Fast Bank offers a business loan based on PoS terminal turnover.

Fast Bank offers individual entrepreneurs and legal entities a business loan or credit line based on turnover through POS terminals.

 

The x6 loan is provided in the amount of a maximum of six times the average monthly turnover through POS terminals (served by both Fast Bank and other banks in the Republic of Armenia) over the past 6 months.

 

The x6 loan can be obtained in two currencies: AMD and USD.

 

The loan amount in AMD can range from 500 thousand to 50 million AMD, and in USD from 1200 to 100 thousand USD.

 

The annual nominal interest rate of the loan in AMD is 13.5% (actual interest rate: 13.68% - 14.36%).

 

In case of obtaining a loan in USD, the annual nominal interest rate of the loan is 11% (actual interest rate: 11.03% - 11.56%).

 

The repayment period of the x6 loan is set from 12 to 60 months, and the grace period for repayment of the loan principal is up to 24 months.

 

To obtain a loan, you need to approach any Fast Bank branch operating 24/7, or apply online.

 

Fast Bank is a company aiming to become a digital bank, represented in Yerevan and all regions of Armenia.

 

Fast Bank is supervised by the Central Bank of Armenia.