Credit line

If you are running a company, or you are an individual entrepreneur who always wants to have available credit funds, then you can take advantage of Evocabank’s revolving and non-revolving credit lines.

Credit line
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Currency

AMD, USD, EUR

Borrowers

RA resident and non-resident legal entities and individual entrepreneurs

Purpose

Working capital replenishment

Limit

Up to AMD  1,000,000,000 or equivalent in foreign currency

Provision method

Non-cash

Repayment period

Up to 5 years

Repayment method

Any loan granted under the credit line can be repaid in the following ways:

  • One off – at the end of the term
  • Annuity
  • Springy
  • Other schedule type can be defined with the consent of the parties

Annual interest rate

Starting from 12.5% for AMD, starting from 8% for USD, starting from 7% for EUR

Penalty for loan principal and/or interest overdue

  • For overdue principal - 0,015 % daily
  • For overdue interest - 0.1% daily

Interest rate for the non-utilized part

0 - 4 %

Security

  • Movable and immovable property
  • Monetary funds available on deposit or current accounts
  • Working capital, final product
  • Standard gold bars or scrap, precious metals
  • Short term bonds issued by the government or other securities

Fees

Credit account service fee in the amount of 0.5% of the loan amount, but not less than 20,000 AMD, maximum 100,000 AMD.

In case if the loan amount is received in cash, a cash withdrawal fee is charged from the bank account according to the current tariffs

State duties and other fees

  • For ratification and registration of the pledge agreement state duty and/or service fee are paid to the

RA Authorized State Bodies.

  • Valuation fee of the pledged securities according to the tariffs defined by the independent valuating companies.
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