Terms
tariffs
Raw materials can be sourced from China, India, Italy, Uzbekistan, South Korea, Bangladesh, Turkmenistan, Tajikistan, the Islamic Republic of Iran, and the member states of the EAEU
Loans for the development of the textile industry
AMD
USD
12-36 months
12-36 months
17․0%/ 14.0%
17․0%/ 14.0%
18.41 – 18.46% / 14.95 – 14.99%
18.41 – 18.46% / 14.95 – 14.99%
1,000,000 – 10,000,000 AMD
2,500 – 25,000 USD
1,000,000 – 10,000,000 AMD
2,500 – 25,000 USD
none
0.1% daily
0.13% daily
none
According to the customer’s choice
Collateral / Guarantee(s)
- Real estate,
- Guarantee(s):
• In the case of legal entity clients – personal guarantees of the business founders and beneficial owners,
• In the case of individual entrepreneurs – if the beneficial owner is a third party, a guarantee from the beneficial owner, - Movable property: if the real estate does not ensure the required loan-to-collateral ratio, movable property may be provided as additional collateral. In this case, when both real estate and movable property are pledged, the share of movable property in the total loan-to-collateral ratio may not exceed 20%.
Other forms of collateral may also be предусмотрed by the decision of the Credit Committee.
In the case of a pledge of a motor vehicle, the year of manufacture must not exceed:
- 5 years for vehicles manufactured in Russia,
- 10 years for vehicles manufactured in other countries.
Collateral / Guarantee(s)
- Real estate,
- Guarantee(s):
· In the case of legal entity clients – personal guarantees from the business founders and beneficial owners,
· In the case of individual entrepreneurs – if the beneficial owner is a third party, a guarantee from the beneficial owner, - Movable property: if the real estate does not ensure the required loan-to-collateral ratio, movable property may be accepted as additional collateral. In cases where both real estate and movable property are pledged, the share of movable property in the overall loan-to-collateral ratio may not exceed 20%.
Other forms of collateral may also be предусмотрed by the decision of the Credit Committee.
In the case of a pledge of a motor vehicle, the year of manufacture must not exceed:
- 5 years for vehicles manufactured in Russia,
- 10 years for vehicles manufactured in other countries.
Registered resident legal entity or individual entrepreneur in the Republic of Armenia
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.