Eligibility Criteria for Potential Beneficiaries

The potential beneficiary of the program must own real estate registered in their name with the National Agency of Public Registry (LEPL) or have leased real estate from the state/municipality (the remaining lease period must be at least 10 years at the time of the program application submission, and the lease agreement must be registered with the National Agency of Public Registry), on which the loan funds will be invested.

The loan may be issued by the commercial bank at either a fixed or variable (floating) interest rate, which should not exceed the refinancing rate set by the National Bank of Georgia, plus no more than 5% on the date of loan approval.

From the total funding amount allocated to the beneficiary, within no more than 26 months from the disbursement of the loan or its first tranche, the interest rate for the first 24 months of the loan will be fully financed under the project.