• Identification document of the founders, director and chief accountant
• Ownership certificate or lease agreement of the business premises, license (in case of licensed activity)
• Reference on liabilities from the tax inspectorate
• Electronic tax reports, submitted to the tax inspection in the last 1 year and notification on acceptance of reports
• Property certificate of collateral(s), technical passport, identification documents of owners, marriage certificate and collateral photos
• Copy of the charter of legal entity¹
• Copy of State Register of legal entities registration certificates (with inserts) and the copy of TIN (if required)¹
• Reference from the State Register of Legal Entities Registration^1,2,3
• Reference from the register, in case of a joint-stock company³
• Decision of an authorized body (General Meeting) on taking a loan³
• Crop purchase agreements concluded between the customer and farms and/or legal entities and/or private entrepreneurs and/or cooperatives engaged in milk collection.

Additional documents and information may be required due to various circumstances.

¹ Documents are required if the data or documents in the database of the State Register of the Ministry of Justice of the Republic of Armenia are missing or incorrect.

² The certificate can be obtained from the Bank or the State Register of the Ministry of Justice of the Republic of Armenia, moreover, the presentation of the certificate by legal entities is mandatory, and private entrepreneurs are required to submit the certificate in case of no submission of state registration certificate with their inserts by legal entities.

³ Can be submitted upon positive decision on the provision of the loan by the Bank.

If you do not have an account in the bank, you need to submit the necessary documents (originals) for opening an account with ACBA BANK OJSC.

• The factors of a positive decision to provide a loan are the assessment of the customer's creditworthiness;
• Loan rejection factors include insufficient financial indicators of the analysis, poor credit history of the customer, insufficiency/lack of necessary collateral, professional opinion of the Business Advisor, professional opinion of the Credit Committee;
• The decision on the loan application is made within 20 banking days after submitting the application package of the necessary documents by the customer;
• The decision made by the Bank as a result of the consideration of the loan application is communicated to the customer within 1 banking day;
• The loan is provided within 3 banking days after the completion of the mortgage process and submission of the complete package of documents, required for the loan, by the customer;
• In case of foreign currency loans, changes in foreign exchange rates may affect the repayment of the loan;
• In the case of foreign currency loans, the basis for calculating the annual actual interest rate is the exchange rate published on the official website of the Central Bank of Armenia as of the day of the loan provision. The actual annual interest rate may change depending on the change in the size of the exchange rate published on the official website of the Central Bank of the Republic of Armenia;
• The loan can be repaid ahead of the contract period, in which case the customer pays the interest accrued for the actual loan term;
• In case of interest rate fluctuations of the Bank's funds placed in the financial market and/or change in the financing rate and/or the existence of such preconditions and/or in case of non-targeted use of the loan by the Borrower, the Bank may unilaterally change the interest rates and commission fees, notifying the Borrower 30 calendar days in advance;
• If the loan is provided on the basis of a pledge of real estate, vehicle, agricultural and other equipment, devices, and the property is valued at 30 million AMD, then the property shall be valued by a qualified independent valuator cooperating with the Bank;
• The loan is registered in the Bank's branches;
• Loan repayments are made in the following order (in case of repayment of overdue liabilities):
• Fine/penalty,
• Interest amount,
• Loan principal.

Learn more:

• Business loan calculator
• Calculation of daily interest amount
• Applied fines in case of non-performance of liabilities duly by the Borrower
• Independent valuation companies, cooperating with the Bank

YOU HAVE THE RIGHT TO COMMUNICATE WITH YOUR FINANCIAL ORGANIZATION IN YOUR PREFERRED METHOD - BY MAIL OR EMAIL. RECEIPT OF INFORMATION ELECTRONICALY IS THE MOST CONVENIENT. IT IS AVAILABLE 24/7, FREE OF THE RISK OF LOSS OF PAPER INFORMATION AND PROVIDES CONFIDENTIALITY.

Confiscation of collateral

THE PLEDGED PROPERTY CAN BE CONFISCATED, IF THE BORROWER DOES NOT DULY REPAY THE INTEREST AMOUNTS AND LOAN AMOUNT. IF THE COLLATERAL VALUE IS INSUFFICIENT, THE BORROWER’S LIABILITIES WILL BE REPAID AT THE EXPENSE OF OTHER PROPERTY OF THE BORROWER.

Information, provided to the Credit Registry

ATTENTION: IN CASE OF FAILURE TO FULFIL THE LIABILITIES OR IMPROPER PERFORMANCE OF LIABILITIES, THE CREDITOR SHALL SEND THESE DATA TO THE CREDIT BUREAU UPON 3 WORKING DAYS, WHERE YOUR CREDIT HISTORY IS REGISTERED. YOU HAVE THE RIGHT TO RECEIVE YOUR CREDIT HISTORY FROM THE CREDIT BUREAU FREE OF CHARGE ONCE IN A YEAR.

ATTENTION: BAD CREDIT HISTORY CAN BE AN OBSTACLE FOR YOU TO RECEIVE A LOAN IN THE FUTURE.

During the loan validity, the statements are provided via e-mail on a 30 days basis, unless the customer chooses another way of communication.