“SOCIETY AND BANKS”: MONTHLY LOAN PAYMENT WILL RISE FOR 252,029 BORROWERS

Due to the increase of the refinancing rate by the National Bank of Georgia (NBG) to 8.25%, the monthly loan payment will increase for 252,029 borrowers, Society and Banks organization said.

As of April 1, there were 252,029 loans issued with a floating interest rate in Georgia, most of which are tied to the refinancing rate, the organization specified.