BUSINESS OVERDRAFT
To improve short-term business liquidity
- Currencies: GEL, USD, EUR
- Maximum term: 12 months
- Collateral: No collateral required in most cases
You pay interest only on the amount utilized
FREQUENTLY ASKED QUESTIONS
What is a business overdraft used for?
A business overdraft can be used to finance ongoing operational expenses, such as payments to suppliers, salaries, or other short-term needs.
How is interest calculated on a business overdraft?
Interest is charged only on the amount actually used. If you use part of the overdraft limit, you pay interest only on that portion.
What type of interest rate applies to the overdraft?
The overdraft has a fixed interest rate.
What is the loan issuance fee?
The overdraft loan issuance fee starts from 0.20% and depends on the amount and currency.