1 It is necessary to make the note “Authentic with the original”, sign and mention the date. If the customer is a legal entity, the mentioned reports should be signed by the director of the legal entity or a competent person, as well as sealed with a round seal.
2 The documents are required if the information or documents in RA MJ state registry database are missing or are incorrect.
3The reference can be obtained from, the Bank or RA MJ state registry agency, moreover, it is mandatory for the legal entities to present the reference, and for private entrepreneur customers it is mandatory in case of not presenting the legal entity’s state registry certificate with its inserts.
4 Can be presented after the positive decision of the Bank on loan disbursement.
In case of not having an account at the Bank it is necessary to also present documents (original copies) necessary to open an account at ACBA-CREDIT AGRICOLE BANK.
An example of loan interest calculation:
The loan subsidized and non-subsidized interest rates are calculated based on the loan balance. The non-subsidized interest rate is subject to payment by the customer.
THE PLEDGED PROPERTY CAN BE CONFISCATED IF THE BORROWER DOESN’T MAKE THE LOAN AMOUNT AND INTEREST REPAYMENTS ON TIME. IN CASE THE VALUE OF THE SUBJECT OF PLEDGE IS NOT ENOUGH THE BORROWER’S OBLIGATIONS WILL BE REPAID ON ACCOUNT OF HIS/HER OTHER PROPERTIES.
Information provided to the credit registry
IF THE LOAN AMOUNT AND INTEREST REPAYMENTS AREN’T DONE ON TIME, INFORMATION ABOUT THE BORROWER WILL BE RECORDED IN THE CREDIT REGISTRY. HAVING A BAD CREDIT HISTORY CAN BECOME AN OBSTACLE FOR YOU WHEN OBTAINING OTHER LOANS.