Indicators

limits

Borrower (s)

RA citizen and RA resident physical (as well as private entrepreneur), RA resident legal entities

Age limitation

Borrower's age at the moment of applying minimum 20, maximum 70

Loan amount 

6,000 - 150,000 USD

3,000,000 - 70,000,000 AMD

Loan currency       

USD, AMD

Լoan repayment term     

 For capital investments:*

In case of USD – 36-72 months 

In case of AMD – 36-60 months

For replenishment of working capital:

 In case of USD –  36 months

In case of AMD –  36 months

Annual loan interest rate

For capital investments:*

In case of USD – from 12% up to 14%

In case of AMD – from 15% up to 17%

For replenishment of working capital:

In case of USD – from 13% up to 15%

In case of AMD – from 16% up to 18%

Annual factual interest rate

In case of USD – 12.68%-16.08%

In case of AMD – 16.08%-19.56%

Grace period (only interests are paid)

For capital investments:

In case of USD – up to  18 months,

In case of AMD – up to 12 months

For replenishment of working capital:

In case of USD – up to 3 months,

In case of AMD – up to 3 months

Disbursement fee         

1.5% lump sum from the loan amount

Minimum 45,000 AMD 

Maximum 400,000 AMD

Loan application review fee

7,000 AMD  in case of 10,000,000 AMD loans (equivalent currency)

15,000 AMD in case of 10,000,000 AMD and more loans (equivalent currency)

Payment mode

Conventional (percentages are calculated on the outstanding balance of the loan amount)

Lending territory              

RA territories 

• Annuity (equal monthly payments)

• Equal monthly payments on the loan amount 

• Other - customer cash flow matching

Applicable penalties

Overdue loan amount and overdue interest rates 0.12% per day (maximum 90 calendar days)

Loan Security

Real estate or moving property

Loan / Collateral value ratio

• In case of immovable property - up to 60% of market value

• In case of movable property and village equipments - up to 50% of market value

• In case of movable property - up to 40% of market value

Additional security

Guarantee for Legal entity and/or individual, pledge of moveable property and so on

Pledge Insurance

Is not mandatory

The borrower covers the insurance expenses according to the tariffs of insurance companies

Maximum length of decision-making

Within 10 days after presentation of all the required documents

Maximum length of  loan granting

Аfter the state registration and submission of the pledge right: 2 working days