EIAA

Purpose of the loan

Financing of purchase of goods and/or services (purchase of primary products, materials, packaging costs, shipment, customs costs) for the execution of export agreement

Borrower

RA resident legal entity or private entrepreneur that meets the criteria of Large and SME classification as internally established by the Bank, who deals with manufacture of products for export or provision of services.

Currency

AMD / USD

Minimum maturity

1 months

Maximum maturity

12 months

Loan amount

Minimum: 10,000,000 AMD / 20,000 USD.

Maximum: In the amount of insurance settled by the EIAA

Annual interest rate

AMD: From 11% / USD: From 8 %

Loan application processing fee

N/A

Upfront fee

For pre-export finance - according to the insurance terms of EIAA, depending on the terms of the loan

Grace period for the repayment of principal loan amount

shall be provided on the basis of the customer's terms of payment under supply agreement

Principal and interest repayment

Interest repayment is on monthly basis

Minimum business duration (uninterrupted)

12 months

Opening/maintenance of bank account

According to the tariffs

Loan withdrawing

The loan is provided in non -cash form (use of loan facilities in cash is not permitted unless otherwise is provided under the EIAA Policy)

Eligible age criteria for the borrower/guarantor

The age of persons with the status of private entrepreneur, physical persons should be less than 70 at the maturity date of the loan

Requirements to the credit history of the Borrower (including the parties holding 10% and more in the charter capital of the latter) and the guarantor

1. No past due /classified liabilities as of the date of receiving the loan

2. Good or neutral credit history acceptable by the Bank according to the internal legal acts of the Bank

3. Upon the decision of the Bank's competent authority the Bank may raise demands to the credit history of other participants and the persons closely related with the borrower

Acceptable means of security

1. Guarantees of the head of executive body of the Borrower and the shareholders (participants) with significant participation (holding 10% and more participation) (legal and physical persons affiliated with them),

2.Shares (stock) of the borrower or legal entity affiliated with the latter,

3. Other means of security provided by the Credit risk management policy

Security

As required by EIAA

Loan to collateral ratio

Shall be established by the Risk management Policy. Loan to collateral ratio shall be based on the appraised liquid value of the collateral.

Fine, penalty

L:ate principal payment penalty 0.1% daily.

L:ate interest payment penalty 0.1% daily.

No penalty is provided for early repayment

Where to apply

All branches of the Bank

Maximum term of making decision

15 business days after submitting all required documents to the Bank

Term of giving notice to the customer

1 business day

Validity term of decision

30 business days

Term of re-approval of the decision

Maximum once, within 10 business days after expiration of the validity period under the terms and conditions applicable as of the date of re-approval

Term for providing the loan

According to the procedure on execution of financial operations

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.