Agro Da-Ka-Vi

Purchase agricultural equipment with the flexible installment payment function Da-Ka-Vi

If you need to purchase agricultural equipment and machinery to develop your agricultural activities, you can do so most easily with the Credo Bank payment function Da-Ka-Vi - with preferred payment terms tailored to seasonal income:

DaKaVi the cost into 4 to 8 months and pay exactly as much as the product costs
DaKaVi the cost into 3 or 5 months interest-free and take advantage of the grace period, which means paying the full amount in the last month of the schedule

Would you like to spread the payment over convenient terms?

Choose an installment plan from 9 to 24 months and take advantage of a payment schedule individually tailored to your income.

You can purchase the desired products in our partner stores based on any type of income - it doesn't matter:

You receive remittances
You earn money from business, agro, agricultural activities
You have income from self-employment
Your salary is deposited in the bank

Simplify the process by understanding your installment options in advance. You can request and receive an installment limit of up to 12 000 GEL from Mycredo Mobile Bank, with the help of your village consul, at any Credo Bank service center or store, with an installment officer. This allows you to use it at any time without interruption.

Don't delay, develop your agro business with us!

Conditions

Agro Da-Ka-Vi

Limit amount: up to 12 000 GEL
Limit can be used: within 12 months from receipt
Installment issued within the installment limit: effective from 0%
See the terms of the agreement here

Standard Agro Installment

Annual interest rate: from 0%
Effective interest rate: from 0.04%
Loan amount: from 45 GEL - up to 50 000 GEL
Term: from 3 months - up to 24 months
Loan issuance fee: from 0%
Total loan monitoring fee: from 0 GEL
Insurance fee: from 0 GEL
Monthly current account service fee: 1 GEL

Take Advantage of Additional Installment Options

Manage your installment payments in a way that suits your needs. Whether you have a Da-Ka-Vi (flexible) or a standard installment plan, you can make early repayments, change the installment term or return to the recommended payment schedule.

1. Early Repayment

Would you like to pay off your installment balance ahead of schedule?

You can repay your outstanding installment balance, either in full or in part, before the date specified in your agreement.

Full Early Repayment

Pay off your entire remaining installment balance before the agreed repayment date

Partial Early Repayment

In addition to your regular monthly installment, you can make extra payments to reduce your outstanding principal balance

Where can you do this?

Via Mycredo or at any Credo Bank service center

2. Change Your Installment Term

Would you like to reduce your monthly installment?

You can request an extension of your installment term, allowing you to spread the outstanding amount over a longer period.

What are the conditions for extending the installment term?

- The installment term can be extended to 12 or 24 months

- The new term must be longer than the remaining term of your current installment plan

- The term of each installment plan can be extended only once

- A new payment schedule will be generated after the term is changed

For example:

If your installment plan has 6 months remaining, you can request an extension to 12 or 24 months. If 18 months remain, you can extend the term only to 24 months.

This option is not available for installment plans with an original term of 24 months or longer.

Where can you do this?

Via Mycredo or at any Credo Bank service center.

3. Return to the Recommended Payment Schedule

If your installment plan has been switched to a minimum payment schedule, you can return to the recommended payment schedule, provided that you have not made a payment since the installment term was extended.

In this case, your originally established recommended monthly installment amount will be restored, and an updated payment schedule will be generated based on your remaining outstanding balance.

Where can you do this?

To return to the recommended payment schedule, visit any Credo Bank service center.

Shop at Partner Stores

If you already have a Credo Bank installment limit, shop at our partner stores.