Auto Credit

Buy a car without income verification both at Terabank's partner and other car dealerships.

Term: from 3 to 60 months
Currency: GEL, USD

You can use the product even if you have a confirmed standard income or unconfirmed income such as salary, rent, dividends, or professional fees. With Terabank's auto installments, you can purchase a new car from both partner and non-partner dealerships. This product is available to individuals who are citizens and residents of Georgia.

Installment Conditions

Minimum amount		GEL 3 000
Maximum amount		GEL 120 000
Term		From 3 up to 60 months
Currency		GEL, USD
Issuance fee		2%
Withdrawal fee		see Tariff Packages
Transfer of the loan amount to the dealer's account		free of charge
Repayment terms		Equal monthly payments
Collateral		Purchased car
Minimum income		GEL 300(equivalent in foreign currency)
Complicity		At least 25% in case of confirmation of income, without confirmation - 50%
Fee for searching information in credit info database		GEL 18/USD 6

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Loans of up to 400,000 GEL are granted in Georgian lari.
The product is available to citizens and residents of Georgia.
The effective interest rate is calculated based on a loan amount of 120,000 GEL for a 60-month term.

How to Apply for Auto Installments?

Visit our branches

See locations: here

Phone: 032 255 00 00
Email: info@terabank.ge

Frequently Asked Questions

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What type of income is necessary to qualify for a loan?

Salary, dividends, rental income, and income from private activities.

Is proof of income mandatory for auto installments?

Proof of income is not mandatory to use Terabank auto installments.

What happens in case of overdue?

If the loan repayment is overdue, a penalty is charged: GEL 20 GEL/USD 6/EUR 4 - on the first day. Followed by 0.50% of the unpaid amount for each subsequent day overdue (no more than the requirements defined by law).