Investment loan
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- For the purchase / construction / renovation of commercial real estate,
- For the acquisition of commercial land plots,
- For the purchase / repair of movable property,
- For the modernization of production,
- Investments in a new direction of the existing business,
- Refinancing of internal and external loans received for business development and investment purposes
Characteristics
Credit amount*
≤ 1,000,000 USD (equivalent GEL, EUR)
Period
≤ 120 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 13.91% ▪ USD from 6.84% ▪ EUR from 5.25%
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.
