Products

Auto Loan

MBC’s auto loan is the ideal choice for those planning to purchase a vehicle or seeking financing secured by an existing car. Approval can be obtained in as little as 30 minutes.
 

By opting for remote service, the application process can be completed entirely online, requiring a visit to the service center only to receive the funds.
The vehicle remains in the owner's possession throughout the loan term.

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What are the Advantages of an MBC Auto Loan

With an MBC Auto Loan, you no longer have to worry about saving up money over years: Once the loan is approved, you can buy a new car, or pursue any other purpose.

MBC reviews the application of any customer with any credit history, and offers:

The best terms for an Auto Loan of up to GEL 50,000;
Review financing in case of any credit history;
Receive a response remotely;
Decrease the payment schedule, tailor it to your income;
Transfer from any financial organization;
Fast and simplified procedures;

Why You Should Get an MBC Auto Loan

 

Because there are always better conditions herewith us!

 

 

  • The lowest interest rate!
  • Higher vehicle rating!
  • Simplified procedures!
  • The loan can be approved without your leaving home!
  • Vehicle evaluation done remotely!
  • Loans for customs clearance and import of your chosen car!
  • MBC is represented in almost all major towns and cities in Georgia!
  • The car remains in your name!

 

Auto Loan Terms

MBC will consider any application of a customer with any credit history. Auto loans will be issued to individuals who are 20 years or over.

To get a loan, you will need:

A car

ID card or passport

Its Certificate of Registration

Main Terms of the Auto Loan

Loan Currency
GEL
Maximum Loan Amount
50,000 GEL
Maximum Loan Term
72 Months
Nominal Interest Rate (Fixed)
From 24%
Effective Interest Rate
From 27.5%
Commission
From 1%
Standard Cost of Lien Registration
GEL 113
Overdue Fine
From 0.2% To 0.25%
Early Redemption Fee
If, before the end of the contract, there is left 6 month: 0%; 6-12 months: 0,5%; 12-24 months: 1%; 24+ months: 2%

How do I get the desired amount

Fill out the online application

Wait to Hear From Us

Visit a nearby MBC branch

Frequently Asked Questions

What is the difference between an auto loan and auto leasing?

 

With an auto loan, you are the owner of the vehicle from the very beginning, which makes managing it much simpler during the loan term. In contrast, with auto leasing, the vehicle remains the property of the company until the loan is fully repaid, which makes porting the loan to another organization more difficult.

 

Which product is better for me - an auto loan or auto leasing?

 

An auto loan is a more flexible choice if you want the vehicle to be in your possession and wish to have more freedom in managing it.

 

Can I refinance an auto loan from another financial institution with MBC?

 

Yes. Refinancing an auto loan from another financial institution with MBC is possible in order to improve the loan terms.

 

How is the loan repaid?

 

The loan is repaid through a declining balance schedule. The process is simple and fully transparent. Each monthly payment includes both the principal and the accrued interest.

 

Why should I choose MBC?

 

Whether you want to drive a better car or receive funds for any purpose by securing them against your current vehicle - MBC offers flexible procedures and fast, same-day financing