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
Credit line

Line of credit	Revolving line of credit Non-revolving line of credit with an individual repayment schedule	Non-revolving line of credit Non-revolving line of credit with an individual repayment schedule
Currency	Armenian drams, US dollars, Euros
Borrowers	Armenian resident and non-resident legal entities and sole proprietors
Purpose	Replenishment of working capital, Financing of operating expenses, Repayment of accounts payable	Capital investments/acquisition of fixed assets Project financing Replenishment of working capital Financing of operating expenses, Repayment of accounts payable, Others.
Credit limit	AMD 5,000,001- AMD 1,500,000,000 or a foreign currency equivalent
Disbursement method	Non-cash
Repayment period	12-60 months
	--------	Maximum 84 months, if the line of credit is for capital investments, acquisition of fixed assets or project financing.
Repayment method	For lines of credit – principal will be repaid in a lump-sum at the end of the loan maturity, while interest will be payable on a monthly basis. For lines of credit with an individual repayment schedule: «Annuity» or «Flexible» scheme Or by mutual agreement, another repayment schedule may be established.
Annual interest rate	In AMD – starting at 12%, in USD – starting at 8%, in Euro – starting at 6%
	Annual interest rate will be set with consideration of the scope of Borrower's cooperation with the Bank, lending terms and conditions, the Borrower's creditworthiness, Bank's non-interest income generated from the Borrower's current or future operations, etc.
Penalty for overdue liabilities	For past due principal - 0.015% per day For past due interest - 0.1% per day
Annual interest rate accrued on the unused portion of the credit limit	0 - 3%	-------
Security	Collateral and/or Surety bond
Surety	An Armenian resident legal entity or an individual (if appropriate)
Lump-sum fee for granting a credit limit	0.5% of the contractual amount, but not more than AMD 100,000
Other expenses	A fee for state registration of the collateral by the RA competent state bodies, a fee for collateral agreement validation and registration. Collateral appraisal fee. Notary fee.
A revolving/non-revolving line of credit may be granted for a certain period within the loan agreement term; principal repayment schedule will be set for the period between the expiry of this specific phase and the ultimate maturity of the loan.