Where can I use my installment card?

• Installment card can be used worldwide at any bank, ATM or trade outlet and service center where VISA card is accepted;

Back to TopWhat can I buy with installment card?

Any product or service amounting to or costing over GEL 50.

How can we use the card?

• Hand it to the shop assistant and in case of demand present your ID
• Shop assistant will sweep your visa card at the service terminal
• Dial your card PIN code on the terminal and in case of demand, sign the receipt

Back to TopHow many products can I buy with installment card? And what is the product cost limit?

• The number of products bought with installment card is unlimited, while the minimum cost of a single purchase should be GEL 50.
• The cost of purchases should not exceed the approved card limit.

What is the repayment period?

Any transaction made by installment card is automatically registered as 10-month installment plan and respectively, it is repaid in 10-month period.

Back to TopWhat is the interest rate on product bought with installment card and how can we calculate our monthly payments?

If you get salary paid to your TBC Bank account or have credit history at our bank, any product purchased by installment card becomes expensive by 16%. Repayment amount equals to: product price* 116% and divided by 10 months per one purchase.

E.g. in case of GEL 1000 purchase, your monthly installment will be GEL 116 during 10 months (1000*116%/10).

In other cases, your purchase will become expensive by 20%. Respectively, your repayment amount will be the following: product cost*120%/10

Back to TopHow can we calculate repayment amount if we buy several products by installment card?

Repayment amount of each installment are added to each other to get a total installment:

E.g. With 16% interest rate, the client bought a product that cost GEL 1000 (monthly payment GEL 116), while later he/she bought another product at a cost GEL 200 (monthly payment 23.2), total monthly payment will make 116+23.2=139.2 GEL . If the client buys another product next month (at a cost GEL 500, respectively monthly payment GEL 58) total monthly payment amount will be summed up in this way: 139.2+58=197.2 GEL.

Back to TopHow can I learn information about the installment limit and the arrears?

• If you use telephone banking service, call the number 227 27 27
• You get SMS message on your mobile on the first day of each month (indicating the repayment amount, date and the remained limit)*
• By visiting the bank branch
• Using TBC Pay cash-in terminals in our bank branches

Back to TopWhen and at what date do we start repayment?

Repayment starts from the next month after making the purchase on the date that you choose when receiving the card (any date from 10th to 27th inclusive).

Back to TopHow can I repay the arrears?

• By depositing cash at any TBC Bank branch and service center (please find the addresses on TBC Bank web-site)
• Transfers (Standing Order)
• Internet banking, Mobile bank
• By transferring money from another bank
• Using TBC Pay cash-in terminals in our bank branches

Back to TopCan I cover the installment ahead of schedule?

You can, without any extra charge.

Back to TopHow can we create our positive credit history and what does "CreditInfo Georgia" mean?

“Credit info Georgia" is a credit bureau, database of which unites information concerning your credit history.

Before approving the loan (installment), banks usually verify the client's credit history in the database of bad payers.

Be aware not to appear in the bad payers' base! Try to cover your monthly arrears of the installment card on time and create your positive credit history, which will open you way to get loan for the next more important purchase.

^{*In case of changing or canceling your mobile telephone number please inform TBC Bank, otherwise, the bank disclaims the responsibility for not reaching the information to the addressee.}
Back to Top