National Bank (NBG) , loan rates are increased on the market. In the fourth
quarter (Q4 / 2017) percentage rate of up to one- year consumer loans increased
from 17.8% to 18.5%. In the same period last year (Q4 / 2017) a decline in
rates from 19.9% to 17.8%
Market rates cover all types of loans, including secured loans. The unsecured loans rate increased to 20.07% in the last quarter of the reporting year (01.01.2017 - 18.8%).
The dynamics of the quick, so-called online loan prices are not broken. The category of a loan for which the central bank set a 100% upper limit to protect consumers.
Market rates are slightly below the limit for this time. Annual loan rates (effective) range within 91% -99.7%.
The widest choice is offered by Liberty Bank, except for 12- month, it offers a 6- month at 93.3% annually, a one- year loan at 98% (effective). Liberty Bank offers a loan worth up to GEL 2 500 . TBC and Bank of Georgia issue only a one- year up to GEL 1 500. A similar loan is issued by VTB but it is only a one -month (with prolongation) worth up to GEL 300 at 99.03% APR (annual percentage rate) .