Loan Amount
|
Min - 500 GEL
Max - 45,000 GEL
|
Loan Maturity
|
Min - 3 months
Max - 48 months
|
Loan Currency
|
GEL
|
Annual Interest Rate
|
From 13.4%
|
Effective Interest Rate
|
From 16.30%
|
Volume of Income
|
GEL 300 (equivalent in foreign currency)
|
Type of income
|
Salary, allowance, bonus, premium, dividend, lease, remittance. Also, income generated from private business - tutoring, dentist, barber, babysitter, tailor, and taxi driver activities.
|
Loan Disbursement Fee
|
2% (min.20 units)
|
Fee for Searching the Information On not Being Allocated in the Credit Info Base
|
18 GEL
|
Loan Security
|
Not required
|
Guarantee Fee*
|
From 500 up to 5,000 GEL on loans - fixed GEL 3 per month
|
From 5000 up to 20 0000 GEL on loans - fixed GEL 5 per month
|
Withdrawal Fee
|
0.20% min GEL. 0.50
|
*Guarantee fee is activated only on loans from 500 GEL to 20,000 GEL which has neither a co-borrower nor a guarantor.
**Effective interest rate is calculated for 20,000 units.