Loans Provided within the Framework of the Third Measure of the Government of RA (valid until the end of the program)

If you are running Small and Medium Business, you can apply to Evocabank for loan provision within the framework of the third measure of the Government.

Loans Provided within the Framework of the Third Measure of the Government of  RA (valid until the end of the program)
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Currency

AMD

Borrowers

RA resident legal entities and individual entrepreneurs

Purpose

Payment of salary, taxes, rental payments, duties and mandatory payments, utility payments, purchase of raw material

Limits by sectors

  • Industry
  • Construction
  • Transport and network
  • Trade
  • Accommodation and catering
  • Other branches

Up to AMD 50,000,000 

Provision of method

  • Non-cash
  • Loans can be granted in one installment or in phases

Repayment period

36 months

Repayment method

Annuity

Grace period

Grace period of 6 months

Annual interest rate

12 % for AMD  which will accrue on the outstanding principal balance starting from the 25th month

Penalty for loan principal and/or interest overdue

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

Loan early repayment penalty

Not applicable

Loan security

  • Guarantee provided by other legal entity or physical individual upon request of Investment Support Center.

Fees

Not applicable

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Evocabank is a fast, simple and innovative service bank, distinguished by the active use of the latest information technologies.

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