Loans to legal entities

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

Cash or 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 70,000
  • In case if the loan amount is received in cash, encashment fee is applied according to tariffs of the Bank

Limitations

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