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 12.50% ▪ USD from 9.00% ▪ EUR from 8.00%
Interest Rate (Indexed)
Index** + from 4.00%
Effective interest rate
▪ GEL from 13.53% ▪ USD from 9.59% ▪ EUR from 8.50%
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
For fixed interest rate loans: ▪ 2.0% - if more than 24 months remain until loan maturity ▪ 1.0% - if 12 to 24 months remain until loan maturity ▪ 0.5% - if 6 to 12 months remain until loan maturity ▪ 0.0% - if less than 6 months remain until loan maturity. For indexed interest rate loans: ▪ 0.5% - if more than 6 months remain until loan maturity ▪ 0.0% - if less than 6 months remain until loan maturity. Refinancing Fee from Another Financial Institution: For individuals: ▪ 0.0% of the loan amount if up to 6 months remain until loan maturity ▪ 0.5% if more than 6 months remain until loan maturity. If, at the time of refinancing, the customer’s (except an individual’s) total liabilities to the bank: - Do not exceed GEL 2,000,000 (or equivalent in another currency): ▪ 0.0% of the refinanced loan amount if up to 6 months remain until loan maturity. ▪ 0.5% if more than 6 months remain until loan maturity - Exceed GEL 2,000,000 (or equivalent in another currency): The early repayment fee shall be determined in accordance with the applicable early repayment
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 1,000,000 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.
