ID-EIB-III Project

ID-EIB-III Project

Get affordable loans for agriculture and tourism

Currency
֏
Interest rate
8% - 9.5%
Repayment term
Up to 90 months
Loan amount
5,000,001 ֏-500,000,000 ֏

General

General
Tariffs
Documents
FAQ
ID-EIB-III Project

Loans within the scope of ID-EIB-III project

Get affordable loans for agriculture, rural processing, export promotion, industry implementation, tourism development.
The loans are provided under the ID-EIB-III program ում cover a number of areas.

Advantages

Convenient repayment term
Maximum 90 months
High limit
Up to 500 000 000 ֏
Low interest rate
Starting as low as 8%

You may be interested in

Business mortgage
Obtain real estate property for your business under affordable conditions

Currency selection
The loan product is available in AMD and USD
Low interest rate
Starting as low as 8.5%
Convenient repayment term
Maximum 180 months

Compare products

ID-EIB-III Project
ID-EIB-III Project
Low interest rate - Starting as low as 8%
Maximum 90 months
Up to 500 000 000 ֏
Business mortgage
Large, Small and Medium, Micro loans
EIAA
The loan product is available in AMD and USD
Starting as low as 8.5%
Maximum 180 months
Convenient repayment term - Maximum 60 months
Starting as low as 7%
The loan product is available in AMD and USD
The loan product is available in AMD and USD
Starting as low as 8%
The loan product is available in AMD and USD

Special offer

Energy loan

Use the Energy loan for small to medium enterprises. Starting from an annual interest rate of 8.5%, this type of loan will help to save energy resources, to manage resources more profitably.

ID-EIB-III Project - Special offers
Loan purpose
acquisition/replenishment of tangible and/or intangible fixed assets, working capital for the purpose of agriculture, processing of agricultural products, tourism, export promotion, industry
Client
RA resident micro, small/medium and large enterprises (including Private Entrepreneurs) engaged in the spheres of agriculture, processing of agricultural products, tourism, export promotion and industry
Currency
AMD
Minimum loan term
24 months
Maximum loan term
90 months but not more than the technical and economic deadline of the funded project
Minimum loan amount
AMD 5,000,001
Maximum loan amount
AMD 500.000.000
Annual nominal interest rate
8-9.5%
Loan application revision fee
not defined
Loan disbursement commission
0-1% of loan amount
Maximum loan repayment grace period
30 months
Loan and interest repayment
1. annuity - equal monthly repayments of the principal amount and the interest amount of the loan,

2. decreasing - equal repayments of the principal amount of the loan, monthly repayments of interest amounts,

3. mixed - repayments of the principal amount of the loan depending on the dynamics of the client's financial flows, repayments of interest amounts on a monthly basis.
Minimum term for business activity (continuous)
6 months
Bank account opening/servicing
According to the tariffs applied in the Bank which are presented at the following link: Information bulletin of tariffs.
Cash withdrawal of loan amount
according to tariffs applied in the Bank (the usage of the loan amount or part of it in cash can be limited by the decision of the Bank's competent body (usage of cash can also refer to transfers from the client's account held with the Bank to its other account held with the Bank or other banks))
Age restrictions towards borrower/guarantor
the age of entities with PE status or physical entities must not exceed 70 years by the maturity term of the loan repayment
Requirements to the credit history of the borrower (including its participants with 10% and more share in the charter capital)/guarantor
1. Absence of overdue loan labilities to the banking system as of the day of submission of the loan application (in terms of loans, credit lines, overdrafts, etc.),

2. Not more than a total of 30 days of delay in terms of principal amount and/or interest amount repayments of previously received loans (credit lines, overdrafts, etc.) within 12 months prior to the day of submission of the loan application,

3. According to the decision of the Bank's competent body requirements can be set towards credit histories of other participants, as well as parties closely related to the borrower.
Acceptable means of security/pledge
• real estate property,

• fixed assets /equipment, machinery, other property/,

• means of transportation,

• goods in circulation,

• right to accounts receivable,

• financial flows,

• guarantees, warranties,

• financial means,

• precious metals (items),

• shares,

• securities,

• pledge of right,

• other property or property right not forbidden by RA legislation
Maximum loan/pledge ratio
50-100% depending on the type of pledge and the decision of the Bank's competent body. The calculation of the loan/pledge ratio is based on the appraised liquid value of the property.
Insurance of subject of pledge
Insurance of the subject of pledge may be required according to the decision of the competent body on providing the loan
Fines, penalties
0.1% daily penalty for overdue loan amount.

0.1% daily penalty for overdue interest amount, penalty in the amount of 5% of the early repaid amount in case of early loan repayment
Place of acceptance of the application
Branches, Head Office of the Bank
Conclusion of chief credit agreement
A chief credit agreement can be concluded with the client upon the latter's request for a term of up to 240 months
Positive factors of provision
1) good credit history,

2) stable cash flows,

3) compliance of the subject of pledge with the Bank's 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's requirements,

4) submission of false or unreliable information,

5) submission of such information that doubts the repayment of the loan,

6) other factors
Maximum decision-making term
Up to 25 business days after submission of the complete package of documents required by the Bank
Term of informing the client about the decision
1 business day
Decision validity term
30 business days
Decision reapproval term
Maximum once within 10 business days after the expiration of the validity term of the decision under the conditions applied as of the reapproval day
Loan disbursement term
Maximum 3 business days after submission of the complete package of documents and registration of the right of pledge after the decision on provision of the loan has been made
Required documents
62.83 KB
Within the framework of the program, the objectives of the loan may be acquisition and/or replenishment of tangible and/or intangible fixed assets, working capital for agriculture, processing of agricultural products, tourism, export promotion, industry implementation.
Positive factors affecting decision to provide a loan are a good credit history, stable financial flows, compliance of the collateral with the requirements of the Bank, good reputation and other factors.
Under the program, loans are provided for a minimum period of 24 and a maximum period of 90 months, but no more than the technical and economic term of the financed projected.
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.
The minimum loan amount under the program is 5,000,001 (five million and one) AMD, and the maximum is 500,000,000 (five hundred million) AMD. By the decision of the competent body of the bank, an amount exceeding the mentioned maximum amount may be provided.
Annual nominal interest rate of the loan is 8-9.5%.
There is no loan application processing fee, while the upfront fee is 0-1% of the loan amount.
Within the framework of the program, the client are RA resident micro, small/medium and large enterprises (including Individual entrepreneurs) engaged in agriculture, processing of agricultural products, tourism, export promotion, and industry.

Apply now

Starting as low as 8%
Repayment term up to 90 months

Code
+374 (Armenia)
+375 (Belarus)
+7 (Russia)
+32 (Belgium)
+1 (USA)
+1 (Canada)
+49 (Germany)
+86 (China)
+995 (Georgia)
+380 (Ukraine)
+33 (France)
+39 (Italy)
+34 (Spain)
+971 (UAE)
Branch
Vanadzor branch
"Echmiadzin” branch
Davtashen branch
Gyumri branch
IDBank Head Office
Abovyan branch
“Vardanants” branch
"Shengavit" branch
"Nor Nork" branch
"Malatia" branch
"Centre" branch
"Baghramyan" branch
"Arabkir" branch
"Erebuni" branch
© 2022 All rights reserved by IDBank
/THE BANK CONTROLLED BY THE CENTRAL BANK OF ARMENIA/
Information updated 02.11.2021 02:17
Developed inNew Site