X6 Loan Based on POS Terminal Turnover

RA resident: Private Enterprise, Legal Entity

! Business must be registered and operating for at least 6 months

Financing of current expenses, capital and mixed investments, repayment of creditor liabilities, refinancing of business loans

Loan/credit line provided based on turnover through POS terminal

1%

12-60 months

In addition, the term of a recoverable credit line cannot exceed 36 months, and in the case of a non-recoverable credit line, principal repayments are set at least from the 36th month.

0-6 months in the case of loans,

0-35 months in the case of credit lines

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

In case of a credit line:

• Monthly payment of interest, and the principal at the end of the term, or

• Individual payment schedule depending on the specifics of the business

• In case of a non-recoverable credit line, principal repayments are set at least from the 36th month.

Repayment method according to the customer's choice and approval of the Bank.

Credit history:

• No delinquency and/or total number of days of overdue obligations in the last 12 months should not exceed 15 days

• No current overdue obligations

• Age of the Borrower and/or Guarantor who is an individual entrepreneur: 18-65 years old. In the event that the age of all participants/founders/shareholders of the Borrower who is a legal entity exceeds 65 years old, then at least 1 guarantor is required in the age group of 18-65.

Not defined

0.1% daily

0.13% daily

5% of the early repaid amount.

Applicable for loans with a contractual amount exceeding 5,000,000 AMD or equivalent in foreign currency.

In case of reduction of the limit, 5% of the amount being reduced

In case of early termination of the contract, 5% of the current limit

Applicable to loans with a contractual amount exceeding 5,000,000 or equivalent in foreign currency

• Turnover of the customer's bank accounts serviced at "Fast Bank" CJSC (hereinafter referred to as «the Bank»),

• In the case of customers who are legal entities, a guarantee of the shareholder(s)/participant(s)/beneficial owner(s).

• In the case of customers who are individual entrepreneurs, a guarantee of the beneficial owner(s).

• Other security measures may be provided by the decision of the Credit Committee.

An individual (18-65 years old) who:

• has no current overdue liabilities;

• the total number of overdue days in the last year must not exceed 30 days.

In the case of guarantors who are natural persons, at least one of the guarantors must be the owner of real estate or be secured by a registered salary.

The maximum amount of the turnover realized through POS terminals provided by the Bank and/or other banks of the Republic of Armenia is six times the average monthly amount of the previous 12 months, excluding the current and previous months.

Moreover,

• The monthly repayment amount for servicing all of the Customer's existing loans (including the loan under consideration) must not exceed 30% of the average monthly amount of turnover realized in the last 12 months according to tax reports. Moreover, in the event that the Customer has been in business for less than 12 months, the average monthly turnover is calculated based on the months of actual activity.

• Moreover, the maximum amount of the loan cannot exceed three times the average monthly turnover realized in the last 12 months according to tax reports. Moreover, in the event that the Customer has been in business for less than 12 months, the average monthly turnover is calculated based on the months of actual activity.

• In the event that more than 50% of the turnover made through POS terminals in the last 6 months was carried out during the two months preceding the consideration of the application, the latter does not participate in the calculation of turnover.

A prerequisite for granting a loan is the installation and activation of the Bank's POS terminal at the customer's place of business.

After the loan is granted, the Borrower is obliged to ensure turnover in the amount of the loan balance every half year through the Bank's POS terminal. Moreover,

• the fulfillment of the condition is checked for the first time 6 months after the loan is granted, then every quarter based on the data of the previous 6 months,

• in case of failure to provide the condition, as well as in case the average monthly volume of chargebacks carried out through the POS terminal exceeds 5% of the turnover carried out through it, the Bank has the right to increase the loan interest rate by up to 3 percentage points or demand full or partial early repayment of the loan, and in the case of a credit line, also a full or partial reduction of the credit line limit.

Financial and economic analysis is not carried out, if necessary, a visit to the Borrower's place of business may be carried out

After submitting the required documents, a decision on the loan application is made within 2 business days.

After submitting the required documents, a decision on the loan application is made within 2 business days.

Up to 1 business day after the decision is made

Up to 3 business days after submitting all the required documents

30 business days

In addition, the Bank has the right to refuse to provide a loan if any of the conditions considered essential for making a positive decision on providing a loan have changed