Terms
tariffs
The Fast UP loan is available only on Fastbank Mobile/Web platforms.
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RA resident individual entrepreneur or legal entity where the sole participant and director is the same person.
The business must be registered and operating for at least 6 months.
Financing of current expenses, capital and mixed investments, settlement of accounts payable, and loan refinancing
AMD
Loan amount*
500 000-5 000 000 AMD
18%
19․57-19․63%
None
Loan term
12-60 months
0.1% daily
0.13% daily
Payment method
Annuity (equal monthly payment of principal and interest)
Loan Type
Scoring Business Loan
Requirements for the Borrower
Credit History:
•No delinquency and/or the total number of days of overdue obligations in the last 12 months should not exceed 30 days.
•No current overdue obligations.
Age of the Borrower, who is an individual entrepreneur: 18-65 years old.
The loan is provided without collateral and without guarantees.
ATTENTION: LOAN/LEASING INTEREST IS CALCULATED ON THE BASIS OF THE NOMINAL INTEREST RATE, WHILE THE ANNUAL ACTUAL INTEREST RATE SHOWS HOW MUCH THE LOAN/LEASING 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.
*When granting a loan, the balances of unsecured business loans in the Bank are taken into account. The maximum limit for unsecured business loans provided by Fast Bank CJSC is set at 10 million AMD or equivalent foreign currency.