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Large, Small and Medium, Micro loans
Convenient repayment term - Maximum 60 months
Starting as low as 7%
The loan product is available in AMD and USD
Business mortgage
ID-EIB-III Project
The loan product is available in AMD and USD
Starting as low as 8.5%
Maximum 180 months
Special offer
Package "IDBusiness Shoppy Overdraft"
Accept non-contact payments through Idram system and use the discounted overdraft package. Get an overdraft of up to AMD 50,000,000, as well as a Visa Business payment card with one year of free service, a free AMD account and much more.
Purpose of credit
Acquisition of working capital, financing of accounts payable, acquisition of fixed assets by legal entities, individual entrepreneurs, residents
non-residents of the RA, as well as individuals, residents
non-residents of the RA, who are engaged in agriculture
non-residents of the RA, as well as individuals, residents
non-residents of the RA, who are engaged in agriculture
Customer class
Micro , small/medium, large
Currency
AMD / USD
Minimum amount
Micro: 5,000,000 AMD / 10,000 USD,
small/medium: 5,000,000 AMD / 10,000 USD,
large: 5,000,000 AMD / 10,000 USD
small/medium: 5,000,000 AMD / 10,000 USD,
large: 5,000,000 AMD / 10,000 USD
Maximum amount
Micro: 25,000,000 AMD / 50,000 USD,
small/medium: 25,000,000 AMD / 50,000 USD,
large: according to internal regulations
small/medium: 25,000,000 AMD / 50,000 USD,
large: according to internal regulations
Minimum maturity
Micro: 12 months,
small/medium: 12 months,
large: not defined
small/medium: 12 months,
large: not defined
Maximum maturity
36 months in case of purchase of working capital, 60 months in case of acquisition of fixed assets
Annual nominal interest rate
Micro: AMD-from 13% / USD-from 11%, small/medium: AMD-from 10.5% / USD-from 8%,
large: AMD-from 10% / USD-from 7%
large: AMD-from 10% / USD-from 7%
Annual actual interest rate
Micro: AMD-from 14.06% / USD-from 11.83%,
small/medium: AMD-from 11.26% / USD-from 8.53%
small/medium: AMD-from 11.26% / USD-from 8.53%
Loan application processing fee
N/A
Up-front fee
0.5-1 % of the credit line amount, but no less than 50,000 AMD, single payment
Monthly service fee
N/A
Grace period for loan repayment
A grace period for loan repayment, depending on the specifics of the business, can be provided for the entire loan period, but the amount cannot exceed: 36 months in case of purchase of working capital, 60 months in case of acquisition of fixed assets
Loan repayment and interest
1. Annuity - equal monthly payments of loan principal and interest,
2. Reducing - repayment of the principal amount of the loan - evenly, and interest - monthly,
3. Mixed - repayment of the principal amount of the loan, based on the dynamics of the client's financial flows, and interest - on a monthly basis.
2. Reducing - repayment of the principal amount of the loan - evenly, and interest - monthly,
3. Mixed - repayment of the principal amount of the loan, based on the dynamics of the client's financial flows, and interest - on a monthly basis.
Minimum term of business history (uninterrupted)
Micro: 6 months,
small/medium: 12 months,
large: 12 months
small/medium: 12 months,
large: 12 months
Opening/maintenance of bank account
According to tariffs
How the credit is provided
1. non-cash, through transferring on bank account
Eligible age
Age of physical persons and persons having the status of private entrepreneurs must not exceed 70 at the maturity
Requirements to the credit history of the borrower (including persons owning 10 % and more in the charter capital thereof) / guarantor
1. No overdue/classified obligations as of the date of loan,
2. Good or neutral credit history acceptable by the Bank, according to internal legal acts of the Bank,
3. Competent authorities of the Bank may decide to make requirements to other participants, as well as persons closely related with the borrower
2. Good or neutral credit history acceptable by the Bank, according to internal legal acts of the Bank,
3. Competent authorities of the Bank may decide to make requirements to other participants, as well as persons closely related with the borrower
Acceptable means of security/Pledge
• Real estate,
• Fixed assets/equipment, techniques, other property,
• Vehicles,
• Working assets,
• Right of receivables,
• Financial flows,
• Guarantees, warranties,
• Monetary means,
• Precious metals (goods),
• Shares,
• Securities,
• Right to collateral,
• Other property not prohibited by the RA legislation or property right
• Fixed assets/equipment, techniques, other property,
• Vehicles,
• Working assets,
• Right of receivables,
• Financial flows,
• Guarantees, warranties,
• Monetary means,
• Precious metals (goods),
• Shares,
• Securities,
• Right to collateral,
• Other property not prohibited by the RA legislation or property right
Credit line limit/collateral ratio
By decision of the competent authority of the Bank, the maximum rate is 50-100%, depending on the type of collateral (in the case of loans secured by collateral). By decision of the competent authority of the Bank, a loan can be provided without collateral or simultaneously with other collateral (guarantee, financial flows, property rights, etc.).
Insurance of subject of collateral
Under the decision of the competent authority of the Bank, collateral insurance may be required based on the loan balance or the estimated market / realizable value of the property.
Fine, penalty
Fine for overdue credit line amount -0.1% daily.
Fine for overdue interest amount - 0.1% daily.
No penalty is imposed for early termination of the credit line agreement in case of credit lines up to AMD 5,000,000 or the equivalent in foreign currency (except for large class clients)
Fine for overdue interest amount - 0.1% daily.
No penalty is imposed for early termination of the credit line agreement in case of credit lines up to AMD 5,000,000 or the equivalent in foreign currency (except for large class clients)
Where to apply
Bank’s branches, Head office
Signing the main loan agreement
At the request of the client, a main loan agreement can be concluded with him for a period of up to 240 months.
Provision factors
1) Positive credit history,
2) Stable cash flows,
3) Compliance of the collateral with the requirements of the Bank,
4) Good reputation,
5) Other factors
2) Stable cash flows,
3) Compliance of the collateral with the requirements of the Bank,
4) Good reputation,
5) Other factors
Rejection factors
1) Negative credit history,
2) Insufficient financial situation,
3) Non-compliance of the collateral with the requirements of the Bank,
4) Providing false or inaccurate information,
5) Providing information that calls into question the return of the loan,
6) Other factors
2) Insufficient financial situation,
3) Non-compliance of the collateral with the requirements of the Bank,
4) Providing false or inaccurate information,
5) Providing information that calls into question the return of the loan,
6) Other factors
Maximum term of making decision
Up to 15 business days after submitting full pack of required documents
Giving notice to the customer
1 business day
Validity term of the decision
30 days
Terms of re-approval
Maximum once, within 10 business days after expiration of the term of decision, under terms of crediting applicable as of the date of re-approval
Term of providing credit line
Maximum 3 business days after the submission of the decision on the provision of a credit line and the provision of the right of pledge after registration,
if the client has not expressed a desire to receive a loan later, observing the period specified in clause 29.
if the client has not expressed a desire to receive a loan later, observing the period specified in clause 29.
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 Annual nominal interest rate of the loan, starting from 13% for loans in AMD, and starting from 11% for loans in USD.
Loans are provided for a minimum period of 12 and a maximum period of 36 months, for acquisition of working capital and for the period of 60 months for acquisition of fixed assets.
The objective of the loan can be acquisition of working capital, financing of accounts payable, acquisition of fixed assets.
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.
The loans are provided in Armenian drams and US dollars.
the minimum term of continuous business activity for Micro loans is 6 months, while for Small and Medium and Large loans it is 12 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, stable financial flows, compliance of the collateral with the requirements of the Bank, good reputation and other factors.
The minimum loan amount is 5,000,000 (five million) AMD or 10,000 (ten thousand) USD, and the maximum loan amount is subject to the terms of internal regulations of the Bank.
The minimum loan amount is 5,000,000 (five million) AMD or 10,000 (ten thousand) USD, and the maximum loan amount is 25,000,000 (twenty five million) AMD or 50,000 (fifty thousand) USD. By the decision of the competent body of the bank, an amount lower than the mentioned minimum amount or more than the maximum amount may be provided according to the conditions.
The minimum loan amount is 5,000,000 (five million) AMD or 10,000 (ten thousand) USD, and the maximum loan amount is 250,000,000 (two hundred fifty million) AMD or 500,000 (hive hundred thousand) USD. By the decision of the competent body of the bank, an amount lower than the mentioned minimum amount or more than the maximum amount may be provided according to the conditions.
Annual nominal interest rate of the loan, starting from 10% for loans in AMD, and starting from 7% for loans in USD.
Annual nominal interest rate of the loan, starting from 10․5% for loans in AMD, and starting from 8% for loans in USD.
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.
Customers can be RA resident /non-resident legal entities, individual entrepreneurs, and RA resident/non-resident individuals engaged in agriculture.
Apply now
Interest rate starting at 7%
Loan amount starting at 5,000,000 ֏
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