Business overdraft

The maximum product limit is 20,000 GEL;

If a business is seasonal, accrued interest will be charged once a year, together with the principal, and the overdraft can be re-drawn;

The interest accrues on the outstanding balance of the overdraft limit;

The term of the limit is 48 months.

The minimum product limit is 500 GEL;

Free utility payments (through internet banking);

Free internet/mobile banking;

High interest on the positive account balance

Discounts at various stores;

Terms

CREDIT AMOUNT	<=20 000 GEL
Tenor	<=48 months
Type of Interest Rate	Fixed
Interest Rate	From 22%
Effective Interest Rate	From 30%
Disbursement Fee	From 1.7%
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	0.5% 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
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;

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