KfW - Energy efficiency loan/leasing

Development and implementation of energy-efficient projects

AMD 

Minimum amount: AMD 2,000,000
Maximum amount: AMD 500,000,000

A startup business may be provided with a loan/leasing of up to AMD 5,000,000.
(A business is considered a startup if the potential borrower has not had any active business during the preceding 6 (six) months.)

10․75%

11.32-17.58%

none

Minimum term: 12 months

Maximum term: 60 months

0 - 12

0.1% per day

0.13% per day

A penalty of 5% of the prepaid amount is applied in case of early repayment of the loan/leasing.

✔ Applicable for loans with a contractual amount of AMD 5,000,001 and above.

In case the interest rates of loans/leasing are subsidized under the “Productivity Promotion Program” (Annex 1), approved by the Government of the Republic of Armenia Decision No. 355-L dated March 26, 2020, “On Approval of Targeted Programs for the Modernization of the Economy,” no early repayment penalty is applied.

Resident legal entity of the Republic of Armenia**, individual entrepreneur

The repayment method is chosen by the customer.

Real estate and/or
Guarantees:
• For customers that are legal entities — personal guarantees from the business founders and ultimate beneficial owners,
• For individual entrepreneurs — if the ultimate beneficial owner is a third party, a guarantee from the ultimate beneficial owner.
Movable property.

Other forms of collateral may also be required by decision of the Credit Committee.

In the case of pledging a motor vehicle, the manufacturing age must not exceed:
• 5 years for vehicles of Russian origin,
•10 years for vehicles of other countries of origin.

In accordance with Annex 3.

The collateral is subject to valuation by an independent appraisal agency cooperating with the Bank and/or by a Bank employee, depending on the amount of the loan/leasing.

The valuation performed by a Bank employee is provided free of charge.