If you want an easy option for buying a brand new car, you can take advantage of a monthly installments plan with the help of Terabank. The product is available for those receiving a standard confirmed income as well as those with an unconfirmed income. You can buy a new car both at Terabank's partner and non-partner auto centers. The product is intended for individuals who are citizens and residents of Georgia.
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Product Terms
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Loan amount
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Min - GEL 3,000
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Max - GEL120,000
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Loan term
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Min - 3 months
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Max - 60 months
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Loan currency
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GEL, USD*
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Annual interest rate
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GEL - from 16.70%
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USD - from 10.80%
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Effective interest rate
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GEL - from 19.30%
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USD - from 12.5%
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Loan repayment terms
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Equal monthly payments
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Loan security
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A purchased car
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Minimum of income
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GEL 300 (equivalent in foreign currency)
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Type of income
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Salary, dividend, lease, income generated from private business
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Loan disbursement fee
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2%
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Contribution
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Min. 25% n the case of confirmed income, min. 50% in the case of unconfirmed income
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Transfer of the loan amount to the account of the dealership
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Free
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Fee for searching in the Credit Info base
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GEL 18/USD 6
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*A loan or bank credit for amounts less than 400,000 GEL can only be issued in the national currency to residents of Georgia. except when the borrower's income and the loan are in the same currency.
**The loan is disbursed to citizens/residents of Georgia.
***The effective interest rate is calculated for GEL 120,000, for 60 months.