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Terms
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Fast business Simple business
Resident of the Republic of Armenia: Private Enterprise, Legal Entity (KFW),
an individual aged 18-65 engaged in agricultural activities
! The business must be registered and have been operating for at least 6 months*.
To KFW-s /for capital, current and mixed investments/
AMD
300,001-10,000,000 AMD 2,000,000-260,000,000* AMD
* A start-up business (operating for up to 6 months) can be provided with a loan of up to 5 million AMD.
12.4%
Up to 60 months: 11.9%
Starting from the 61st month: the annual interest rate applicable at the Bank at that time under the
"Commercial Loans" loan type, in line with the contractual term of the loan, based on the Bank’s own resources.
! The loans are subject to refinancing by the German-Armenian Fund Project Management Office. In case the latter does not refinance the loan, as well as if the loan is used for other purposes, the annual nominal interest rate of the loan may be changed and set at 24%.
13.09 - 13․11% 12․56 - 15․91%
None
Minimum term: 24 months
Maximum term: 60 months
Minimum term: 24 months
Maximum term: the maximum term currently applicable under the
"Commercial Loans" loan type within the Bank, based on the Bank’s
own resources.
0-24 months
0.1% daily
0.13% daily
In case of early repayment of the loan, a penalty of 5% of the early repaid amount shall be applied.
This condition applies to loans with a contractual amount of AMD 5,000,001 or more.
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
For loans in the amount of AMD 300,001 – 3,000,000:
At least one guarantor, either an individual
(aged 18–65) or a sole proprietor, who
does not have any overdue obligations.
The guarantor must either:
be an owner of immovable property,
or have a registered salary.
For loans in the amount of AMD 3,000,001 – 10,000,000:
At least two guarantors, either individuals
(aged 18–65) or sole proprietors, who do
not have any overdue obligations.
At least one guarantor must be an
owner of immovable property or have
a registered salary.
For each guarantor, the total number of
overdue days in the past 12 months must
not exceed 30 days.
The Credit Committee may also require
additional forms of collateral.
Immovable property (building) and/or a vehicle*
(The mortgage agreement is notarized.)
Additional collateral may be required at
the discretion of the Credit Committee,
including agricultural machinery.
*** Vehicle requirements: at the time of
pledging, the vehicle’s manufacturing
year must not be older than:
5 years for Russian-made vehicles
10 years for vehicles made in other
countries
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.
None
A maximum of 70% of the assessed value of the collateral.
None
The collateral is subject to assessment by an independent valuation agency cooperating with the Organization and/or an employee of the Organization, depending on the loan amount.
The assessment by an employee of the Organization is carried out free of charge։
* The total balance of loans provided to the same borrower cannot exceed 260 million AMD, including:
The loan amount for the purpose of acquiring working capital cannot exceed 100 million AMD,
The loan amount for investment or mixed purposes cannot exceed 160 million AMD.
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/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.