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| Purpose |
Apartment purchase, construction or renovation, purchase of plot of land |
| Loan amount |
3000-500 000 USD* (equivalent in GEL/EUR) |
| Loan tenor |
6-180 months |
| Interest Rate |
GEL - from 13.4%; EUR - from 8%; USD – from 9.8% (for indexed loans) |
| Effective Interest Rate |
GEL - from 15.02%; EUR - from 8.35%; USD – from 10.31% |
| Effective Interest Rate if indexed rate changes by 5 points (GEL) / 3 points (foreign currency) |
GEL - from 16.74%; EUR - from 8.35%; USD - from 13.34% |
| Effective Interest Rate if GEL depreciates by 15% |
EUR - from 29.59%, USD - from 32.13% |
| Disbursement fee |
0.40% |
| Loan collateral |
Real estate - apartment, commercial space or plot of land |
| Life Insurance Rate |
0.72% |
| Property Insurance Rate |
0.28% |
| Withdrawal Fee (from the account) |
0%-0.6% - according to the tariff for the account |
| Late Payment Penalty |
20 GEL on the first day overdue; 0.5% of the outstanding amount per each day overdue (in total, no more than 1.5x of the outstanding principal balance). |
| Early repayment fee with own / from a difrerent bank |
0.5% - if more than 6 months remain |
| 0% - if less than 6 months remains |
| Participation |
From 15% |
| Borrower |
A citizen of Georgia or a foreign country |
| Co-borrower |
Mother, father, sister, brother. Maximum 2 co-borrowers are allowed for one loan. |
| Income |
Salary, rent, money remittances, dividend |
| Ways to evidence income |
Salary account statement from a bank or Revenue Service, rent agreement, remittance statements, business analysis |
| Offset function |
Include the offset funtion |
