General
Advantages
Loan type
Loan
Loan purpose
Expansion and development of entrepreneurial activities
Client
Legal entity resident of the Republic of Armenia (LLC)
Currency
AMD
Minimum amount
100,000
Maximum amount
10,000,000
Annual nominal interest rate /Interest rate type – floating interest rate/
IBRR + starting 5,7%
Annual effective interest rate /Interest rate type – floating interest rate/
16.07%
Minimum/maximum loan term
60 months
Loan application review fee
Not specified
Loan origination fee
Not specified
Monthly loan servicing fee
Not specified
Grace period
Not specified
Loan and interest repayment method
Annuity - monthly equal payments of the principal amount of the loan and interest
Minimum period of business activity (continuous)
6 months
Bank account opening and maintenance fee (in case of providing a loan)
The bank account is opened free of charge and is serviced in accordance with the Bank's current rates, which are available at the link
Method of issuing and using the loan amount
The loan amount is provided non-cash, via transfer to bank account Bank.
The loan amount is cashed out from the bank account in accordance with the Bank's current rates, as specified at the following link Information bulletin on rates
The loan amount is cashed out from the bank account in accordance with the Bank's current rates, as specified at the following link Information bulletin on rates
Security
Guarantee of a legal entity participant, provided that the guarantor, who is a natural person, is at least 21 years of age on the date of the loan issuance and is not older than 65 years of age on the date of the loan maturity.
Requirements for the borrower's/guarantor's credit history
Credit history acceptable to the Bank
Loan-to-value ratio (estimated liquidation value of collateral)
No collateral required
Insurance of collateral
No collateral required
Fines, penalties
Penalty for overdue loan - 0.1% per day
Penalty for overdue interest - 0.1% per day.
Penalty for early repayment of the loan amount: not specified
Penalty for overdue interest - 0.1% per day.
Penalty for early repayment of the loan amount: not specified
Where to apply and get a loan
All branches of the Bank
Positive factors for getting a loan
1)positive credit history,
2) steady cash flow,
3) good reputation,
4) other factors
2) steady cash flow,
3) good reputation,
4) other factors
Loan rejection factors
1) Poor credit history,
2) Insufficient financial resources,
3) Provision of false or inaccurate information,
4)Provision of information that casts doubt on the loan's repayability
5) Other factors
2) Insufficient financial resources,
3) Provision of false or inaccurate information,
4)Provision of information that casts doubt on the loan's repayability
5) Other factors
Maximum decision-making period
5-10 minutes
Decision notification period
Immediately after the decision to issue a loan is made
Decision validity period
10 calendar days
The Bank has the right to refuse to grant a loan if the conditions considered necessary for a positive decision on granting a loan have changed (e.g., overdue obligations, seizure/freezing of bank accounts, etc.).
The Bank has the right to refuse to grant a loan if the conditions considered necessary for a positive decision on granting a loan have changed (e.g., overdue obligations, seizure/freezing of bank accounts, etc.).
Decision reapproval period
No right to reapproval (after the decision expires, a new application must be submitted)
Term for granting the loan
Maximum 10 calendar days after the decision to grant the loan is made
Required documents
The following documents of the head of the executive body/guarantor are required:
1)Identity document
2)Public service number (or certificate of absence of public service number),
Extract from the State Register of Legal Entities of the Ministry of Justice of the Republic of Armenia on registration (copy),
Other documents, if necessary
1)Identity document
2)Public service number (or certificate of absence of public service number),
Extract from the State Register of Legal Entities of the Ministry of Justice of the Republic of Armenia on registration (copy),
Other documents, if necessary
Information regarding credit history and credit score
You can learn about the importance of credit history and credit score here․
Details via abcfinance.am and acra.am links.
Details via abcfinance.am and acra.am links.
Information bulletin Apply now
The loan is provided without any commissions
The loan approval takes minutes to complete
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