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.

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Corporate
Loans
Business Loans
Credit line

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 %(By the decision of the Bank's authorized body, 0% is set as preferable for the Bank in the case of existing or participating customers, in other cases, the minimum guideline threshold should be 0.5%.
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.

Warning:

If you do not pay the interest and loan amount on time, the mortgaged property may be SEIZED in accordance with the law, and your information will be recorded in the Credit Register (which may subsequently prevent you from receiving new loans).
In the case of repayment of obligations on the account of the collateral as a result of non-fulfillment of credit obligations, if the value of the collateral is not sufficient to cover the credit obligations of the borrower, then we (according to the current legislation) have the opportunity to repay the loan obligations on account of your other property (if available).