Secured Consumer Loan
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If you have not got enough amount of money for your needs, we offer you a target control free loan.
Characteristics
Loan currency
GEL, USD, EUR
Maximum loan amount
GEL 300,000 or equivalent in other currency
Maximum loan term
10 Years
Interest rate
From 11% GEL / 7% USD / 5% EUR
Effective interest rate
From 12.10% GEL / 7.96% USD / 5.38% EUR
*Credits for the sum of less than 750,000 GEL will be issued only in the national currency, except for cases provided by law.
**Lending rates are tied to the following indices: refinancing rate of the National Bank of Georgia (GEL), 6-month SOFR (USD), 6-month EURIBOR (EUR)
Loan security
- Real estate
The list of documents, which must be presented to get the loan
- Completed credit application form;
- A copy of identification of a borrower/co-borrower;
- A confirmation document of ownership of a property, which is presented as a loan security;
- A confirmation document of income of a borrower/co-borrower.
Criteria of borrower selection
- Every physical person, which lives in Georgia, has got a stable monthly income such as salary, dividend or lease of at least 300GEL, could use the mortgage loan;
- If your income is not enough to get the loan, you can present maximum 2 members of your family as a co-borrower, which must meet the required criteria of the bank.
