Loan amount |
min - 1,000 GEL
max-individualy*
|
Loan term |
min - 6 months
For those with Georgian or dual citizenship in GEL - 180 months; In other currency - 120 months**
For those without Georgian citizenship - 72 months
|
Loan currency |
GEL, USD, EURO
|
Annual Interest Rate
|
GEL - Index + from 4.3%
|
USD(Libor-based variable rate)-from 8.45%
|
EURO(Euribor-based variable rate)- from 8.10%
|
Effective Interest Rate
|
GEL - from 15.9%
|
USD - from 9% |
EURO - 8.6% |
loan repayment rate
|
monthly equal installments
|
collateral
|
Real estate
|
Loan disbursement fee |
0.9% (min. 50 units)
|
Contribution in case of purchase of real estate
|
From 30 %
|
Fee for retrieving information in the Credit Info database
|
18 GEL
|
Withdrawal fee
|
0.20% min. 0.50 GEL.
USD/EURO - 0.50% min. 1 GEL in the respective currency
|
*A loan or bank credit for amounts less than 300,000 GEL can only be issued in the national currency, except when the borrower's income and the loan are in the same currency.
In order to get a loan, it is necessary for the consumer to receive income outside the country.
**In the case of a mortgage loan issued in a foreign currency, if the borrower's income is in the currency of the loan - not more than 15 years.
In the case of a mortgage loan issued in a foreign currency, if the income of the borrower and the currency of the loan differ from each other - not more than 10 years.
See the registration / termination fee at the link
When refinancing a mortgage loan issued in a foreign currency from January 1, 2019 to January 1, 2022, if the loan is issued in a foreign currency and the borrower's income and loan currency differ, the maximum loan term is allowed to be 15 years.
***The effective interest rate is calculated for 100,000 GEL. Term - 84 months.