Terms
tariffs
Development of entrepreneurial activity, agriculture
Loan type
Commercial loan
Individual entrepreneur or legal entity aged 18–65
Loan currency
AMD
USD
Loan amount
500,000 - 2,000,000,000 AMD
1,000 - 5,000,000 USD
Loan term
24-120 months
0-24 months, depending on the specifics of the business
Annual nominal loan interest rate
(by type of collateral)
Guarantee
24–60 months - 500,000 – 10,000,000 AMD - 16%
Property
24–120 months - 3,000,001 – 400,000,000 AMD - 13.5%
24–60 months - 400,000,001 – 2,000,000,000 AMD - 13%
61–84 months - 400,000,001 – 2,000,000,000 AMD - 14.5%
Guaranty
24–60 months – 1,000–25,000 USD – 13.75%
Property
24–120 months – 7,001–1,000,000 USD – 9.5%
24–84 months – 1,000,001–5,000,000 USD – 9.5%
85–120 months – 1,000,001–5,000,000 USD – 10.5%
Annual actual interest rate of the loan
Guarantee
24–60 months - 500,000 – 10,000,000 AMD - 17.2–17.4%
Property
24–120 months - 3,000,001–400,000,000 AMD - 14.8–17.2%
24–60 months - 400,000,001 – 2,000,000,000 AMD - 13.6–13.8%
61–84 months - 400,000,001 – 2,000,000,000 AMD - 15.3–15.6%
Guarantee
24–60 months – 1,000–25,000 USD – 14.5–14.7%
Property
24–120 months – 7,001–1,000,000 USD – 9.8–11.4%
24–84 months – 1,000,001–5,000,000 USD – 9.8–9.9%
85–120 months – 1,000,001–5,000,000 USD – 11–11.2%
None
None
In accordance with Appendix 1
Security measure
Collateral
Real estate and/or vehicles,
Other forms of collateral may also be required based on the decision of the Credit Committee.
Collateral
Real estate and/or a vehicle (the mortgage agreement is notarized),
Other forms of collateral may also be required based on the decision of the Credit Committee.
Car
The production date of a vehicle at the time of pledging must not exceed:
1. for Russian-made cars: 5 years,
2. for cars manufactured in other countries: 10 years.
The car is subject to compulsory "Casco" insurance (against physical damage and car theft) in favor of the Organization, at least in the amount of the Loan and for the entire Loan period, subject to insurance agreement renewal annually.
The collateral is subject to appraisal by an independent valuation agency cooperating with Fast Bank CJSC and/or an employee of the bank, depending on the loan amount.
The Bank employee's assessment is free.
0.1% daily
0.13% daily
Early repayment
At a rate of 5% of the amount being repaid early.
Applicable to loans with a contractual amount exceeding AMD 5,000,000 or the equivalent in foreign currency.
500,000–3,000,000 AMD
1,000–7,000 USD
Guarantee from at least one individual (aged 18–65) or an individual entrepreneur who has no outstanding overdue obligations.
3,000,001–10,000,000 RA drams
7,000–25,000 US dollars
Guarantees from at least two individuals (aged 18–65) or individual entrepreneurs who have no outstanding overdue obligations.
The total number of days of overdue obligations incurred by each guarantor over the past year must not exceed 30 days.
At least one of the guarantors must be a real estate owner or a registered employee.
Annuity (equal monthly payment of principal and interest)
Equal monthly payment of the differentiated/principal amount and interest/
Individual repayment schedule
Repayment method of the client's choice
* In the case of loans provided for construction, the grace period may be set for a period of one month less than the term of the loan provided.
** In the case of lending to credit organizations, interest rates shall be set 0.5% lower.
** In the case of the availability of existing commercial loans/leases at the bank at the time of submitting the loan application or in the case of submitting more than one loan/leasing application at the same time, the interest rate corresponding to the sum of the principal balances of existing liabilities and the amounts of the expected loan(s)/leasing(s) shall be taken as the basis for determining the interest rate of the requested loan(s).
ATTENTION: IN THE EVENT OF NON-PERFORMANCE OR INCOMPLETE PERFORMANCE OF YOUR OBLIGATIONS, THE LENDER SHALL, AFTER 3 WORKING DAYS, SUBMIT SUCH DATA TO THE ACRA CREDIT BUREAU AND THE CENTRAL BANK (CB) CREDIT REGISTRY, WHERE YOUR CREDIT HISTORY IS FORMED.
YOU HAVE THE RIGHT TO OBTAIN YOUR CREDIT HISTORY FROM THE CREDIT BUREAU FREE OF CHARGE ONCE A YEAR.
ATTENTION: A POOR CREDIT HISTORY MAY HINDER YOU FROM OBTAINING LOANS IN THE FUTURE.
ATTENTION: LOAN INTEREST IS CALCULATED ON THE BASIS OF THE NOMINAL INTEREST RATE, WHILE THE ANNUAL ACTUAL INTEREST RATE SHOWS HOW MUCH THE LOAN WILL COST IF THE INTEREST AND OTHER PAYMENTS ARE MADE WITHIN THE SPECIFIED PERIOD AND AMOUNTS. THE PROCEDURE FOR CALCULATING THE ANNUAL ACTUAL INTEREST RATE IS POSTED ON THE BANK'S OFFICIAL WEBSITE
You can find detailed information about credit history and credit score here
You can find other loan-related terms and conditions at the following link.