Frequently Asked Questions

What is business loan?

Business loan is a product by Swiss Capital, which is used, as an additional resource for your business development and repayment of other liabilities. Swiss Capital Business Loan gives you an opportunity to take advantage of grace period and start repayment after 3 months.

Who can take the business loan offered by Swiss Capital?

The business loan is accessible for individuals as well as legal entities who hold micro and small businesses. The minimum business experience period is 3 months.

What is Promissory Note?

A promissory note is a financial document in which the issuer takes the absolute responsibility to pay the determinate a sum of money together with interest. 

When can I withdraw the principal?

You can withdraw it as soon as the Promissory Note term is completed. 

What is the currency I can invest in Promissory Note?

Upon your choice - GEL, USD or Euro. 

How frequently do I get interest?

It is up to you - it can be monthly, quarterly,  annually or at the end of the term. 

On what basis do I get the Mortgage loan?

Mortgage is issued on the basis of the real estate’s guaranty (flat or commercial area),  we issue a commercial pledge through National Agency of public registry. 

Only real estate located in Tbilisi or suburbs, or Batumi is considered

What is the Mortgage Loan duration?

From 3 months up to 10 years

What is the currency of the loan ?

The loan is issued in Georgian Lari

What does Car Leasing mean?

Want to buy a car but lack required amount of money? Swiss Capital’s car leasing will finance 90% of the cost of the desired car.

How do I pay back the loan?

You pay both – interest and principle at the same time each month according to the contractual schedule. Monthly payment is paid by placing money on Swiss Capital’s account in our partner bank

What documents do I need to get a loan?

  • ID
  • The updated extract from the national agency of public registry of the real estate.
  • Ownership documents (e.g. if the current owner received the property by heritage/donation/purchase, title deed/donation/purchase agreement must be presented) in case of absence of the original documents, copies can be requested from the National Agency of Public Agency

What is the currency of the loan ?

We issue mortgage loans in Georgian Lari.

What is the loan approval procedure?

After you fill out the application, our representative will appraise your estate, which is the basis for issuing the loan. The whole procedure takes up to one day.

What is the maximum amount of loan I can get?

We don’t have price-limits for the value of the car, therefore you are not limited in your choice.

Do I need to pay anything preliminarily?

We finance up to 80% of the car value, therefore minimum 20% is required as downpayment.

When will I get the money?

You will get the answer in 20 minutes after filling in an application. In case of positive answer, the maximum time from filling an application and getting money  is 1 hour.

What is the maximum duration of car-leasing loan?

Leasing Loan can be issued for up to 72 months period.

Do I have to register car on the company name?

The car stays in your ownership. We only issue the commercial pledge

Is auto insurance necessary?

Insurance is obligatory if the car value is more than 7000 USD or 16000 GEL

Will I have additional cost other than interest?

The only extra cost you will have is the cost of commercial pledge, which can be distributed for the duration of loan or paid initially. This is the only extra cost you will have to pay; we do not have hidden fees! Swiss Capital cares about your comfort and operates in one-stop-shop principle; therefore the whole process from filling out the application and getting cash is done in a branch

Can I re-finance my current loan to Swiss Capital?

Yes, you can re-finance and transfer your current loan to SwissCapital!

How do I cover the loan? – Do I only pay interest or principle?

You are the one who chooses the terms, we provide you with both solutions. You can use interest-only or annuity loan. With interest-only, you pay interest and at the end of the term you pay the principal, while in annuity loan you pay interest and principal both together in equal installments, thus at the end of the term the loan amount is zero.   

When will I get the money?

You will get cash the same day when fill the application! It takes up to 20 minutes to review the application and since we give out cash and no transfer is required, just within 1 hour you will get the money!

What is the maximum loan duration?

Loan is issued for up to 3 years

What do I need to do to get the loan?

We issue the loan only to citizens/residents of Georgia, who have ID Card/Passport and are over 21 years old, have a tech passport of the car. Along with this, car must be produced at least in 1996