• No business plan required (Bank discretion applies),
• Flexible system of selection and assessment of collateral (security),
• In case of pledging real estate as collateral, collateral agreements are signed for 20 years, which means that the customer can obtain multiple loans at the Bank during this time without having to undergo cumbersome collateral registration procedures. A third party (legal entity(ies) or individual(s)) can also act as provider of collateral.

• Business Loans are provided to legal entities and private individuals for business use.
• Business loans are provided to legal entities and sole proprietors with uninterrupted business activity of at least last 12 months for construction, 6 months for manufacturing, 3 months for trade and services companies,
• Business loans are provided in AMD and foreign currency (amount is transferred to current account and can be cashed)
• The maturity of the loans is 60 months; however, based on the purpose of the loan and satisfactory results of financial analysis, longer maturities are negotiable,
• The minimum amount of the loan is set at 150,000 AMD, the maximum amount is not set,
• The business loans can be disbursed with fixed or floating interest rate,
• Annual fixed interest rates for the loan are 12-17% for AMD, 9-13% for US dollar, 6.5-11% for EURO and 10-18% for RUB, with lower rates negotiable in specific cases, Business loans with variable interest rate are disbursed only in AMD and Euro.
• Business loans up to 12 months can be disbursed: AMD - 9.5-12.5%, USD - 6.5-9.5%, Euro - 5.5-8.5%, RUR - 9-12%
• The annual interest rate for business loans with a floating interest rate is defined as the fixed annual interest rate plus the yield to maturity index of RA state coupon bonds for 6 months in the case of AMD loans, in the case of US dollar loans, the fixed annual interest rate plus the SOFR interest rate, and in the case of euro loans, the EURIBOR interest rate *
• The repayment of the loan lump sum and the interest amounts shall be made in monthly equal installments. In case of loans with variable interest rate the interest amount accumulated for up till the day defined on the schedule is added to the main repayment amount. Depending on the business type, it is possible to specify another schedule for the repayment of the interest amount and the lump sum of the loan,
• The interest amount shall be calculated against the reducible balance of the loan,
• Loan collateral can be real estate, vehicle (car), agricultural equipment, other equipment, funds, gold, other material values, as well as guarantees, if required,
• The sum of the lump sum of the loan and the interests of 12 months shall not exceed 83.33% of the assessed value of the collateral.

Read more about:

Loans commissions, fees and other applicable charges

List of excluded and approvable activities

• Personal identification documents of the executive officer (director) and the chief accountant,
• Certificates of ownership (lease contracts),
• Decision of the authorized management body (general assembly of the company) to apply for the loan,
• Licenses, if applicable,
• Reports last submitted electronically to tax authorities, as well as notification of receipt of the reports thereby¹
• Statement from tax authorities about tax obligations,
• Proof of ownership of property pledged as collateral
• Copy of the charter, copy of the state registration certificate of legal entities (with insets) or copy of the reference, copy of TIN (if required),²
• Copy of the state registry of legal entities,^{3 and 5}
• Reference from registry, in case of a joint stock company (if required).^{4 and 5}
  
• In case of not having an account with the Bank, it is required to submit also the documents (originals), required to open an account with Acba bank OJSC.
  
  

1 The note “Identical with the original” shall be made on the reports, they shall be signed and shall contain the date. If the customer is a legal entity, the specified reports shall be signed by the director of the legal entity or the authorized person, as well as they shall bear the seal of the legal entity.

2 The documents are required, if the data or documents are missing or are incorrect in the database of the RA Ministry of Justice.

3 The reference may be received from the Bank or from the agency of the RA Ministry of Justice.

4 The reference from the registry is not required, if the shares of the joint stock company are pledged in the Bank or the holding and maintenance of the register of the shares is performed by the Bank.

5 It can be submitted after the positive decision on provision of the loan, made by the Bank.