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- Business Loans
- Automatic overdraft
Automatic overdraft
Automatic Overdraft – Enjoy credit limit simply, based only on turnover within the bank
Terms and Conditions:
- Overdraft amount – 5.000 – 20. 000 GEL (Or equivalent in other currencies) – without guarantee and
- 5. 000 – 40. 000 GEL (or equivalent in other currencies) with guarantee
- Term – 2 months (Limit renewal possible)
- Interest rate – 18-20%
- Guarantee - any type of movable or immovable property: apartment, country house, land, non residential space, stocks, basic means, car, precious stones and metals, warranty.**
Annual interest rate and commission fee varies according to limit amount
From 5.000 up to 20. 000 GEL automatic overdraft can be issue without guarantee of immovable property.