Auto installment
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Buy a car on installments and take advantage of the best conditions.
Characteristics
Loan currency
GEL, USD, EUR
Maximum loan amount
80,000 USD* (equivalent in other currencies)
Maximum loan term
72 months
Interest rate type
Fixed / Mixed
Interest rate
GEL - from 0% (effective loan rate not less than 14%); USD - from 0% (effective loan rate not less than 12%); EUR - from 0% (effective loan rate not less than 12%)
Downpayment
From 20%
Coverage rule
Monthly, equal payments
Issuance fee
From 0%
Withdrawal fee
0.2% (GEL), 0.5% (USD, EUR)
Early repayment fee
0-2% (in fixed period) 0-0.5% (in indexed period)
Late payment penalty
0.4% of the overdue amount (for each overdue day), not exceeding the requirements specified by law
Auto Insurance
Mandatory
Life insurance
Not mandatory
Fee for the mortgage registration and related certificates
165 GEL + 110 GEL + 110 GEL
*Loans under GEL 750,000 are issued only in the national currency, except for cases provided by law.
**During the indexed period, interest rates are linked to public indices: the refinancing rate of the National Bank of Georgia (for GEL), 6-month Term SOFR (for USD), and 6-month Euribor (for EUR). These indices may change (increase or decrease), and accordingly, the loan interest rate and monthly payment will also change.
