The project aims to facilitate access to business loans for beneficiaries who lack sufficient collateral. The project targets businesses with annual sales at 20 million max and the total debt of no more than 12 million GEL. The project also envisages 30% state collateral support for businesses affected by COVID-19. Such businesses are offered flexible terms of debt restructuring. Lower and upper loan limits: 50,000-5,000,000 GEL.
For additional information, call us at 2272727
CREDIT AMOUNT |
<= 5 000 000 GEL |
Tenor |
<=120 months |
Type of Interest Rate |
Fixed, indexed |
Interest Rate |
From 11% |
Effective Interest Rate |
From 13% |
Disbursement Fee |
From 0.2% |
Account Opening Fee |
From 10 GEL |
Withdrawal fee |
From 0.2% |
Credit Info Fee |
No more than 25 GEL |
Fixed Late Payment Penalty |
One-time payment of GEL 20 (equivalent in loan currency) |
Daily Late Payment Penalty |
0.5% per day overdue. Furthermore, the total amount of expenses incurred from the first day overdue until full settlement of the overdue liability should not exceed 1.5x of the current principal balance |
Early Repayment / External refinancing Fee |
In the case of a fiixed rate: No more than 0% of the prepaid amount (the amount paid to settle the outstanding principal balance at the time of prepayment) if 0 to 6 months remain before the maturity of the agreement; No more than 0.5% of the prepaid amount (the amount paid to settle the outstanding principal balance at the time of prepayment) if 6 to 12 months remain before the maturity of the agreement; No more than 1% of the prepaid amount (the amount paid to settle the outstanding principal balance at the time of prepayment) if 12 to 24 months remain before the maturity of the agreement; No more than 2% of the prepaid amount (the amount paid to settle the outstanding principal balance at the time of prepayment) if more that 24 months remain before the maturity of the agreement. In the case of an indexed rate: 0% of less than 6 months remains before credit maturity; 0.5% if more than 6 months remain before credit maturity; |
RE Mortgage Registration Fee |
Per unit 56 GEL; |
RE Mortgage Registration Cancellation Fee |
RE Mortgage Registration Cancellation Fee |
Movable Property Pledge Registration Fee |
Per unit 174 GEL; |
Movable Property Pledge Registration Cancellation Fee |
Per unit 20 GEL; |