Loans to legal entities

Simple business loan (without 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 10.000.000 or equivalent in foreign currency

Provision method

Cash or non-cash

Repayment period

6-60 months (without early payment penalty)

Annual interest rate

AMD

15 %

USD

10%

EUR

8%

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 60% of the property value
  • If the pledged property is located in Gyumri, Vanadzor, Abovyan cities – up to 50% of the property value

Fees

  • Loan account service fee – 1% of the loan amount, but not less than AMD 20,000, maximum AMD 50,000
  • 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 6 months should not exceed 20, as well as should not have with substandard or stricter classification
  • On the day of application request the borrower-applicant should not have classified guarantee, as well as overdue credit facilities.