Terms
tariffs
Acquisition of working capital, Loan refinancing*, acquisition of fixed assets and development of other entrepreneurial activities
! The business must be registered and have been operating for at least 6 months
TEMP
AMD
USD
12-60 months
12-60 months
** 13.4% 17 %
14%
14.27-18․44 %
14.94-14.97 %
2,000,000 – 10,000,000 AMD
5,000-25,000 USD
None
0.1% daily
0.13% daily
The Borrower has the right to repay the loan in full or in part before the due date
No early repayment penalty is applied
Annuity (equal monthly payment of principal and interest)
Equal monthly payment of the differentiated/principal amount and interest/
Individual payment schedule
Repayment method: according to customer's choice
Guarantee of at least 1 individual (18-65 years old) or sole proprietorship who has no current overdue obligations
The total number of days of overdue obligations of the guarantor in the last year must not exceed 30 days.
The guarantor must be the owner of real estate or be a registered employee.
Sole proprietor and Legal person
* Refinancing of loans is NOT carried out within the framework of the SME Support Program of the German Armenian Fund.
** 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%.
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.