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Currency
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AMD
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Borrowers
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- RA resident legal entities and individual entrepreneurs
- Analysis of financial statement of the borrower should be in line with the Bank’s requirements
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Purpose
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In non-gasified and gasified communities:
- renewable energy equipment
- energy saving measures
- acquisition, re-equipment of energy-saving equipment
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Limits
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- With pledge: AMD 3,000,001-50,000,000 or equivalent foreign currency
- Without pledge: (minimum 2 guarantees provided by physical individual or legal entity) AMD 1,000,000-3,000,000 or equivalent foreign currency
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Provision method
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Non-cash
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Repayment period
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Up to 96 months
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Annual nominal interest rate
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AMD - 12%
USD - 8%
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Pledge
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- Movable and immovable property
- Monetary funds available on deposit or current accounts
- Standard gold bars or scrap
- Short term bonds issued by the government or other securities
- If needed, along with other pledge the equipments to be purchases within the framework of the program can also be pledged
- Additional condition - Personal guarantee provided by business founders/beneficiary owners is mandatory. Meanwhile, as additional security the Bank can also request other guarantee provided by physical individual and/or legal entity
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Acceptable loan to value ratio
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- For immovable property and other fixed assets: up to 70% of the property value
- For short term bonds issued by the government: up to 95% of the nominal price
- For other securities: up to 70% of the evaluated price
- For standard gold bars and scrap of precious metals: up to 95% of the value
- Monetary funds (in case of deposit and current account): up to 90%
- For equipment to be purchased: up to 50% of the evaluated price
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Insurance
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Upon need
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Loan early repayment penalty
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No penalty is applied
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Penalty for loan principal and/or interest overdue
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- For overdue principal - 0,015 % daily
- For overdue interest - 0.1% daily
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Loan repayment method
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Annuity
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Requirements for the guarantors
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- RA resident legal entity, individual entrepreneur or physical individual
- No overdue liabilities (including for the guarantees provided)
- No any classification of credit facilities for the last 12 months, and the sum of total overdue days should not exceed 30 days
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Fees
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Not applicable
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State duties and other fees
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- State duties paid to the RA government: are paid for ratification and registration of the pledge agreement
- Valuation fee for pledged securities: according to the tariffs defined by the independent valuating companies
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Additional terms
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In case of refinancing of loans provided to legal entities and individual entrepreneurs, 20% co-financing is done
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