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
Loan Type
Scoring Business Loan
AMD
Loan amount*
500 000-5 000 000 AMD
18%
19․57-19․63%
Loan term
12-60 months
Payment method
Annuity (equal monthly payment of principal and interest)
! 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.
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.
INTERMEDIATE FEES, PENALTIES AND FINES
Not defined
0.1% daily
0.13% daily
The loan is provided without collateral and without guarantees.
*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.
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.