Facility

Pawnshop Loan

Pawnshop Loan with schedule

Term

Pawnshop Loan – 1, 2 or 3-month maturity period

Pawnshop Loan with schedule– 4 to 48-month maturity period.

Currency

GEL

Interest Rate

1 month loan – 1st month - 12%, after prolongation - 18%

2 or 3-month loan - 18 %

Loan with schedule - 18%

Effective Interest Rate

1 month loan month loan – 1st month – from 13,18%, after prolongation – from 19,64%

2 or 3-month loan – from 19,64%

Loan with schedule - from 19,64%

Disbursement Fee

0,5 GEL

Prolongation Fee

0,5 GEL

Collateral

Gold, diamond

Borrower

Resident/ an adult who holds a permanent residence permit

Daily Later Payment Charge

0,27% for each overdue day (no more than 0.27% of the outstanding principal amount). Furthermore, the total amount of expenses incurred from the date on which the payment went past due until the date on which it is paid off shall not exceed 1.5x the current outstanding principal balance.

*Pawnshop loans are disbursed in GEL only