Is similar to common Consumer Loan that is secured by the Term Deposit opened with VTB Bank (Georgia). Loan term and amount depend on the same features of the deposit. Applying for given product in most cases will prove more advantageous than prematurely withdrawing the deposit. You may request a loan in currency different from deposit currency.
The loan may be secured by the Deposit of a third party
Interest rate | Deposit interest rate + 4 % |
Effective interest rate | From 4.10% |
Minimum loan amount | GEL 100 |
Maximum loan amount | Deposit amount |
Loan term | Deposit term |
Loan currency | GEL, USD, EUR |
Upfront commission fee | 0% |
Pre-payed fee | 0% |
Special note | Loans up to GEL 200,000 are issued in national currency |
Documents required:
Collateral
Term Deposit (except for Child and Savings deposits) and a Surety (if a third party deposit is presented as a collateral)