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%)
Interest rate USD
from 0% (effective loan rate not less than 12%)
Interest rate 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
*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.
