Express business loans

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Express business loans

Express business loans are provided to legal entities and sole proprietors without legal entity status with shortest possible processing time.

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Currency

AMD, foreign currency

Minimum amount

not defined

Duration of credit

up to 48 months

Interest rate

AMD - 11.5-18%, other currencies - 9-16%

Maximum amount

5,500,000 AMD

Surety

guarantees from individuals and legal entities

Advantage

Up to 12 months

Terms and conditions

Required documents

The loan is provided without collateral
Providing a loan maximum within 5 working days

Short-term express business loans to take care of the financial expenses fast and effectively.

The mentioned loans are disbursed in AMD and foreign currency with the following interest rates:

AMD - 11.5-14.5%
USD - 11-14%
EUR - 9-12%
RUB - 12-14.5%

Express business loans are provided to legal entities and sole proprietors with uninterrupted business activity of at least last 12 months in the construction sector, 6 months in the manufacturing sector, or 3 months in the trade and services sector.
The loan amount is disbursed in non-cash form, in AMD and foreign currency (amount is transferred to current account and can be cashed)
Maturity: up to 48 months, no minimum period
The maximum amount of the loan is 5.5 million AMD or the equivalent in foreign currency, no minimum amount,
Annual interest rates:
AMD - 15-18%
Foreign currency - 13-16%
Business loans up to 12 months can be disbursed: AMD - 11.5-14.5% USD - 11-14%, EURO - 9-12%, RUR- 12-14.5%
The repayment of the loan lump sum and the interest amounts shall be made in monthly equal installments,
Interest accrues on the actual (decreasing) principal of the loan,
Acceptable collateral (security): guarantees from individuals and legal entities, and the number of guarantors depends on the client's credit history

personal identification document of the executive officer (director) and the chief accountant
license (in case of licensed activity),
copy of the legal entity charter¹,
copy of the certificate from the State Registry of Legal entities (with the insets) and the TIN (in case of legal entities is required upon necessity)
statement from the State registry of the legal entities
decision of the authorized body (general meeting) on obtaining a loan ^{1.2 and 3}
identification documents of guarantors³

¹The documents are required is the information is not correct or is missing from the RA MJ state registry database.

²The reference can be received from the Bank or the state registry of the Ministry of Justice of Armenia. Moreover, the legal entities are obliged to present the reference, and the private entrepreneurs are obliged in case of not presenting the legal entities state registry certificate with its insets.

³Can be presented after a positive decision by the Bank on providing the loan.

In case of not having an account in the Bank it is necessary to submit the original versions of the documents required to open an account in “ACBA-CREDIT AGRICOLE BANK” CJSC.

In case of any discrepancies in the information contained in the Site, as well as inaccurate texts in a foreign language, please be guided by the Armenian version. 24.12.2020 17:51

Acba bank is supervised by the CBA.

82-84 Aram Street, Yerevan, Armenia

Tel: (+374 10) 31 88 88 (24/7)

Fax: (+374 10) 54 34 85

E-mail: acba@acba.am

Financial system mediator