Business Loan

customer (activity)

Entrepreneur, Registered as Private or Legal Entrepreneur
(At least 6-month registration and activity)
(Including high value agriculture)

 

Purchase 

Purchase of working and fixed capitals and/or capital reconstruction and/or other repayment

 

currency

AMD 

 

Term

minimum 12- maximum 48 month

 

Interest rate

 20%                                                                                                                                                    

Attention this loan nominal interest rate can be modified by the company. *

 

Disbursemnet fee
(calculated before the loan disbursement, due to the scale from the loan term)*

min 3.5%, max 5.5% not more than 250 000 AMD  

interest payments

monthly  

 

Capital Amount Repayments

1.Monthly annuity payments

2.Individual Repayment Schedule Depending on the customer's specifications

 

Grace period

up to 6 months 

 

minimal amount

500 000 AMD 

 

maximal amount

7 000 000 AMD 

 

Security of Loan Recovery 6*

1. 3 guarantors  (Moreover, 1 guarantee is family member, father, mother, wife, child). One of guarantors must be the same family member.In case of necessity, it may be required as a variety of additional security, movable property, plus guarantees. In case 2.000.001 - 7.000.000 AMD  pledge or 2 guarantors (And in all cases one  guarantor will be a  member of family of entrepreneur).

 
Penalty and fine of overdue amount 0.13% of overdue amont for every calendar day  
Penalty and fine of overdue interest

 0.13% of overdue interest for every calendar day

 
Loan provision method non-cash  

 

 

 

info
In case of any inconsistencies between the published Armenian and English information, the Armenian version prevails. Updated: 19.08.2019 17:56