Loan Secured by Funds

Cash covered loan allows you to access preferential credit terms, while retaining the high interest rate on your deposit.

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

Loan Secured by Funds

Terms of Loan

Minimum Loan Amount   250 Units
Maximum Loan Amount   Depends on the volume of deposit
Minimum Loan Maturity   Unlimited
Maximum Loan Maturity   Determined according to the term of deposit
Loan Currency   GEL/ USD/ EUR
Loan Repayment Terms   At the end / with an annuity (according to the customer's wish)
Loan allocation fee   0.5%
Loan Security   To secure the loan, it is possible to reserve the amount available on several deposits*
Early Repayment Penalty   0%
Annual Interest Rate GEL   4% added to the interest rate of deposit, not less than 12%
Annual Interest Rate Foreign currency   4% added to the interest rate of the deposit
Withdrawal fee   see Tariff Packages

*If the loan amount exceeds USD 50 000  or its equivalent, it is mandatory to register the right to request a deposit in the Public Registry. 

See fully

  • If the currency of the loan corresponds to the currency of the deposit, the amount of the loan and the interest accrued on it should not exceed 95% of the amount of the deposit
  • If the currency of the loan and the currency of the deposit are different, the amount of the loan and the interest accrued on it should not exceed 90% of the amount of the deposit
  • The conversion must be done at a commercial rate
  • Important Information: Loans up to GEL 400,000 can be disbursed in a foreign currency only if the loan is fully secured by funds in the same currency

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Loan Secured by Funds

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.

Frequently Asked Questions

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What is the minimum approval age for the loan?

20 years.

How is the effective interest rate calculated?

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

What is the term of the secured loan?

The minimum term of the loan secured by money is unlimited, while the maximum term depends on the term of the deposit.

Got more questions?

info@terabank.ge Send us a message
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