The Affordable agricultural loans are disbursed through the Bank’s Standard agricultural loan, Simple agricultural loans and Express agricultural loans, which allows to use a flexible system of loan and interest repayments (quarterly, semester, only interest amounts at the beginning etc.), which is formed taking into consideration the features and seasonality of the customer’s farm.

• Currency - AMD
• Duration – minimum 3 months, maximum 24 months
• Minimum amount – 50,000 AMD
• Maximum amount - 2,000,000 AMD
• Annual interest rate – AMD - 0-8 %
• Commission fee – 3% (one-time) of the loan amount
• Repayment frequency – defined according to the chosen loan type taking into consideration the features of the customer’s financial flaws and seasonality
• The loan interest amount is calculated towards the reducing balance of the loan
• Security – decided according to the conditions of the chosen loan type, moreover in case of Standard agricultural loans the total amount of the main loan amount and interest rates for 12 months should not exceed 83.33% of the assessed pledge value.

Arshakunyac 214, Yerevan

Tel. (+374 10) 44 77 83

www.hrashkaygi.am

"P/E Karapet Harutyunyan"

Vet Pharmacy

Garegin Nzhdeh 42, Yerevan

Tel. (+374 11) 44 55 55

www.vetapteka.am

"MOTOBLOK" LLC

G. Chaush 131, Ashtarak Highway, Yerevan

Crossroad of Hartavan-Shenavan villages, Aparan city, Aragatsotn region

Tel. (+374 77) 10 12 13, (+374 98) 70 70 82

www.motoblok.am

"ORWAKO" CJSC

Ed. Petrosyan 1/29, Abovyan city

Tel. (+374 93) 64 40 35

www.orwaco.am

"VA-VA AGRO" LLC

G. Chaush 1/1, Parakar village, Armavir region

Yerevanyan 34/1, Gai village, Armavir region

Tel. (+374 93) 19 89 73

"P/E Vaghinak Ghazaryan"

Lusagyugh area, Etchmiadzin-Margara Highway, Armavir region

Tel. (+374 77) 11 81 88

"ARMEN-AVET" LLC

The beginning of Proshyan village, Yerevan-Sevan Highway

Tel. (+374 93) 39 55 62, (+374 77) 49 20 22

www.agrotechnika.am

"P/E Artavazd Ivanyan"

N. Stepanyan st. 9-2, Nor Nork', Yerevan

Yerevanyan 4/15, Armavir

Tel. (+374 55) 10 20 35, (+374 99) 77 55 33

Artavazd.Ivanyan@gmail.com

"P/E Anahit Lukashi Harutyunyan"

16A, Yerevanyan Highway, Gyumri

Tel. (+374 94) 91 52 50, (+374 93) 92 75 68

gagikharutyunyan.1956@mail.ru

"ARTAGRO" LLC
70/11, 23 Ogostos st., Artashat

2, 29 st., Nor Kharberd village

Tel. (+374 60) 65 27 28, (+374 91) 43 64 54

www.artagro.am

"P/E Garik Meliksetyan"

Ararat region, villige Getapnya, 1st street 1/1

Lori region, villige Shnogh. 3rd street 29

Tel. (+374 94) 202404,

gmeliqsetyan@inbox.ru

• 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
• Documents, evidencing the ownership of the real estate, offered by the customer as a security for the loan
• Copies of the guarantors' and pledgers' passports
• Pre-estimate given by a partner organization

• Loans are disbursed non-cash, moreover, the loan amount is transferred to the current account of the Bank’s partner companies
• The factor of making a positive or negative decision on disbursing the loan is assessment of the customer’s creditworthiness
• The decision regarding loan application is made during 1-3 working days after the customer presents the application and package of necessary documents
• The company partnering with the customer and the Bank is being informed about the decision made by the Bank as a result of the discussion of Affordable agricultural loan application in one working day
• Loan is disbursed during maximum 1-3 days after informing about the Bank’s decision and the end of pledging procedure
• No penalties are charged in case of early repayment for loans up to 2 000 000 AMD or foreign currency

In case of fluctuations of the interest rate of funds involved and distributed by the Bank and/or changes in the financing interest rates and/or occurrence of such preconditions and/or non purposeful usage of the loan by the Borrower the Bank can unilaterally change the interest rates and commission fees defined by the agreement by informing the Borrower about it at least 30 days prior.

An example of loan interest calculation:

• Loan amount – 500,000 AMD
• Loan interest rate – 6 %
• Loan duration – 8 months
• Commission fee – 3%
• Annual actual interest rate will comprise – 11.07 %
• Daily interest amount will comprise –Loan amount (balance) x Loan interest rate / 365 = (500,000 x 6 % / 365) = 82.2 AMD

The loan interest amounts are calculated based on the nominal interest rate. The annual net interest rate indicates how your loan will cost you after making all the interest and other repayments on time and in defined amounts.

Pledge confiscation

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.