The loan can be used to:
- Set up a new enterprise;
- Expand or upgrade your existing enterprise;
- Cover the necessary capital expenditure.
- The loan must be 100% used for the purchase of capital assets.
- The loan can be used for refinancing a credit disbursed under the programme.
Amount: 150 000-5,000,000 GEL
Earmarked co-financing:
The state will fund 7% interest on GEL loans in the first two years.
*You should submit a business plan to obtain the financing.
CREDIT AMOUNT |
<=10 000 000 |
Tenor |
<=120 months |
Type of Interest Rate |
Indexed, 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% |
Credit Info Fee |
No more than GEL 12 |
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; |