Geo

EU4Business - EBRD credit line

EU4Business - EBRD credit line to support small and medium sized enterprises

  • EU4Business-EBRD credit line is a joint initiative of the European Union and the European Bank for Reconstruction and Development to support Georgian SMEs with no more than 249 employees access finance
  • The programme includes investments in fixed assets.
  • After the successful project verification, the company receives up to 15% of the loan value as a grant incentive, funded under the EU4Business initiative of the European Union.

Loans with standard repayment schedule

GEL

USD

EUR

Loan interest rate

Fixed, indexed (refinancing rate, 6 Month TERM SOFR, EURIBOR)

Nominal interest rate

From 13.5%

From 7.70%

From 7.00%

Effective interest rate

From 15.29%

From 9.03%

From 8.30%

Effective interest rate in case of a 3% index increase in USD and EUR / 5% index increase in GEL

From 21.24%

From 12.94%

From 13.07%

Effective interest rate in case of 15% depreciation of the foreign currency

N/A

From 28.04%

From 28.45%

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

Prepayment fee/refinancing fee on different bank loan

For fixed rate:

No more than 0% of the amount paid to cover the principal balance of the loan if there are 0 to 6 months left before the expiry of the agreement.

No more than 0.5% of the amount paid to cover the principal balance of the loan if there are 6 to 12 months left before the expiry of the agreement.

No more than 1% of the amount paid to cover the principal balance of the loan if there are 12 to 24 months left before the expiry of the agreement.

No more than 2% of the amount paid to cover the principal balance of the loan if there are more than 24 months left before the expiry of the agreement.

For indexed rate:

0% if less than 6 months are left before the loan expiry.

0.5% if more than 6 months are left before the loan expiry.