Long-Term Student Loan

Finance your studies at internationally accredited higher or professional educational institutions in Georgia.

  • Term: Up to 120 months
  • Currency: GEL

Long-Term Student Loan

What You Need to Know

Borrower's Age   From 18 years
Borrower (Student) Status   "Active" or "Suspended" due to non-payment of tuition fees
Minimum Total Loan Amount   GEL 300
Maximum:Unsecured   up to GEL 45 000
Maximum:Guaranteed   up to GEL 80 000
Grace Period   Maximum 60 months (12 months added to the study period)
Payment Period:Unsecured   Maximum 72 months
Guaranteed   Maximum 120 months
Currency   GEL
Nominal   From 9.9%
Effective   From 9.01%
Issuance Fee   0%
Participation   Not required
Collateral   Letterhead / Real Estate
Guarantee Fee   0 GEL
Withdrawal fee   see Tariff Packages

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  • Identity document
  • Copy of the agreement signed with the relevant institution regarding enrollment in an educational institution
  • Certificate issued by an educational institution about the student/professional student status; In case of suspended status, notice indicating the reason for suspension of status
  • Bachelor's and master's degree exam scores information
  • For the first semester of the first course, information about the points obtained in the exams established by the legislation in force in the educational institution
  • Certificate issued by the educational institution regarding the educational program and the results of studies within it - weighted average score (GPA)
  • Professional educational program reference/recommendation
  • For the first semester of the first course, notice of enrollment in the educational program
  • Certificate/recommendation describing the student's academic performance and information about the module completed in accordance with the course
  • Information about the obtained state educational/master's grant and/or other type of grant
  • Invoice from the educational institution indicating the tuition fee

University Programs Financed by Student Loan

Ivane Javakhishvili Tbilisi State University

Ivane Javakhishvili Tbilisi State University

Ilia State University

Ilia State University

The Georgian Institute of Public Affairs

The Georgian Institute of Public Affairs

  Tbilisi State Medical University

Tbilisi State Medical University

Caucasus University

Caucasus University

Georgian Aviation University

Georgian Aviation University

Webster University Georgia

Webster University Georgia

Georgian Technical University

Georgian Technical University

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Frequently Asked Questions

Didn't find what you're looking for? Send us a question
How is education financed?

Funding within the program is carried out annually. The student will receive one-time funding in the amount of a maximum of 100% of the tuition fees for 1 year.

Which training programs are financed?

To be included in the long-term student loan program, the educational program must meet specific criteria outlined by Georgian legislation, including being developed and implemented based on international agreements or obtaining international accreditation.
 

What is the minimum age of the borrower?

18 years.
 

How is the effective rate calculated?

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

How long is the grace period?

The grace period of a long-term student loan lasts a maximum of 60 months

What happens in case of an overdue loan?

The overdue penalty is 0.2% of the overdue amount for each overdue day.

To which indices is the loan currency linked?

  • Lari - Tbilisi Interbank Interest Rate - TIBR 1M index
  • USD - Term SOFR
  • Euro - Euribor index

Got more questions?

info@terabank.ge Send us a message
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