JERM OJAKH ENERGY EFFICIENT LOANS
Enters into force on 01․01․2023
*Translated documents with the terms and conditions will be available soon.
13%
Annual nominal interest rate
3,000,000 ֏
Maximum loan amount
120 months
Maximum term of loan repayment
Doesn't apply
Early loan repayment penalty
updated 09-08-2021, 09:00
|
Renovation of residential real estate aimed at increasing energy efficiency* |
|
|
Loan currency |
AMD |
|
Loan term |
60-120 months |
|
Grace period for repayment of the principal |
0-6 months |
|
Annual nominal interest rate of the loan
|
11% (fixed)
|
|
Annual percentage rate of the loan |
11.56% |
|
! For employees of "Fast Credit Capital" UCO CJSC and the organizations affiliated with it, including employees who are co-borrowers or guarantors, the rate is 1 percentage point lower than the annual nominal interest rate set for this type of loan. |
|
|
Loan amount |
AMD 300,001-3,000,000
|
|
Credit collateral |
· 300,001 - 1,500,000: 1 guarantor · 1,500,001 - 3,000,000: at least 2 guarantors (Additional collateral may be required if necessary) |
|
Renovated real estate place |
Throughout the Republic of Armenia, excluding the Kentron community of Yerevan |
|
Loan disbursement fee |
Not required |
|
Late loan principal fee |
0.1% daily |
|
Late interest fee |
0.13% daily |
|
Other fines |
In case of non-targeted use of the loan, a one-time fine in the amount of AMD 50,000 may be applied. |
|
Loan early repayment |
· The borrower has the right to make an early repayment of the loan: fully or partially · Early repayment penalty is not applied
|
|
Borrower |
RA citizen resident natural person aged 18-65 |
|
Repayment method |
· During the grace period, only monthly interest payments · After the end of the grace period, annuity (monthly equal payment of the principal amount) |
|
*Households should direct more than 40% of their renovation investments to the purchase of energy-efficient materials / supplies, including up to 20% of the loan amount, to the purchase of energy-saving household appliances. |
|
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1. Loan interest is calculated on the active (non-overdue) balance of the loan, based on the calculation of 365 days a year. 2. The list of required documents, as well as the list of insurance companies and independent assessors cooperating with the Organization are defined in separate Annexes. 3. The loan is provided in cash, non-cash, lump sum or in installments / tranches. 4. The loan is provided at the Head Office of the Organization, "Shrjanayin", "Avan", "Davtashen", "Komitas", "Erebuni", "Harav-Arevmtyan", "Armavir", "Artashat", "Masis", "Goris", "Gyumri", " Vanadzor "," Abovyan "," Hrazdan "," Echmiadzin "," Martuni "," Ijevan " , " Artik "branches. 5. The factors for making a positive loan decision are the following: § Compliance of the Borrower, Pledge and Guarantor (if any) with the requirements set forth in this document § The borrower shall have no overdue liabilities as of the application submission date and shall be classified as "Standard" § The sum of overdue liabilities during the 12 months preceding the time of application shall not exceed 30 days. § At least one of the guarantors involved must be a real estate owner or have a registered salary. 6. The factors for loan rejection are the following: ü Non-compliance of the Borrower and/or the Guarantor (if any) with the requirements set forth in this document 7. Making a decision on the loan application after submitting the required documents, informing the borrower within 5 working days. 8. Provision of loan within up to 2 working days after submitting all required documents. 9. As a rule, any amount deposited for the purpose of loan repayment is directed by the Organization to the repayment of the amounts to be paid to the Organization by the Customer by virtue of loan agreement at the time of depositing, including penalties, service fees, interest, Loan amount repayment. The organization has the right to define a different order of amounts to be paid in the contract with the Customer. 10. In case of early repayment of the loan by the Customer, the loan interest amounts and the service fees, if any, are proportionally reduced if the latter is accrued on a daily basis, while the payments made to third parties are not subject to reduction. 11. Tariffs for non-financial services, including terms of provision of statements, copies of contracts and other information are published on the official website of the Organization: www.fastcredit.am, as well as posted in the places of business of the Organization. 12. WARNING: IF THE INTEREST AMOUNTS, LOAN AMOUNT, SERVICE FEES ARE NOT PAID IN TIME THE PLEDGED PROPERTY CAN BE CONFISCATED BY THE PROCEDURE ESTABLISHED BY LAW. 13. ATTENTION: IN CASE OF NOT FULFILLMENT OR INCOMPLETE FULFILLMENT OF THE OBLIGATIONS BY YOU, THE ORGANIZATION SENDS THOSE DATA TO THE CREDIT BUREAUWITHIN 3 WORKING DAYS WHERE YOUR CREDIT HISTORY IS FORMED. YOU HAVE THE RIGHT TO GET YOUR CREDIT HISTORY FROM THE CREDIT BUREAU FREE OF CHARGE ONCE EVERY YEAR. ATTENTION: BAD CREDIT HISTORY MAY HINDER RECEIVING A LOAN IN THE FUTURE. 14. ATTENTION: LOAN INTEREST AMOUNTS ARE CALCULATED BASED ON THE NOMINAL INTEREST RATE, WHILE THE ACTUAL ANNUAL INTEREST RATE SHOWS HOW MUCH THE LOAN, INTEREST AMOUNT AND OTHER PAYMENTS WILL COST IN CASE OF PAYING IN THE ESTABLISHED TIME AND AMOUNT. ACTUAL ANNUAL INTEREST RATE CALCULATION PROCEDURE IS POSTED ON THE OFFICIAL WEBSITE OF THE ORGANIZATION (www.fastcredit.am). 15. ATTENTION: YOU HAVE THE RIGHT TO COMMUNICATE WITH THE FINANCIAL ORGANIZATION IN THE MANNER PREFERRED BY YOU BY MAIL OR ELECTRONICALLY. GETTING INFORMATION ELECTRONICALLY IS THE MOST CONVENIENT. IT IS AVAILABLE 24/7, IS FREE OF RISK OF LOSS OF PAPER INFORMATION AND ENSURES PRIVACY. 16. ATTENTION: YOUR "FINANCIAL DIRECOTRY" IS AN ELECTRONIC SYSTEM THAT MAKES IT EASIER FOR YOU TO SEARCH AND COMPARE SERVICES PROVIDED TO NATURAL PERSONS AND CHOOSE THE MOST EFFECTIVE OPTION FOR YOU. |
SOLARA ENERGY EFFICIENT LOANS
11%
Annual nominal interest rate
100,000,000 ֏
Maximum loan amount
120 months
Maximum term of loan repayment
Doesn't apply
Early loan repayment penalty
Enters into force on 15․11․2022
*Translated documents with the terms and conditions will be available soon.
Updated on 11-11-2021
|
Acquisition of energy efficient systems and equipment |
|
|
Loan currency |
AMD |
|
Loan term |
1-120 months |
|
Borrower |
|
|
Grace period for repayment of the principal |
0-6 months |
|
Grace period for interest rate |
0-3 months |
|
Annual nominal interest rate of the loan |
11% (fixed) |
|
Annual percentage rate of the loan |
11․54% - 11.74% |
|
Loan amount |
AMD 300,001-100,000,000 |
|
Loan disbursement fee |
Not required |
|
Loan early repayment |
· The borrower has the right to make an early repayment of the loan: fully or partially · Early repayment penalty is not applied |
|
Repayment method |
· During the grace period, only monthly interest payments · After the end of the grace period, annuity (monthly equal payment of the principal amount) |
|
Introduction 1. Loan interest is calculated on the active (non-overdue) balance of the loan, based on the calculation of 365 days a year. 2. The list of required documents, as well as the list of insurance companies and independent assessors cooperating with the Organization are defined in separate Annexes. 3. The loan is provided in cash, non-cash, lump sum or in installments / tranches. 4. The loan is provided at the Head Office of the Organization. 5. Collateral: Borrowing provided by "Solara" LLC - and other collateral. 6. Loan to collateral value maximum ratio ≤ 95% 7. The factors for making a positive loan decision are the following: § Compliance Pledge with the requirements set forth in this document 8. The factors for loan rejection are the following: § Non-compliance of Pledge with the requirements set forth in this document 9. Making a decision on the loan application after submitting the required documents, informing the borrower within 1 working days. 10. Provision of loan within up to 4 working days after submitting all required documents. 11. As a rule, any amount deposited for the purpose of loan repayment is directed by the Organization to the repayment of the amounts to be paid to the Organization by the Customer by virtue of loan agreement at the time of depositing, including penalties, service fees, interest, Loan amount repayment. The organization has the right to define a different order of amounts to be paid in the contract with the Customer. 12. In case of early repayment of the loan by the Customer, the loan interest amounts and the service fees, if any, are proportionally reduced if the latter is accrued on a daily basis, while the payments made to third parties are not subject to reduction. 13. Tariffs for non-financial services, including terms of provision of statements, copies of contracts and other information are published on the official website of the Organization: www.fastcredit.am, as well as posted in the places of business of the Organization. 14. WARNING: IF THE INTEREST AMOUNTS, LOAN AMOUNT, SERVICE FEES ARE NOT PAID IN TIME THE PLEDGED PROPERTY CAN BE CONFISCATED BY THE PROCEDURE ESTABLISHED BY LAW. 15. ATTENTION: IN CASE OF NOT FULFILLMENT OR INCOMPLETE FULFILLMENT OF THE OBLIGATIONS BY YOU, THE ORGANIZATION SENDS THOSE DATA TO THE CREDIT BUREAUWITHIN 3 WORKING DAYS WHERE YOUR CREDIT HISTORY IS FORMED. YOU HAVE THE RIGHT TO GET YOUR CREDIT HISTORY FROM THE CREDIT BUREAU FREE OF CHARGE ONCE EVERY YEAR. ATTENTION: BAD CREDIT HISTORY MAY HINDER RECEIVING A LOAN IN THE FUTURE. 16. ATTENTION: LOAN INTEREST AMOUNTS ARE CALCULATED BASED ON THE NOMINAL INTEREST RATE, WHILE THE ACTUAL ANNUAL INTEREST RATE SHOWS HOW MUCH THE LOAN, INTEREST AMOUNT AND OTHER PAYMENTS WILL COST IN CASE OF PAYING IN THE ESTABLISHED TIME AND AMOUNT. ACTUAL ANNUAL INTEREST RATE CALCULATION PROCEDURE IS POSTED ON THE OFFICIAL WEBSITE OF THE ORGANIZATION (www.fastcredit.am). 17. ATTENTION: YOU HAVE THE RIGHT TO COMMUNICATE WITH THE FINANCIAL ORGANIZATION IN THE MANNER PREFERRED BY YOU BY MAIL OR ELECTRONICALLY. GETTING INFORMATION ELECTRONICALLY IS THE MOST CONVENIENT. IT IS AVAILABLE 24/7, IS FREE OF RISK OF LOSS OF PAPER INFORMATION AND ENSURES PRIVACY. 18. ATTENTION: YOUR "FINANCIAL DIRECOTRY" IS AN ELECTRONIC SYSTEM THAT MAKES IT EASIER FOR YOU TO SEARCH AND COMPARE SERVICES PROVIDED TO NATURAL PERSONS AND CHOOSE THE MOST EFFECTIVE OPTION FOR YOU. |
R2E2 ENERGY EFFICIENT LOANS
8%
Annual nominal interest rate
4,000,000֏
Maximum loan amount
96 months
Maximum term of loan repayment
Doesn't apply
Early loan repayment penalty
Enters into force on 15․11․2022
*Translated documents with the terms and conditions will be available soon.
Updated on 19-08-2022
|
Procurement of photovoltaic systems with solar water heaters up to 10 kW |
|
|
Loan currency |
AMD |
|
Loan term |
1-96 months |
|
Borrower |
RA citizen resident natural person aged 18-65 |
|
Grace period for repayment of the principal |
3 months |
|
Annual nominal interest rate of the loan |
Non-gasified and border communities of RA։ 8%
Other communities: 10% |
|
Annual percentage rate of the loan |
Non-gasified and border communities of RA։ 8.14%-8.29%
Other communities: 10.26%-10.47% |
|
Loan amount |
AMD 3,000,000-4,000,000 |
|
Pledged asset |
· 300,000-1,000,000 AMD - at least 1 Guarantee · 1,000,001-2,000,000 AMD- at least 2 Guarantee · 2,000,001-3,000,000 AMD- at least 3 Guarantee · 3,000,001-4,000,000 AMD- Real estate collateral and / or guarantee
Additional collateral may be required if necessary |
|
Loan disbursement fee / lump sum/ |
Not required |
|
Late loan principal fee |
0.1% daily |
|
Late interest fee |
0.13% daily |
|
Loan early repayment |
· The borrower has the right to make an early repayment of the loan: fully or partially · Early repayment penalty is not applied |
|
Repayment method |
Annuity /equated monthly installments to pay off the principal and interest/ |
|
Location of the property |
In the territory of RA |
|
Introduction 1. Loan interest is calculated on the active (non-overdue) balance of the loan, based on the calculation of 365 days a year. 2. The list of required documents, as well as the list of insurance companies and independent assessors cooperating with the Organization are defined in separate Annexes. 3. The loan is provided in cash, non-cash, lump sum or in installments / tranches. 4. Non-gasified border communities of the Republic of Armenia are defined by a separate list․ 5. The loan is provided at the Head Office of the Organization, "Shrjanayin", "Avan", "Davtashen", "Komitas", "Erebuni", "Harav-Arevmtyan", "Armavir", "Artashat", "Masis", "Goris", "Gyumri", " Vanadzor "," Abovyan "," Hrazdan "," Echmiadzin "," Martuni "," Ijevan " , " Artik "branches. 6. The factors for making a positive loan decision are the following: § Compliance of the Borrower, Pledge and Guarantor (if any) with the requirements set forth in this document § The borrower shall have no overdue liabilities as of the application submission date and shall be classified as "Standard" § The sum of overdue liabilities during the 12 months preceding the time of application shall not exceed 60 days. § At least one of the guarantors involved must be a real estate owner or have a registered salary. 7. The factors for loan rejection are the following: § Non-compliance of Pledge with the requirements set forth in this document 8. Making a decision on the loan application after submitting the required documents, informing the borrower within5 working days. 9. Provision of loan within up to 2 working days after submitting all required documents. 10. As a rule, any amount deposited for the purpose of loan repayment is directed by the Organization to the repayment of the amounts to be paid to the Organization by the Customer by virtue of loan agreement at the time of depositing, including penalties, service fees, interest, Loan amount repayment. The organization has the right to define a different order of amounts to be paid in the contract with the Customer. 11. In case of early repayment of the loan by the Customer, the loan interest amounts and the service fees, if any, are proportionally reduced if the latter is accrued on a daily basis, while the payments made to third parties are not subject to reduction. 12. Tariffs for non-financial services, including terms of provision of statements, copies of contracts and other information are published on the official website of the Organization: www.fastcredit.am, as well as posted in the places of business of the Organization. 13. WARNING: IF THE INTEREST AMOUNTS, LOAN AMOUNT, SERVICE FEES ARE NOT PAID IN TIME THE PLEDGED PROPERTY CAN BE CONFISCATED BY THE PROCEDURE ESTABLISHED BY LAW. 14. ATTENTION: IN CASE OF NOT FULFILLMENT OR INCOMPLETE FULFILLMENT OF THE OBLIGATIONS BY YOU, THE ORGANIZATION SENDS THOSE DATA TO THE CREDIT BUREAUWITHIN 3 WORKING DAYS WHERE YOUR CREDIT HISTORY IS FORMED. YOU HAVE THE RIGHT TO GET YOUR CREDIT HISTORY FROM THE CREDIT BUREAU FREE OF CHARGE ONCE EVERY YEAR. ATTENTION: BAD CREDIT HISTORY MAY HINDER RECEIVING A LOAN IN THE FUTURE. 15. ATTENTION: LOAN INTEREST AMOUNTS ARE CALCULATED BASED ON THE NOMINAL INTEREST RATE, WHILE THE ACTUAL ANNUAL INTEREST RATE SHOWS HOW MUCH THE LOAN, INTEREST AMOUNT AND OTHER PAYMENTS WILL COST IN CASE OF PAYING IN THE ESTABLISHED TIME AND AMOUNT. ACTUAL ANNUAL INTEREST RATE CALCULATION PROCEDURE IS POSTED ON THE OFFICIAL WEBSITE OF THE ORGANIZATION (www.fastcredit.am). 16. ATTENTION: YOU HAVE THE RIGHT TO COMMUNICATE WITH THE FINANCIAL ORGANIZATION IN THE MANNER PREFERRED BY YOU BY MAIL OR ELECTRONICALLY. GETTING INFORMATION ELECTRONICALLY IS THE MOST CONVENIENT. IT IS AVAILABLE 24/7, IS FREE OF RISK OF LOSS OF PAPER INFORMATION AND ENSURES PRIVACY. 17. ATTENTION: YOUR "FINANCIAL DIRECOTRY" IS AN ELECTRONIC SYSTEM THAT MAKES IT EASIER FOR YOU TO SEARCH AND COMPARE SERVICES PROVIDED TO NATURAL PERSONS AND CHOOSE THE MOST EFFECTIVE OPTION FOR YOU. |
R2E2 ENERGY EFFICIENT LOANS
12,5%
անվանական տոկոսադրույք
10,000,000Դ
առավելագույն գումար
84ամիս
առավելագույն ժամկետ
Չի կիրառվում
վաղաժամկետ մարման տույժ
Enters into force on 15․11․2022
*Translated documents with the terms and conditions will be available soon.
Updated on 19-08-2022
|
Procurement of photovoltaic systems with solar water heaters up to 10 kW |
|
|
Loan currency |
AMD |
|
Loan term |
1-96 months |
|
Borrower |
RA citizen resident natural person aged 18-65 |
|
Grace period for repayment of the principal |
3 months |
|
Annual nominal interest rate of the loan |
Non-gasified and border communities of RA։ 8%
Other communities: 10% |
|
Annual percentage rate of the loan |
Non-gasified and border communities of RA։ 8.14%-8.29%
Other communities: 10.26%-10.47% |
|
Loan amount |
AMD 3,000,000-4,000,000 |
|
Pledged asset |
· 300,000-1,000,000 AMD - at least 1 Guarantee · 1,000,001-2,000,000 AMD- at least 2 Guarantee · 2,000,001-3,000,000 AMD- at least 3 Guarantee · 3,000,001-4,000,000 AMD- Real estate collateral and / or guarantee
Additional collateral may be required if necessary |
|
Loan disbursement fee / lump sum/ |
Not required |
|
Late loan principal fee |
0.1% daily |
|
Late interest fee |
0.13% daily |
|
Loan early repayment |
· The borrower has the right to make an early repayment of the loan: fully or partially · Early repayment penalty is not applied |
|
Repayment method |
Annuity /equated monthly installments to pay off the principal and interest/ |
|
Location of the property |
In the territory of RA |
|
Introduction 1. Loan interest is calculated on the active (non-overdue) balance of the loan, based on the calculation of 365 days a year. 2. The list of required documents, as well as the list of insurance companies and independent assessors cooperating with the Organization are defined in separate Annexes. 3. The loan is provided in cash, non-cash, lump sum or in installments / tranches. 4. Non-gasified border communities of the Republic of Armenia are defined by a separate list․ 5. The loan is provided at the Head Office of the Organization, "Shrjanayin", "Avan", "Davtashen", "Komitas", "Erebuni", "Harav-Arevmtyan", "Armavir", "Artashat", "Masis", "Goris", "Gyumri", " Vanadzor "," Abovyan "," Hrazdan "," Echmiadzin "," Martuni "," Ijevan " , " Artik "branches. 6. The factors for making a positive loan decision are the following: § Compliance of the Borrower, Pledge and Guarantor (if any) with the requirements set forth in this document § The borrower shall have no overdue liabilities as of the application submission date and shall be classified as "Standard" § The sum of overdue liabilities during the 12 months preceding the time of application shall not exceed 60 days. § At least one of the guarantors involved must be a real estate owner or have a registered salary. 7. The factors for loan rejection are the following: § Non-compliance of Pledge with the requirements set forth in this document 8. Making a decision on the loan application after submitting the required documents, informing the borrower within5 working days. 9. Provision of loan within up to 2 working days after submitting all required documents. 10. As a rule, any amount deposited for the purpose of loan repayment is directed by the Organization to the repayment of the amounts to be paid to the Organization by the Customer by virtue of loan agreement at the time of depositing, including penalties, service fees, interest, Loan amount repayment. The organization has the right to define a different order of amounts to be paid in the contract with the Customer. 11. In case of early repayment of the loan by the Customer, the loan interest amounts and the service fees, if any, are proportionally reduced if the latter is accrued on a daily basis, while the payments made to third parties are not subject to reduction. 12. Tariffs for non-financial services, including terms of provision of statements, copies of contracts and other information are published on the official website of the Organization: www.fastcredit.am, as well as posted in the places of business of the Organization. 13. WARNING: IF THE INTEREST AMOUNTS, LOAN AMOUNT, SERVICE FEES ARE NOT PAID IN TIME THE PLEDGED PROPERTY CAN BE CONFISCATED BY THE PROCEDURE ESTABLISHED BY LAW. 14. ATTENTION: IN CASE OF NOT FULFILLMENT OR INCOMPLETE FULFILLMENT OF THE OBLIGATIONS BY YOU, THE ORGANIZATION SENDS THOSE DATA TO THE CREDIT BUREAUWITHIN 3 WORKING DAYS WHERE YOUR CREDIT HISTORY IS FORMED. YOU HAVE THE RIGHT TO GET YOUR CREDIT HISTORY FROM THE CREDIT BUREAU FREE OF CHARGE ONCE EVERY YEAR. ATTENTION: BAD CREDIT HISTORY MAY HINDER RECEIVING A LOAN IN THE FUTURE. 15. ATTENTION: LOAN INTEREST AMOUNTS ARE CALCULATED BASED ON THE NOMINAL INTEREST RATE, WHILE THE ACTUAL ANNUAL INTEREST RATE SHOWS HOW MUCH THE LOAN, INTEREST AMOUNT AND OTHER PAYMENTS WILL COST IN CASE OF PAYING IN THE ESTABLISHED TIME AND AMOUNT. ACTUAL ANNUAL INTEREST RATE CALCULATION PROCEDURE IS POSTED ON THE OFFICIAL WEBSITE OF THE ORGANIZATION (www.fastcredit.am). 16. ATTENTION: YOU HAVE THE RIGHT TO COMMUNICATE WITH THE FINANCIAL ORGANIZATION IN THE MANNER PREFERRED BY YOU BY MAIL OR ELECTRONICALLY. GETTING INFORMATION ELECTRONICALLY IS THE MOST CONVENIENT. IT IS AVAILABLE 24/7, IS FREE OF RISK OF LOSS OF PAPER INFORMATION AND ENSURES PRIVACY. 17. ATTENTION: YOUR "FINANCIAL DIRECOTRY" IS AN ELECTRONIC SYSTEM THAT MAKES IT EASIER FOR YOU TO SEARCH AND COMPARE SERVICES PROVIDED TO NATURAL PERSONS AND CHOOSE THE MOST EFFECTIVE OPTION FOR YOU. |
Վարկային հաշվիչ
Ամսական վճարի չափ
0.00 AMD
updated on 01/01/2023, 00։00