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Loan Secured by Funds

Cash covered loan allows you to access preferential credit terms, while retaining the high interest rate on your deposit.

Term: 120 months
Currency: GEL, USD, EUR

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Terms of Loan

Minimum Loan Amount		250 Units
Maximum Loan Amount		Depends on the volume of deposit
Minimum Loan Maturity		Unlimited
Maximum Loan Maturity		Determined according to the term of deposit
Loan Currency		GEL/ USD/ EUR
Loan Repayment Terms		At the end / with an annuity (according to the customer's wish)
Loan allocation fee		0.5%
Loan Security		To secure the loan, it is possible to reserve the amount available on several deposits*
Early Repayment Penalty		0%
Annual Interest Rate GEL		4% added to the interest rate of deposit, not less than 12%
Annual Interest Rate Foreign currency		4% added to the interest rate of the deposit
Withdrawal fee		see Tariff Packages

*If the loan amount exceeds USD 50 000 or its equivalent, it is mandatory to register the right to request a deposit in the Public Registry.

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If the currency of the loan corresponds to the currency of the deposit, the amount of the loan and the interest accrued on it should not exceed 95% of the amount of the deposit
If the currency of the loan and the currency of the deposit are different, the amount of the loan and the interest accrued on it should not exceed 90% of the amount of the deposit
The conversion must be done at a commercial rate
Important Information: Loans up to GEL 400,000 can be disbursed in a foreign currency only if the loan is fully secured by funds in the same currency

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