General
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Energy loan
Further saving - Saving due to energy-efficient system
Starting as low as 8.5%
Low Commission fee - Starting as low as 0.5%
Business mortgage
EIAA
Credit line
The loan product is available in AMD and USD
Starting as low as 8.5%
Maximum 180 months
The loan product is available in AMD and USD
Starting as low as 8%
The loan product is available in AMD and USD
Up to AMD 250 000 or USD 500 000
Low interest rate - Starting as low as 8.9%
Low Commission fee - Starting as low as 0.5%
Special offer
Loans within the scope of ID-EIB-III project
Receive affordable loans for the purpose of agriculture, agricultural processing, export promotion and industry and tourism development. The loans are provided within the ID-EIB-III project and include a number of spheres.
Loan purpose
Implementation of such projects, which use renewable energy sources, as well as acquisition of energy-efficient equipment, machinery and other basic and working capital, construction of infrastructure.
Client
RA resident micro, small and medium enterprises or individual farmers involved in agricultural activity which comply with the definition “Small and medium enterprises” according to the RA law in “State assistance to small and medium enterprises” and operate in the RA.
Currency
AMD
Minimum amount
5,000,000
Maximum amount
500,000,000
Minimum term
12 months
Maximum term
60 months
Nominal annual interest rate
starting from 8.5%
Actual annual interest rate
starting from 8.89%
Loan application revision fee
Not specified
Commission for loan extension
0.5- 1% of the loan amount but not less than 50,000 AMD
Monthly loan service fee
Not specified
Loan repayment gross period
The gross period for loan repayment, depending on the peculiarities of the business, can be granted throughout the whole period of the loan, yet cannot exceed 36 months in total in case of acquisition of fixed assets,
and 12 months in case of acquisition of working capital and other cases
and 12 months in case of acquisition of working capital and other cases
Loan and interest payments
1. Annuity - equal monthly payments of the sum of loan amount and interest amount,
2. Decreasing - equal loan amount payments, monthly interest payments,
3. Mixed - loan amount payments depending on the financial flows of the client, monthly interest payments
2. Decreasing - equal loan amount payments, monthly interest payments,
3. Mixed - loan amount payments depending on the financial flows of the client, monthly interest payments
Minimum business activity period (continuous)
6 months
Opening/maintenance of a bank account
According to the tariffs applied in the Bank which are presented at the following link: Information bulletin on tariffs
Loan amount extension method
Non-cash, through transfer to the bank account: withdrawal of loan amount in cash from the bank account shall be made according to the tariffs. The usage of the loan amount or part of in in cash can be limited by the decision of the competent body of the Bank (transfers from one account of the client to another account with the Bank or other banks can also be considered as usage of cash)
Age limit for the borrower/guarantor
The age of PEs, physical entities must not exceed 70 years by the end of loan maturity
Credit history requirements for the borrower (including participants in statutory capital with 10% and over)/guarantor
1. Absence of overdue/classified liabilities as of the date of receiving the loan,
2. Good or neutral/acceptable for the Bank/ credit history according to internal legal acts of the Bank,
3. According to the decision of the competent body of the Bank the latter may define requirements towards credit histories of other participants, other entities closely related with the borrower
2. Good or neutral/acceptable for the Bank/ credit history according to internal legal acts of the Bank,
3. According to the decision of the competent body of the Bank the latter may define requirements towards credit histories of other participants, other entities closely related with the borrower
Acceptable means of security/pledge
• Real estate property,
• Fixed assets /equipment, technical means, other property/,
• Means of transportation,
• Goods in circulation,
• Receivable right,
• Financial flows,
• Guarantees, warranties,
• Monetary funds,
• Precious metals (goods),
• Shares,
• Securities,
• Pledge of rights,
• Other property or property right not forbidden by RA legislation.
Loan/pledge (estimated liquid value of pledge) ratio
Maximum 50-100% according to the decision of the competent body of the Bank depending on the type of pledge (in case of loans secured by property pledge). According to the decision of the competent body of the Bank the loan can also be extended without the security of property pledge or with security of property pledge and other security (guarantee, financial flows, property right etc.) at the same time
Insurance of subject of pledge
According to the decision of the competent body of the Bank the latter may require insurance of the subject of pledge out of the loan balance or the estimated market/liquid value of the property
Fines, penalties
Overdue loan penalty in the amount of 0.1% a day. Overdue interest penalty in the amount of 0.1% a day. No penalty is defined for premature loan repayment in case of loan extended in the amount of up to 5 million AMD, a penalty in the amount of 3% of the prematurely repaid amount can be charged in the rest of the cases
Place of acceptance and registration of the loan application
Branches, Head office of the Bank
Conclusion of a chief loan agreement
At the request of the client, a chief loan agreement can be concluded with the latter for up to 240 months term
Positive factors for extension
1) Good credit history,
2) Sufficient financial state,
3) Compliance of the subject of pledge with the Bank requirements,
4) Good reputation,
5) Other factors
2) Sufficient financial state,
3) Compliance of the subject of pledge with the Bank requirements,
4) Good reputation,
5) Other factors
Positive factors for extension
1) Good credit history,
2) Sufficient financial state,
3) Compliance of the subject of pledge with the Bank requirements,
4) Good reputation,
5) Other factors
2) Sufficient financial state,
3) Compliance of the subject of pledge with the Bank requirements,
4) Good reputation,
5) Other factors
Rejection factors
1) Bad credit history,
2) Insufficient financial state 3) Incompliance of the subject of pledge with the Bank requirements,
4) Provision of false or unreliable information,
5) Provision of such information which calls into question the repayment of the loan,
6) Other factors
2) Insufficient financial state 3) Incompliance of the subject of pledge with the Bank requirements,
4) Provision of false or unreliable information,
5) Provision of such information which calls into question the repayment of the loan,
6) Other factors
Maximum decision-making period
Up to 15 business days after submission of a full package of documents required by the Bank
Term for notifying the client on decision
1 business day
Validity period of decision
30 business days
Decision reaffirmation period
Maximum once within 10 business days after expiration of the decision validity period, on the terms applied as of the date of reaffirmation
Loan extension period
Maximum 3 business days after complete submission of all the required documents and registration of the right of pledge after the decision on the loan has been made,
unless the client wishes to receive the loan later with maintenance of the term mentioned in paragraph 30
unless the client wishes to receive the loan later with maintenance of the term mentioned in paragraph 30
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.
Energy-loan.pdf Under the program, loans are provided for a minimum period of 12 and a maximum period of 60 months.
The objectives of the loan under the program may be the acquisition of energy efficient equipment, machinery, other fixed and working assets, the construction of infrastructure, and implementation of such projects that use renewable energy sources.
You can find out the details on the Bank’s website, and in case of questions you need to visit any branch of the Bank or call the Bank's call center at (+37410) 593333, (+37460) 273333.
Within the framework of the program, the loans are provided in AMD.
Within the framework of the program, the minimum term of continuous business activity is 6 months.
Negative factors of loan refusal are bad credit history, insufficient financial condition, non-compliance of the collateral with the requirements of the Bank, provision of false or unreliable information, provision of such information that causes doubt on the repayment of the loan, and other factors.
Positive factors affecting decision to provide a loan are a good credit history, sufficient financial condition, compliance of the collateral with the requirements of the Bank, good reputation and other factors.
The minimum loan amount under the program is 5,000,000 (five million) AMD, and the maximum is 500,000,000 (five hundred million) AMD. By the decision of the competent body of the bank, an amount lower than the mentioned minimum amount, but not less than 1,000,000 (one million) AMD may be provided; at the same time, in exceptional cases, more than the mentioned maximum amount, not exceeding 1 billion AMD may be provided according to the conditions.
There is no loan application processing and monthly service fee, and upfront fee is 0.5-1% of the loan amount, but not less than 50,000 (fifty thousand) AMD.
Annual nominal interest rate of the loan, starting from 8.5%.
Within the framework of the program, the clients are RA resident micro, small and medium enterprises or individual villagers engaged in agricultural activities, which meet the requirements of the definition of “SME entities” defined by the RA Law on State Support of Small and Medium Enterprises and operate within the RA.
Apply now
Interest rate starting at 8.5%
Loan amount till 500,000,000 ֏
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