Target group

Legal entities and individual entrepreneurs, engaged in continuous business for at least 6 months

Loan type

Credit, credit line, overdraft

Loan currency

AMD, USD, EURO, RUR

General agreement amount

From AMD 60'000'001 (or in equivalent currency) to the amount of the maximum risk normative per single borrower set by CB RA.  

General agreement period

Up to 120 (One hundred and twenty) months.

Loan amount

From AMD 60'000'001 (or in equivalent currency) to the amount of the maximum risk normative per single borrower set by CB RA.  

Loan period

Up to 84 months

Annual interest rate

10-15%  

Interest accrues on the balance of the loan amount (current year - 365 days). 

Annual interest rate for the unused credit line or overdraft

Up to 3%

Interest accrues on the balance of the loan amount (current year - 365 days).

Loan purpose

Replenishment of working capital, purchase of fixed assets, construction, renovation, payment of credit debt and current financial obligations.

Loan and credit account service fee

0.5% of loan amount 

(charged at the time of the loan)

Repayment order 

Equal monthly installments (annuity).

Taking into account the business aspects, the Credit and Small Credit Committees of the Bank may establish other loan and interest repayment orders.

 Loan coverage

- Real estate, vehicles, machinery (fixed assets), circulating means, public bonds, cash assets and the right for monetary claim; 

- Guarantee of individuals (participants, shareholders, members) having a share capital of the company by 10% or more.

Requirements to pledger

If the pledger is an individual person, his age at the time of loan shall not exceed 65 years.

Insurance

Pledged vehicles, machinery (fixed assets) and circulating means are subject to insurance for the entire loan period. 

Collateral appraisal

- Collateral appraisal is carried out by persons authorized by the State Real Property Cadastre Committee under the RA Government (the appraisal of vehicles, machinery (fixed assets) and circulating means may be carried out by the Bank's Evaluation Committee);

- All expenses for appraisal, verification and registration of a pledge agreement are made by the borrower (pledger).

Penalties for overdue loan amount or interest

-  Penalty for overdue principal amount - 0.1 % per day;

-  Penalty for overdue interest - 0.2 % per day;

In case of delay or default of the loan amount or interest, the collateral is subject to foreclosure. 

Loan pre-payment

From 0% to 2% of the pre-paid loan amount