There are periods for every business, when extra cash availability is needed at short hand. Whether stemming from the seasonality of business, smoothing gaps in operating cash collection or attainment of inventory, fast, flexible and easily accessible credit line provides funding for such brief periods of time for evolving needs of business.
*Loans up to 200,000 GEL are disbursed in national currency only.
CREDIT AMOUNT |
>= 10 000 GEL &NBSP;<=6 000 000 GEL (EQUIVALENT USD, EUR) |
Tenor |
<=12 months |
Type of Interest Rate |
Fixed, indexed |
Interest Rate |
GEL from 11% USD from 5.5% EUR from 4.5% |
Effective Interest Rate |
GEL from 13% USD from 7% EUR from 6% |
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; |