• AMD - 11.5-14.5%
• USD - 11-14%
• EUR - 9-12%
• RUB - 12-15%

• 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 36 months, no minimum period
• The maximum amount of the loan is 4 million AMD or the equivalent in foreign currency, no minimum amount,
• Annual interest rates:
  • AMD - 17-22%
  • Foreign currency - 15-18%
• Business loans up to 12 months can be disbursed: AMD - 11.5-14.5% USD - 11-14%, EURO - 9-12%, RUR- 12-15%
• 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.

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Loans commissions, fees and other applicable charges

• Decisions to provide a loan or reject the provision thereof are based on assessments of the customer’s credit capacity/creditworthiness,
• Loan applications are processed within 3 banking days after receipt of the application and all supporting documents,
• The decision is communicated to the customer within one banking day,
• In case of a positive decision on the loan provision, the loan is provided within 1 banking day,
• For foreign currency loans, changes in currency conversion rates may affect the amounts of loan repayment,
• The loan can be repaid before the agreement due date, in which case the customer pays the interest amount calculated for the actual loan period, as well as the 0-3% of the principal amount paid before the due date.

• In case of fluctuations of the interest rates of the funds, attracted and placed by the Bank in the financial market and/or change of the financing interest rate and/or availability of such preconditions and/or in case of non purposeful use of the credit by the borrower, the Bank may unilaterally change the interest rates and commission fees, specified by the agreement, by notifying the Borrower 30 calendar days in advance.

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Penalties and procedures applicable in case of delinquencies against obligations of borrowers, terms and conditions for early repayment of loans

Appropriation of collateral

PROPERTY PLEDGED AS COLLATERAL MAY BE SEIZED / APPROPRIATED IN CASE OF FAILURE BY THE BORROWER TO MAKE TIMELY REPAYMENTS OF LOAN AND INTEREST. WHERE COLLATERAL IS INSUFFICIENT TO MEET ALL RELEVANT OBLIGATIONS, RECOURSE MAY BE MADE TO OTHER PROPERTY OWNED BY THE BORROWER.

Information provided to the credit registry

IN CASE OF FAILURE BY THE BORROWER TO PAY INTEREST ON THE LOAN AND PRINCIPAL THEREOF IN ACCORDANCE WITH THE REPAYMENT SCHEDULE, INFORMATION ABOUT THE BORROWER WILL BE SUBMITTED TO THE CREDIT REGISTRY.

“BAD” CREDIT HISTORY MAY IMPAIR YOUR ABILITY TO OBTAIN LOANS / CREDITS IN THE FUTURE.