MBC Increases Its Maximum Lending Limit to GEL 500,000

Starting this month, MBC is making business loans of up to GEL 500,000 available to customers. The increase in the maximum lending limit directly responds to the growing needs of our core customer segments - micro, small and medium-sized businesses, as well as self-employed individuals - providing entrepreneurs with greater opportunities to expand their businesses and access financial resources more easily.

“Our goal is to make financing more accessible to customers, regardless of the sector they operate in or the type of income they earn - whether it is a fixed salary, income from business activities, remittances, rental income or other sources. We pay particular attention to representatives of small, family-owned and agricultural businesses, individual entrepreneurs and self-employed individuals, including tutors, craftsmen and people engaged in other independent professional activities,” - says Giorgi Ghvaladze, MBC’s Commercial Director.

We believe that time is a valuable resource for every entrepreneur and should primarily be dedicated to growing their business. That is why customers can submit applications and complete the relevant procedures remotely, without spending time visiting a service centre.

Moreover, choosing remote services at MBC is also financially more advantageous. Customers who opt for remote service can obtain a loan at an effective interest rate that is several percentage points lower. “This means that entrepreneurs not only save time but also reduce their financing costs,” - says Giorgi Ghvaladze.

By increasing the maximum lending limit to half a million GEL, MBC is also making financing more accessible to customers who wish to secure additional funds alongside their existing financial commitments or consolidate their loans under one financial institution to obtain better terms.

We would also like to remind you that, in early November, we introduced an updated range of business loans to the market, offering improved lending terms, simplified procedures and increased limits. Loans are available both without collateral and against the security of motor vehicles or real estate.

MBC will continue to introduce exciting new solutions, innovative financial products and services to the market. We constantly monitor our customers’ needs and work on developing solutions that make financial services even simpler, more accessible and more convenient. This is what common sense in banking means to us - making banking simple, transparent and human,” - notes Giorgi Ghvaladze.

MBC - Common Sense for Your Business.