Credit Line
A credit line can be used to replenish short-term liquidity or to finance working capital. If you use a credit line, you only pay the interest accrued on the loan capital on a monthly basis;
If you have funds available before the maturity of the credit line, you can repay and then re-use the principal amount as and when it is needed. The full debt is repayable upon maturity of the credit facility.
Maximum credit line period: 12 months
Loans with standard repayment schedule | GEL | USD | EUR |
Loan interest rate | Fixed, indexed (refinancing rate, LIBOR, EURIBOR) | ||
Nominal interest rate | From 10.50% | From 7.70% | From 7.00% |
Effective interest rate | From 11.45% | From 8.53% | From 7.80% |
Effective interest rate in case of 15% depreciation of the foreign currency | N/A | From 24.80% | From 23.96% |
Loan disbursement fee | From 0.20% | ||
Cash withdrawal fee | 0.20% | 0.30% | 0.30% |
Real property mortgage registration fee | GEL 158 per property | ||
Real property mortgage cancellation fee | GEL 158 per property |