Why home improvement loan?
Request a loan for renovation today; bring the desired changes to your own house and make it even more luxurious. Moreover, you do not need to renovate the whole house as you can even choose to improve just a single room and avoid extra costs.
What is the advantage of the loan?
- Benefit from a simplified process of borrowing
- Insure credit payment at a special price
- Reduce credit interest with the offset function.
- Get an American Express card as a gift with a credit limit of 10 000 GEL
Why home improvement loan?
Request a loan for renovation today; bring the desired changes to your own house and make it even more luxurious. Moreover, you do not need to renovate the whole house as you can even choose to improve just a single room and avoid extra costs.
What is the advantage of the loan?
- Benefit from a simplified process of borrowing
- Insure credit payment at a special price
- Reduce credit interest with the offset function.
- Get an American Express card as a gift with a credit limit of 10 000 GEL
Terms
CurrencyGEL / USD / EURO / Swiss franc (loans up to 400 000 GEL are issued only in GEL)
TermUp to 240 months
LimitFrom 3 000 USD
Interest rate typeIndexed, Fixed
Nominal interest rateIn case of indexed loans: GEL from -12,3%; Dollar from -10,2%; EUR from -8,9% (Indices used: Lari- TIBR rate; US Dollar-TERM SOFR index Euro-EURIBOR index)
Effective interest rate In case of indexed loans: GEL from -14,7%; Dollar from -12,3%; EUR from -10,8% (Indices used: Lari- TIBR rate; US Dollar-TERM SOFR index Euro-EURIBOR index)
IncomeFrom 400 GEL
Collateral securityImmovable property
Age22-70 years
Co-BorrowerParent and child, spouse, sibling
Life insuranceFrom 0.45%
For breach of contract20 GEL for the first overdue day; 0.5% of the amount - daily in case of overdue payment (no more than the requirement specified by law)
Fee for withdrawing money from the account0-0.6%
When paying with your own fundsDuring the fixed interest rate period: Determined - up to 0-2% depending on the remaining term of the loan: 6 months - 0%; 6 - up to 12 months - 0.5%; 12 - up to 24 months - 1%; More than 24 months - 2%
During the indexed interest rate periodLoan amount: 0.00%, if there are up to 6 months remaining until the end of the loan term; 0.50%, if there are more than 6 periods remaining
Referral fee from another financial organizationRefinanced loan amount: 0.0%, if there is less than 6 months left until the end of the loan term; 0.5%, if there is more than 6 months left. If a loan issued in foreign currency is refinanced from another financial institution, refinanced loan amount in GEL: 0%.
