• Personal identification document,
• Copy of the document, containing the public service number, established by the legislation, or the original of the reference on receiving or not receiving the public service number, issued by the body, holding the state register,
• Copies of the passports of the guarantors. ^*

• Agricultural credit lines are disbursed non-cash,
• Decisions are based on the assessment of the customer’s credit capacity,
• The decision on provision of the loan is made within 3 business days upon submission of the required documents presented by the borrower,
• The decision is communicated to the customer within 1 banking day,
• The loan is disbursed within 5 working days after the communication of the decision made by the Bank,
• In case of loans, provided in foreign currency, the changes of the foreign currency conversion may influence the loan repayments,
• In case of early repayments of the loans up to 2 000 000 AMD (corresponding amount in USD) there are no penalties charged,

• 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.

Credit calculation example:

• Credit line amount – 400,000 AMD
• Interest rate – 22 % (the interest amount is paid once a year)
• Credit line period – 24 months
• Encashment – 1%
• Effective annual rate of interest will be – 22.7%
• Daily rates will be loan amount (balance) × loan rate ÷ 365 = (400,000 x 22%/365) = 241.1 AMD

Penalties applicable in case of delinquencies against obligations of borrowers

• Interest is calculated based on nominal interest rates. The effective annual rate of interest indicates the true cost of the credit for you, subject to timely payment of interest and all applicable fees.

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.