The Universal loan is Georgian Capital’s longest-term general-purpose product, with a limit of up to 100,000 GEL and a term reaching 120 months. The nominal rate starts from 30% per year, with effective rates up to 50%.
The extended term lowers monthly instalments for larger borrowing. Georgian Capital is a National Bank of Georgia-licensed microfinance organization lending to individuals and small businesses.
What's good
- Very long term up to 120 months
- High credit limit up to 100,000 GEL
Trade-offs
- Long term increases total interest paid
- Effective rate can reach 50%
