Auto Lombard

If you're in need of money and you own a car, Credo Bank offers fast financing with the best conditions available.

You can receive the money you need only by using your car as collateral.

All you'll need to provide is your identity card and your vehicle's technical passport. A Credo Bank expert will evaluate your car, and you can create a flexible loan repayment schedule that works for you. You can also benefit from a grace period of up to 6 months on the principal amount as needed.

Most importantly, your car will remain in your name and ownership with the right to drive. If you have the means to cover the obligation in advance, you can pay off the loan at any time.


Here's what we offer:

  • Loan Amount: Up to 50,000 GEL
  • Loan Term: Up to 6 years
  • Grace Period: 6 months
  • No Proof of Income Required
  • No Loan or Insurance Commission Fees
  • Interest Rate: From 24%
  • Effective Interest Rate: From 27.08%
Terms and Conditions
  • Amount - from GEL 2,500 up to GEL 50,000
  • Period – up to 72 months
  • Annual from 24%
  • effective from 27%
  • Commission for issuing the loan - 0%
  • Life insurance - not required
  • Manufacture year of the automobile at the end of the loan period – max. 20 years since manufacturing; In case of demanding up to GEL 5,000 - 25 years
  • Grace period on the principal amount – up to 6 months
  • Chane to receive the amount only through guaranteeing an automobile;
  • Quick and simple procedure
  • During the loan period the automobile remains in the clinet’s possession with the right to drive
  • Flexible payment schedule