Loans to legal entities

Account lending

Currency

AMD, USD, EUR

Borrowers

Bank Customers of at least one year

Purpose

Salary payment, repayment of liabilities towards the state budget, custom clearance of the imported goods, payments for the goods that are on the way and similar purposes

Limit

Up to 30% of the annual turnover of borrower’s account

Provision method

Non-cash

Repayment period

Up to 180 days

Interest rate

Starting from 10.5% 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

Security

The Bank is entitled without further authorization by the borrower to debit the Borrower’s debt from the funds available on the borrower’s account. The right is also stipulated within the account crediting agreement. 

Fees

Credit application review fee of AMD 20,000.

In case if the loan amount is received in cash, encashment fee is applied according to tariffs of the Bank