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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.
  • - 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%