Eligibility requirements for TBC bank credit
☑️ Be a citizen of Georgia aged between 18 and 70
☑️ Have received salary payments in the last three months
☑️ Have at least one salary deposit at TBC Bank and two in another bank
☑️ Minimum monthly income of 200 GEL
☑️ Meet the bank’s credit evaluation criteria
Required documents for TBC bank credit application
📄 Valid ID or passport
📄 Proof of income (salary slips, rental income, or remittance statements)
📄 Bank statements if required by the bank
📄 Proof of residence (utility bill or official statement)
Approval depends on meeting the requirements, and the bank may request additional documents if necessary.
How to apply for TBC bank credit
Applying for TBC bank credit is straightforward and can be done entirely online. Customers who receive their salary through TBC Bank can apply via the bank’s digital banking platform or mobile app. The application requires filling out a form with personal and financial details.
After submission, the bank evaluates the creditworthiness and sets the overdraft limit based on salary records. If approved, the overdraft is activated, allowing immediate use.
Approval is subject to the bank’s credit assessment. If denied, applicants can reapply after a set period or work on improving their financial profile before reapplying.
How to pay monthly installments for TBC bank credit
Repayments for TBC bank credit are flexible, as the minimum required payment is 10% of the used credit plus accrued interest. Payments can be made through online banking, ATMs, or bank branches.
The customer chooses a repayment date between the 5th and 27th of each month. To avoid penalties, it is advisable to make payments on time and regularly monitor overdraft usage.
Taxes and costs
TBC bank credit comes with specific costs and fees that users should consider. The fixed interest rate starts at 16%, with an effective interest rate beginning at 17.06%. A penalty fee of 20 GEL is charged on the first overdue day, and a daily penalty of 0.5% of the outstanding amount applies for further delays, with a total penalty cap of 1.5 times the remaining balance.
Since interest is charged only on the utilized amount, users can minimize costs by repaying as soon as possible.
A tip for your budget
To make the most of TBC bank credit while reducing costs, consider these strategies:
🟢 Track your overdraft usage regularly to avoid excessive borrowing.
🟢 Set aside funds to cover at least the minimum repayment amount every month.
🟢 Use overdraft funds only for necessary or planned expenses.
🟢 Repay more than the minimum required amount whenever possible to lower interest charges.
Start your application today
Want to take advantage of TBC bank credit? Click below to visit the official TBC Bank website and learn more about eligibility, fees, and the application process.