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Auto Lombard

If you need money and you have an automobile, we offer you the best terms and quick funding.

The amount can be landed only through guaranteeing an automobile.

After presenting the ID card and the Vehicle Registration Certificate, CREDO Bank’s expert will evaluate your automobile, draw up a flexible loan payment schedule and you will enjoy up to 6-month grace period on the principal amount, if necessary.

What is more important, the automobile remains on your name and in your possession with the right to drive. And if you have the amount to meet the liability in advance, you will be able to pay any time beforehand.

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
Advantages
  • 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