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| Purpose |
Buying an apartment from the Bank's partner development company |
| Amount |
30 000-600 000 GEL |
| Tenor |
6-240 months (120 months if a loan is taken in a foreign currency) |
| Interest Rate |
GEL – from 13.9%, EUR – from 6.7%, USD – from 8.8% (indexed loan) |
| Effective Interest Rate |
GEL - from 15.44%, EUR – from 7.49%, USD – from 9.76% |
| Effective interest rate if an indexed loan is changed by 5 points (GEL)/3 points (foreign currency) |
GEL - from 21.26%, EUR- from 10.72%, USD – from 11.06% |
| Effective interest rate if GEL depreciates by 15% |
EUR – from 28.52%, USD – from 31.46% |
| Disbursement fee |
0.40% |
| Security |
Real estate bought with loan amount |
| Participation |
20 %-დან |
| Life insurance rate |
0.72% |
| Property insurance rate |
0.28% |
| Withdrawal fee from account |
0%-0.6% -according to the tariff of account |
| Overdue penalty |
20 GEL – on the first day overdue, 0.5% of the arrears for each overdue day (no more than 1.5 times the outstanding principal amount). |
| Early repayment fee if repaid with own resources and other banks |
0.5% - if more than 6 months remain before the maturity of the Agreement |
| 0% - if less than 6 months remains before the maturity of the Agreement |
| Borrower |
A citizen of Georgia or a foreign country |
| Co-borrower |
N/A |
| Way of evidencing income |
Income can be evidenced in a simplified way |
