The FINANCIAL — VTB Bank offers its customers loans tied to monetary (refinancing) rate of National Bank of Georgia. Loaninterest rate is calculated according to the following formula: Loan % = National Bank refinancing rate + interest margin.
Refinancing rate is determined by the National Bank monthly and represents the main instrument of monetary and credit policy. It changes periodically in accordance with monetary policy objectives.
Loan is issued in GEL for the purchase, construction and repair of real estate. Interest rate is 8,25%. Loan maximum period is 15 years. Loan maximum amount is 400 000 GEL and the minimum income of the borrower shall be 800 GEL.
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