Terms
tariffs
RA resident: Private Enterprise, Legal Entity
Business must be registered and operating for at least 6 months
Acquisition of working capital, Loan refinancing*, acquisition of fixed assets and development of other entrepreneurial activities
AMD
USD
2,000,000 - 10,000,000 AMD
5,000 - 25,000 USD
17 %
14%
Annual Effective Interest Rate
18.49–19.60%
15.04–16.05%
12-60 months
According to the RA Law "On Consumer Crediting", the annual effective interest rate is calculated for loans up to AMD 5,000,000 (including AMD 5,000,000) and (or) equivalent in foreign currency.
In case of a loan:
Annuity /equal monthly payment of principal and interest/
Differentiated /equal monthly payment of principal and interest/
Individual payment schedule depending on the specifics of the business
Repayment method according to the customer's choice and approval of the Bank.
INTERMEDIATE FEES, PENALTIES AND FINES
Loan Application Review Fee
One-time fee: AMD 10,000
0.1% daily
0.13% daily
Penalty for early repayment of the loan
5% of the amount repaid early
Applicable to loans with a contractual amount exceeding 5,000,000 or equivalent in foreign currency
COLLATERAL
Collateral
Guarantee of at least 1 individual (18-65 years old) or sole proprietorship who has no current overdue obligations
The guarantor’s total number of days with overdue obligations during the last one year must not exceed 30 days.
Guarantors must either own real estate or have a registered salary.
The Company’s participant(s)/ultimate beneficial owner(s) must act as guarantors if required by the authorized body.
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.