailoring, and taxi driving.
Annual Interest Rate   13.4%
Effective Interest Rate   16.30%

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How to get a loan?

Follow these steps to get your loan via internet bank
 
 
Log in to the Internet banking Visit: https://ebanking.ge/login and enter your credentials
 
Navigate to "Offers"
 
 Select "Loans"
 
Complete the application form Enter the required information in the appropriate fields
You can sign up for loan from our website!
 
 
Open the online application pageVisit: www.terabank.ge and click on the online application button.
 
From the list of online applications, select the desired card application Fill your mobile number
 
Complete the application form Enter the required information in the appropriate fields.

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Calculate Consumer loan without security

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You can take out a consumer loan without security online

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Calculate Secured Consumer Loan 

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Standard loan for achieving personal goals, such as travel, equipment purchase, renovation.

Online Installment

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Installments for the desired item within the comforts of your home in Terabank's partner stores.

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Loan Secured by Funds

Terabank allows you to take advantage of a loan secured by your own deposit and choose the repayment method: you can either repay the loan monthly according to your preferred schedule or pay it off in full at the end of the term from the deposit amount.

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Special conditions for individuals participating in the mortgage subsidy program.

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Frequently Asked Questions

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What is the minimum required age of a borrower?

20 years.

How is the effective rate calculated?

The effective interest rate is calculated by taking into account all the necessary financial expenses and the period of expenditure.

What is the minimum principal amount of a consumer loan?

500 GEL.
 

What is the term of a consumer loan?

Consumer loans without security - from 3 to 48 months; Secured consumer loan - up to 120 months.

What assets can be used as a security for consumer loans?

Real Estate/Movable assets.

Who can be a co-borrower?

 A co-borrower can be a member of a household/family business.

What happens in case of an overdue loan repayment?

If the consumer loan repayment is overdue, a penalty is charged: 10 GEL/ 6 USD/ 4 EUR - on the first day. Followed by 0.27% of the unpaid amount for each subsequent day overdue (no more than the requirements defined by law).

Which indexes are tied to a consumer loan?

Secured consumer loan:

  • GEL - Tbilisi Inter Bank Rate - TIBR 1M
  • USD - Term SOFR
  • EURO - Euribor
The currency of the unsecured consumer loan is not tied to an index and is provided at a fixed interest rate

Who are eligible borrowers for consumer loans?

Consumer loans are granted to both residents and non-residents of Georgia. Non-residents are subject to the terms of the business agreement valid in Georgia.

Got more questions?

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