The Bank of Georgia Consumer Loan provides an unsecured cash sum for personal needs, with the option to apply through the bank’s mobile app where pre-approved clients receive an instant offer. The bank also offers SMS loans and instant installments as related quick-credit products.
The amount, term and interest rate are set individually at approval based on the client’s income and credit history.
What's good
- Instant offer for pre-approved clients in the app
- No collateral required
Trade-offs
- Rate set individually, not published upfront
- Unsecured rates higher than secured loans
