Student Loan
As part of Credo Bank's commitment to social responsibility, the student loan was designed to provide everyone with the opportunity to pursue a quality education by making financing more accessible and affordable.
Our student loan offers a competitive interest rate of just 2.6% (effective rate 3.7%) and includes a full grace period during your studies, with an additional 6 months after graduation before payments begin.
How to apply for a student loan from Credo Bank:
- Download or open the Mycredo app.
- Complete a simple authentication or register using the facial recognition feature.
- Select "Student Loan" from the product options.
- Upload the required documents.
- Review and accept the loan agreement and payment schedule.
Once approved, the loan amount will be transferred directly to your university's account on the same day.
- Annual interest rate: 2,6%
- Effective interest rate: from 3.7%
- Amount – up to 20,000 GEL;
- Duration – up to 96 months;
- Issuance fee - 2%;
- Receiving the amount – without the financial analysis, on the basis of the educational document and ID Card
- Full grace period – duration of study plus 6 months (related to both the principal amount and the interest rate)
- Maximum grace period - 54 months
- Low interest rate - from 2.6% (from effective 3.7%)
- The grace period is the study period + 6 months
- Receiving money only on the basis of a document confirming studentship, without proof of income
- Transfer money directly to the university account, on the same day
Amount
Period
The base and percentage are covered
Effective interest rate
Do you want to use grace period?