Long-Term Student Loan

Finance your studies with a program grounded in international experience and enjoy a 5-year grace period.

  • Secured loan term: up to 120 months  
  • Unsecured loan term: up to 72 months  
  • Currency: GEL

Long-Term Student Loan

If you are a student of a higher or vocational educational institution operating in Georgia and you want to take a loan to finance your studies, Terabank and the Millennium Fund offer you an unprecedented program.

The long-term student loan model is developed based on international experience and fully adapts to your needs. Students and entrants enrolled in higher and professional education programs with authorized international educational accreditation operating in Georgia (only citizens of Georgia) will benefit from the loan. Science and Engineering (STEM) majors are given priority.

Students participating in the program can benefit from a grace period and begin repaying the loan one year after graduation.

Loan Conditions

Minimum amount   GEL 300
Maximum: unsecured   GEL 45 000
Maximum: secured   GEL 80 000
Grace Period   Up to 60 months
Term: Unsecured   Up to 72 months
Term: guaranteed   Up to 120 months
Currency   GEL
Issuance Fee   0%
Guarantee Fee   GEL 0
Withdrawal fee   see Tariff Packages
Borrower's (Student's) Status   "Active" or "Suspended" due to non-payment of tuition fees
Participation   Not required
Collateral   Letterhead / Real Estate

show fully

Nominal   From 9.9%
Effective   From 9.01%

Documentation required to use the product:

  • Identity document;
  • A copy of the agreement signed with the relevant institution regarding enrollment;
  • A certificate from the educational institution confirming student status; if suspended, a notice explaining the reason for suspension;
  • For bachelor's and master's degrees, a notice of exam scores;
  • For first-semester students, information on exam scores as required by the institution's regulations;
  • A certificate from the educational institution detailing the educational program and study results, including the weighted average score (GPA);
  • For professional educational programs, a notice or recommendation;
  • For first-semester students, a notice of enrollment in the educational program;
  • A notice or recommendation describing academic performance and completed modules;
  • Information about any state educational or master's grants and/or other types of grants (if applicable);
  • An invoice from the educational institution specifying the tuition fee.

How to Request a Loan?

Visit our branches

  • See locations: here

Contact us:

Academic Institutions

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

Frequently Asked Questions

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

Funding under the program is provided annually. The student will receive a one-time payment covering up to 100% of one year's tuition fees.

What criteria must the training program meet?

To be eligible for the long-term student loan program, the educational program must comply with the rules established by current Georgian legislation and meet at least one of the following criteria:

  • It is developed and implemented based on an international agreement ratified by the Parliament of Georgia;
  • It has obtained international accreditation or is in the process of acquiring it;
  • It is a joint accredited educational program with a foreign institution;
  • It is a joint educational program as defined by the Law on Higher Education;
  • It operates in EU member states and is recognized by a member organization of the European Network for Quality Assurance (ENQA).

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 required age of a borrower?

18 years.
 

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 overdue?

If the loan repayment is overdue, a penalty is charged: GEL 20 - 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).

Other Loans

Consumer Loan For Couriers

Consumer Loan For Couriers

Standard loan for achieving personal goals.

Mortgage Loan

Mortgage Loan

A mortgage loan for the purchase, construction, or renovation of desirable real estate.

Mortgage Loans for Immigrants

Mortgage Loans for Immigrants

Mortgage loan issued without the need for additional collateral.

Online Installment

Online Installment

Get the item you want with convenient installments from Terabank's partner stores, all without leaving home.

Auto Credit

Auto Credit

Installments for the purchase of the desired car, without proof of income.

Long-Term Student Loan

Long-Term Student Loan

Tailored financing for students and future students pursuing higher education.

Subsidized Mortgage Loan

Subsidized Mortgage Loan

Special conditions for individuals participating in the mortgage subsidy program.

Investment Mortgage Loan

Investment Mortgage Loan

Investment mortgage loan to transform real estate into a source of income.

"Move to a New Apartment" Mortgage Loan

"Move to a New Apartment" Mortgage Loan

A loan for those who want to replace their old apartment with a new one.

Simplified Mortgage Loan

Simplified Mortgage Loan

For those who want to buy an apartment in a developer company, or replace the internal installments within the same company with a loan.

Cash Covered Loan

Cash Covered Loan

A loan secured by your own deposit, with the payment method of your choice.

Consumer Loan

Consumer Loan

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

Got more questions?

info@terabank.ge Send us a message
Visit Us Check out our branches
Loans
Loans
Deposits
Deposits
Cards
Cards
More