Purpose of the loan
Loans to purchase of fixed and working assets,financing of receivables occurred from purchase of working assets
RA resident/nonresident legal entities and private entrepreneurs
minimum: 50,000 USD, maximum : Limited to according to internal regulations
Annual interest rate
For the first 180 days after the effective date of the agreement: 6.9%.
Starting from the 181st day of the effective date of the agreement till the maturity date: 10.9%
Loan application processing fee
0.5% of the loan amount in a single payment
Grace period for repayment of the principal amount
Maximum 6 month starting from the effective date of the agreement
Loan and interest repayment
1. On annuity basis, aggregate amount of the principal and the interest to be paid at equal monthly frequency,
2. Descent, equal payment of principal and interest amount on monthly basis.
Minimum business history (uninterrupted)
Opening/maintenance of bank account
According to tariffs
According to the rates applicable at the Bank (cashing of the loan amount or a part thereof can be limited by the decision of competent authority of the Bank (cashing here means transfer of facilities from the Borrower’s account to other account opened with the Bank or other banks))
Eligible age of the borrower/guarantor
Eligible age of private entrepreneurs, physical persons should not exceed 70 at the time of maturity.
Requirements to the credit history of the Borrower (including participants held 10% and more in its charter capital) /guarantors
1. No overdue /classified obligations as of the date of loan application,
2. Good or neutral credit history acceptable by the Bank, according to the internal legal acts of the Bank,
3. Credit history requirements for other participants and parties closely related with the borrowers can be presented by the decision of the competent authorities of the Bank.
• Real property,
• Fixed assets (equipment, techniques, other property),
• Working assets,
• Receivables rights,
• Cash flows,
• Guarantees, warranties,
• Precious metals (items),
• Right of collateral,
• Other property or property right allowed by the RA legislation.
Loan to collateral ratio
According to the internal legal acts applicable by the Bank
Insurance of collateral
The subject of collateral should be insured from the appraised market value if the subject of collateral is vehicle. The competent authority of the Bank, which takes the decision on the loan can require insurance for the subject of collateral for all other types of collateral.
For overdue principal amount - 0.1% daily.
For overdue interest amount - 0.1% daily.
O early repayment fee shall be applicable for repayment of the loan within the first 180 days,
starting from the 181st day fine shall be established in the amount of 3% of the early repaid amount
Where to apply
Branches of the Bank, Head office
Maximum term of taking decision
15 business days after presenting complete file of documents required by the Bank
Term of giving notice to the client on taken decision
1 business day
Validity term of the decision
30 business days
Term of re-approval
Maximum once, within 10 business days after expiration of the validity term of the decision, under the terms of financing, applicable as of the day of re-approval
Term of extending the loan
According to the internal legal acts of the Bank