Business loan

Resident individual entrepreneurs and legal entities of the Republic of Armenia that meet the definition of Micro, Small and Medium EnterprisesAs well as those Micro, Small and Medium Enterprises whose financial statement analysis results meet the requirements of the Credit Organization

For RA resident legal entities and individual entrepreneurs for the acquisition of fixed assets, replenishment of working capital, repayment of accounts payable, implementation of capital investments and financing of current expenses

Armenian Dram (AMD) / US dollar (USD)

1,000,000 / 2,000

160,000,000 / 400,000

6 - 84 / 6 - 84 months

15 - 19 % / 10 - 14 %

16.20 - 20.89 % / 10.92 - 14.94 %

5,000 AMD

0 - 2 % of the loan principal amount

1. Annuity - equal monthly repayments of the loan principal and interest amount2. Regressive - equal repayments of the loan principal, and interest amounts - monthly

6 months

The age of individuals with private enterprise status at the loan maturity date must not exceed 65 years.

Absence of overdue or classified liabilities during the 12 months preceding the submission of the loan application and the total number of overdue liabilities not exceeding 30 days

- Real estate- Vehicles- Guarantees- other collateral**In case of submission of other collateral as a means of securing the loan, the decision on the acceptability of the collateral is made by the Department

The loan-to-value ratio is calculated based on the estimated realizable value of the collateral, up to 80 %

Not required

In the event of early repayment of more than the principal amount specified in the loan repayment schedule during the first 12 months after the loan is granted, a penalty of 30% of the unpaid interest amount is applied

-In case of non-payment of the principal amount of the loan, in the amount of 0.13 % for each day of delay-In case of non-payment of the interest amount of the loan, in the amount of 0.13 %In addition, the annual interest rate continues to be calculated on the overdue loan amount until the overdue loan amount is repaid

At the organization's business addresses

A general agreement for the implementation of credit operations is signed with the client for a period of up to 12 years, using a template approved by the credit organization

After submitting the complete package of required documents:3 working days if the amount to be provided does not exceed 20,000,000 AMD or 40,000 USD,5 working days if the amount to be provided exceeds 160,000,000 AMD or 400,000 USD

1 business day

15 business days

Cashless

Interest-only payment terms for up to 6 months, then, if necessary, a flexible principal repayment schedule based on business specifics and seasonality

10,000 AMD

26,400 AMD

Dear customer, we inform you that this type of loan has a high actual interest rate, so please consider in advance other similar services available on the market and evaluate your ability to repay the loan.