VTB Bank offers its customers guaranteed terms on consumer loans. If within one month after receiving a loan, a better effective rate is approved elsewhere, the Bank will reduce the interest rate or nullify the porting charge, along with a refund of the loan origination fee.
The interest rate on the loan starts from 11.9% (effective rate from 18.2%). The maximum term - 4 years. Consumer loans are available in GEL, the maximum loan amount is GEL 45000.
The guaranteed loan term implies the following: if within one month (30 calendar days) from the issuance of a VTB Bank loan to the customer, any other banking institution approves a loan on better terms with identical parameters (purpose, term, currency and amount), the VTB Bank will adjust the interest rate of the loan, and, in case of transferring the loan to another banking institution, the customers will be refunded the one-time loan origination fee as well as the early repayment commission charge.
The above condition applies to the loans received before 24 April.