TBC Bank’s business loan offer envisages <2,000 to 6,000,000 GEL funding for small and medium-sized businesses and individuals.
*Loans up to 200,000 GEL are disbursed in national currency only.
Businesses always need cash to maintain a steady working capital. It is also crucial to invest in capital goods – buy or upgrade equipment, as well as cover various expenses.
The programme aims to encourage business growth and expansion, contribute to financial stability, provide working capital financing, support the borrower’s investment plans and much more.
CREDIT AMOUNT |
<=6 000 000 GEL (EQUIVALENT USD, EUR) |
Tenor |
≤60 / WC, current expenses ≤84 / fixed assets, machinery ≤180 / commercial RE purchase/construction/renovation |
Type of Interest Rate |
Fixed, indexed |
Disbursement Fee |
From 0.2% |
Account Opening Fee |
From 10 GEL |
Withdrawal fee |
From 0.2% |
Credit Info Fee |
Depends on credit currency, no more than: 25 GEL, 10 USD, 8 EUR |
Fixed Late Payment Penalty |
One-time payment of no more than 20 GEL (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 |
Per unit 51 GEL; |
Movable Property Pledge Registration Fee |
Per unit 174 GEL; |
Movable Property Pledge Registration Cancellation Fee |
Per unit 20 GEL; |