Preferential Agrocredits for capital assets are disbursed for funding:
- New agricultural enterprises and expanding the existing ones.
- For the cultivation of new perennial crops
- For agricultural and timber manufacturing mechanization
The interest rate on the loans will be co-financed by the Ministry of Agriculture of Georgia.
Main terms and conditions
COMPONENT / SUB-COMPONENT |
LOAN AMOUNT |
TERM |
INTEREST RATE CO-FINANCING |
TERM OF CO-FINANCING |
Fixed asset financing |
From 20 000 GEL to 1 500 000 GEL |
Not more than 120 months |
Annual 11% |
48 months |
For agricultural and timber manufacturing mechanization |
From 7,000 GEL to 1,500,000 GEL |
Not more than 120 months |
Annual 8% |
48 months |
For the cultivation of new perennial crops |
From 20 000 GEL to 1 500 000 GEL |
Not more than 120 months |
Annual 11% |
48 months |
For the food and energy efficient industries |
From 1 500 000 GEL to 10 000 000 GEL |
Not more than 120 months |
Annual 11% |
48 months |
Preferential agro-credit up to 75 000 GEL is granted to physical(not an individual entrepreneur).
CREDIT AMOUNT |
<=10 000 000 GEL |
Tenor |
<=120 months |
Type of Interest Rate |
Fixed, indexed |
Interest Rate |
From 11% |
Effective Interest Rate |
From 13% |
Disbursement Fee |
0.2% |
Account Opening Fee |
From 10 GEL |
Withdrawal fee |
From 0.2% |
Fixed Late Payment Penalty |
One-time payment of no more than 20 GEL (equivalent in loan currency) |
Daily Late Payment Penalty |
0.1% per day overdue. Furthermore, the total amount of expenses incurred from the first day overdue until full settlement of the overdue liability should not exceed 1.5x of the current principal balance |
Early Repayment / External refinancing Fee |
If repaid with own funds: 0% If refinanced from another bank In the case of a fiixed rate: No more than 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% 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% 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% of less than 6 months remains before credit maturity; 0.5% if more than 6 months remain before credit maturity; |
RE Mortgage Registration Fee |
Per unit 56 GEL; |
RE Mortgage Registration Cancellation Fee |
Per unit 51 GEL; |
Movable Property Pledge Registration Fee |
Per unit 174 GEL; |
Movable Property Pledge Registration Cancellation Fee |
Per unit 20 GEL; |
For detailed information visit the web page