Simple business loan (with simplified assessment)

Currency

AMD, USD, EUR

Borrowers

RA resident legal entities and individual entrepreneurs who are running registered activity for at least 6 months 

Limits

Up to AMD 15.000.000 or equivalent in foreign currency

Usage method of the granted loan

Non-cash

Repayment period

6-60 months (without early payment penalty)

Annual interest rate

AMD

14,5%

USD

9,5%

EUR

7,5%

Penalty for loan principal and/or interest overdue

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

Loan repayment security measure

• Immovable property located I Yerevan, Vanadzor, Gyumri and Abovyan cities; apartment, plot (except for production areas)
• In addition to property pledge, at least one guanartee provided by a physical individual or legal entity might be required

Loan to value ratio

• If the pledged property is located in Yerevan – up to 65% of the property value
• If the pledged property is located in Gyumri, Vanadzor, Abovyan – up to 55% of the property value

Fees

• Loan account service fee – 1% of the loan amount , but not less than AMD 20,000 , maximum AMD 100,000
• 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.

Limitations

• Borrower’s total number of overdue days for the last 12 months should not exceed 30 days,
• For the previous 24 months the borrower should not have loans with any classification.
• On the day of application request the borrower-applicant should not have classified guarantee, as well as overdue credit facilities.