Due to the declaration of a state of emergency in Georgia as a result of the coronavirus, Re|Bank has decided to launch a three-month grace period on every consumer loan and Top|Card.
By March 25, staff members of Re|Bank will have contacted clients who are beneficiaries of consumer loans and will have given them further details on the grace period, while beneficiaries of our Top|Card will have received a message.
All Re|Bank customers with a Blitz|Loan, Refinancing Loan, and Top|Card can apply.
Customers with overdue payments cannot apply for the grace period.
Yes. It means that you need not pay the principal amount nor the interest rate for the period of three months for each loan product.
If you have a Top|Card, you will be fully free until July 1 from paying both the minimal and recommended amounts.
Unfortunately, beneficiaries who have missed due dates on loans and Top|Card will be unable to utilize the grace period.
The interest rate on loans will remain the same; however, the loan period will increase as a result of the grace period. Your monthly payment will also experience a minor increase due to the fact that it will contain the interest that would have been charged during the grace period. With Top|Cards, only the installment period will increase. As such, the remaining sum will be equally divided without any additional costs for a period of six months.
Your monthly payment will experience a minor increase due to the fact that the interest that would have been charged during the grace period will be divided within the remaining amount.
In the case of Top|Cards, it will depend on the installment amount utilized before July 1.
Yes. You can do so without any commission fee.
No. The respective grace period only applies to clients with an existing Blitz|Loan or Refinancing Loan.
No. Your remaining amount will be equally divided over the next 6 months after July 1, without any additional costs.
Yes. However, you may prepay and you will not be charged a service fee.
In such cases, the installment period will not change. For example: if you are using a 12-month installment and have already made two payments, then, after expiration of the grace period, your payment schedule will be divided over 10 months.
Yes, you may get a Top|Card and utilize such an unprecedented offer; however, please note that the grace period on Top|Cards expires on July 1.
In the given circumstances, the Bank has set the priority to focus and adjust to client needs and support their purchasing power. Such an approach will ensure mutual satisfaction in the long run.