Short-term Business Loan
It is recommended to use a short-term business loan to perform one-time transactions/investments, or to finance a new business direction.
The principal of the loan and the accrued interest is to be repaid in a single lump sum upon maturity. It is also possible to repay the loan capital and current accrued interest before the scheduled term without any commission fee.
The term for short-term business loans is 12 months.
Loans with standard repayment schedule | GEL | USD | EUR |
Loan interest rate | Fixed, indexed (refinancing rate, LIBOR, EURIBOR) | ||
Nominal interest rate | From 11.00% | From 7.70% | From 7.00% |
Effective interest rate | From 11.93% | From 8.62% | From 7.67% |
Effective interest rate in case of 15% depreciation of the foreign currency | N/A | From 24.91% | From 23.81% |
Loan disbursement fee | From 0.20% | ||
Cash withdrawal fee | 0.20% | 0.30% | 0.30% |