Geo

Loans with Standard/Individual Repayments Schedules

Loans with a standard repayment schedules are repaid in equal monthly instalments.
A 12-month grace period is available for this type of loan, during which you only pay the interest accrued on the loan capital. You begin repaying the loan capital after the grace period has ended.

If you run a seasonal business, you may take advantage of an individual loan repayment schedule tailored to your business.
You may use the loans with standard and individual repayment schedules to finance both working capital needs as well as fixed or other long-term assets.

  • Business loans with a standard repayment plan – identical monthly loan instalments
  • Business loans with a grace period – no instalments for six months after the loan has been issued, or instalments of accrued interest only. Identical monthly instalments are payable after the grace period has expired
  • Business loans with a seasonal payment plan – individual instalments tailored to your business needs

Business loans can be used for the following purposes:

  • Working capital – increase stock, expand your range of goods, settle liabilities to suppliers, etc.
  • Fixed assets – purchase/repair machinery and equipment, etc.
  • Real estate – purchase/build business premises, purchase land
  • Other business needs – investments in business development and sustainability

Working capital - 36 monthsThe maturity of business loans depends on their intended use:

Fixed assets - 60 months

Real estate - 120 months

Currency - GEL/USD/EUR

Loans with standard repayment schedule

GEL

USD

EUR

Loan interest rate

Fixed, indexed (refinancing rate, 6 Month TERM SOFR, EURIBOR)

Nominal interest rate

From 13.5%

From 7.70%

From 7.00%

Effective interest rate

From 15.29%

From 9.03%

From 8.30%

Effective interest rate in case of a 3% index increase in USD and EUR / 5% index increase in GEL

From 21.24%

From 12.94%

From 13.07%

Effective interest rate in case of 15% depreciation of the foreign currency

N/A

From 28.04%

From 28.45%

Loan disbursement fee

From 0.20%

Cash withdrawal fee

0.20%

0.30%

0.30%

Real property mortgage registration fee

GEL 158 per property

Real property mortgage cancellation fee

GEL 158 per property

Prepayment fee/refinancing fee on different bank loan

For fixed rate:

No more than 0% of the amount paid to cover the principal balance of the loan if there are 0 to 6 months left before the expiry of the agreement.

No more than 0.5% of the amount paid to cover the principal balance of the loan if there are 6 to 12 months left before the expiry of the agreement.

No more than 1% of the amount paid to cover the principal balance of the loan if there are 12 to 24 months left before the expiry of the agreement.

No more than 2% of the amount paid to cover the principal balance of the loan if there are more than 24 months left before the expiry of the agreement.

For indexed rate:

0% if less than 6 months are left before the loan expiry.

0.5% if more than 6 months are left before the loan expiry.