• The credit line at the end of the term in the amount of the residual value can be converted into a 12-month loan
• The credit line can be provided without collateral
• The credit line can be provided without financial and economic analysis of the customer's activities
• Credit line and interest accrued on it is repaid at the end of the credit line term

• Credit lines are provided to legal entities and private enterprises for export and / or import
• Credit lines are provided to legal entities or private enterprises who have continuous work experience during the last 1 year
• Credit lines are provided in foreign currency, non-cash, on the basis of an invoice, contract or other documents certifying export / import
• The maximum term of the credit line is 6 months, in case of loan restructuring the maximum term of the loan is 12 months, the minimum term is not defined
• There is no minimum or maximum amount of credit line
• Determining the maximum amount of the credit line is based on the movement of the customer's accounts in the Bank and / or the results of the financial and economic analysis of the customer's activity
• In case of meeting the standards of the Bank, the credit lines can be provided without financial and economic analysis of the customer's activity
• Annual interest rate of the used part of the credit line: USD - 7-9%, Euro - 5.5-7%,
• In case of loan restructuring, the annual interest rate of the loan: USD - 8-10%, Euro - 7-8%
• Annual interest rate of the unused part of the credit line - 0%
• Full repayment of the credit line and interest accrued on it is made at the end of the credit line term
• Credit line interest is calculated based on used or unused parts of the credit line
• Cash, guarantee and / or real estate / movable property can be collateral for the credit line
• The sum of credit line secured by real estate and 12 months interest should not exceed 83.33% of the assessed value of the pledge.
  
  

• Identity documents of the founders, director and chief accountant
• Certificate of ownership of the area(s) or lease agreement
• License (in case of licensed activity)
• Certificate of liabilities from the tax inspectorate
• Electronic reports submitted to the Tax Inspectorate for the last 1 year and notification on the acceptance of the reports
• Pledge ownership certificate, technical passport, owners' identity documents, marriage certificate and photos of pledges
• Copy of the charter of the legal entity,¹
• Copy of the certificate of the State Register of Legal Entities (with its inserts ) and copy of VAT number (required in case of legal entities),¹
• Reference from the State Register of Legal Entities,^1,2,3
• Extract from the register in case of a joint stock company,³
• Decision of the competent body (general meeting) on taking a loan.³

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 RA Ministry of Justice are missing or incorrect.

² The certificate can be obtained from the Bank or the State Register Agency of the Ministry of Justice of the Republic of Armenia, whereby the submission of the certificate by the legal entity customers is obligatory, while it is mandatory for the private entrepreneur customers in case of not submitting the state registration certificate with its inserts.

³ May be submitted after the Bank has made a positive decision on the loan.

If you do not have an account in the bank, it is required to submit the necessary documents (originals) for opening an account in "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 poor financial performance as a result of the analysis, poor customer credit history, insufficiency / lack of necessary collateral, Business Advisor’s professional opinion, Credit Committee's professional opinion.
• The decision on the loan application is made by the customer within 20 banking days after submitting the application package of the necessary documents.
• 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 after the customer submits the complete package of documents required for the loan.
• In case of foreign currency loans, changes in foreign exchange rates may affect the repayment of the loan.
• In 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 loan disbursement date, and the annual actual interest rate may change depending on the change in the exchange rate published on the official website of the Central Bank.
• The loan can be repaid ahead of the contract period, in which case the customer pays the interest accrued for the actual term of the loan, and if the sum repayments made between regular repayments defined by the loan schedule exceeds twice the total amount to be repaid within the loan schedule – also 0-5% of the exceeding amount.
• In case of interest rate fluctuations of the funds attracted and placed in the financial market by the Bank and/or changes of financing interest rate and/or the existence of such preconditions and/or the existence of such preconditions and/or use of the loan by the Borrower not for the purpose, the Bank may unilaterally change the interest rates set by the contract notifying the Borrower at least 30 calendar days in advance.
• If the loan is provided on the basis of a pledge of real estate, vehicle, agricultural machinery, equipment, and the property is valued at 30 million AMD, then the property shall also 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 overdue obligations):
• Penalty / fine,
• Interest,
• Principal.

Learn more:

• Procedure for calculating daily interest
• Penalties for non-fulfillment of obligations by the borrower
• Qualified independent appraisal companies cooperating with the bank

YOU HAVE THE RIGHT TO COMMUNICATE WITH THE FINANCIAL ORGANIZATION BY YOUR PREFERRED METHOD – MAIL OR EMAIL. RECEIVING THE INFORMATION ELECTRONICALLY IS THE MOST CONVENIENT. IT IS AVAILABLE 24/7, IS FREE OF RISK OF LOSS OF PAPER INFORMATION AND ENSURES PRIVACY.

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

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.

During the validity of the contract, the statements are provided via e-mail on a thirty-day basis, unless the customer chooses another way of communication.