The Auto Loan provides up to 200,000 GEL secured against a vehicle, with an effective interest rate advertised from 29.9%, an issuance commission from 0% and a four-month grace period. The car stays registered in the borrower’s name.
Scapp also offers an online version of the auto loan (up to 100,000 GEL) with approval in around 30 minutes and no branch visit, plus an Eco-Auto variant aimed at electric and energy-efficient vehicles.
What's good
- Vehicle stays registered to the borrower
- Four-month grace period and 0% issuance option
Trade-offs
- Effective rate starts at a high 29.9%
- Loan is secured by your vehicle
