Loan for working capital
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Financing all expenses related to current activities, including: purchase of raw materials / goods, payment of salaries, repayment of liabilities to the supplier, repayment of current payments to the budget and non-budget funds, as well as refinancing of internal and external loans to replenish working capital.
Characteristics
Credit amount*
≤ 1,000,000 USD (equivalent GEL, EUR)
Period
≤ 36 months. Renewable credit line with a tranche term of up to 12 months.
Type of interest rate
Fixed, indexed, mixed (for a certain period - fixed, then - indexed)
Interest rate (fixed)
▪ GEL from 13.00% ▪ USD from 6.50% ▪ EUR from 5.00%
Interest Rate (Indexed)
Index** + from 4.00%
Effective interest rate
▪ GEL from 14.10% ▪ USD from 7.14% ▪ EUR from 5.55%
Disbursement fee
From 0.1%
Account opening fee
Frее
Withdrawal fee
▪ GEL - 0.2% ▪ USD, EUR - 0.5%
Daily Late Payment Penalty
From 0.1% per day overdue, not exceeding the requirements defined by law
Early repayment / external refinancing fee
In the case of a fiixed rate: ▪ No more than 0.0% 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 1.0% 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 2.0% 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: ▪ 0.0% of less than 6 months remains before credit maturity; ▪ 0.5% if more than 6 months remain before credit maturity;
Mortgage registration fee
Per unit 157 GEL
Mortgage registration cancellation fee
Per unit 150 GEL
Real estate insurance
Not mandatory
Repayment schedule
Annuity / seasonal repayment
* Loans less than GEL 500,000 are issued only in the national currency, with the exceptions provided by law.
** Interest rates in the indexed period are linked to public indices: refinancing rate of the National Bank of Georgia (GEL), 6-month Term Sofr (USD), 6-month EURIBOR (EUR), which may change (increase or decrease), respectively, the loan interest rate and loan repayment will be changed.
