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Deposit Secured Loan

Deposit Secured Loan for Bank of Georgia deposit holders.

Conditions:                                                           

  • - Loan amount: from 200 GEL
  • - Loan currency: GEL/USD/Euro/GBP/CHF – If the loan and deposit currencies are different; if the loan and deposit currencies are same loan can be issued in deposit  currency. Besides, loans up to 200.000 GEL can only be issued in GEL, except when total liabilities of the borrower in the Bank of Georgia is more than 200,000 GEL, after receiving  the loan;
  • - Loan term: No longer than the maturity date of the deposit securing the loan as collateral.
  • - If the currencies of the loan and the deposit are different, then - no longer than 3 months.
  • - If several deposits are used to secure the loan, than the maximum term of the loan will match that of the deposit with the earliest maturity date.  
  • - If a Child Deposit is used to secure the loan, the maximum term of the loan is 1 year.  
  • - Collateral: a deposit in Bank of Georgia
  • - If the loan is less than 25% of the deposit, the loan’s annual interest rate is determined similarly to the deposit interest rate.
  • - Effective Annual Interest Rate: From 8.7%