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 300,000 GEL can only be issued in the national currency to residents of Georgia.
**The loan is disbursed to citizens/residents of Georgia.
***The effective interest rate is calculated for GEL 120,000, for 60 months.