Business loans
Business loan “Special”
MAXIMUM AMOUNT
500 000 USD
250.000.000 AMD
ANNUUAL INTEREST RATE
8.5% in case of USD
11% in case of AMD
TERMS
Up to 60 months
Business loan “Special” |
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Purpose |
The loan is intended for business purposes as well as refinancing loans at other banks. |
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Requirements to the borrower |
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Loan currency |
AMD |
USD |
Minimum amount of the loan |
25 000 000 |
50 000 |
Maximum amount of the loan |
250 000 000 |
500 000 |
The minimum annual interest rate of the loan up to 24 months |
11 % |
8.5 % |
The minimum annual interest rate of the loan up to 48 months |
11.5 % |
8.8% |
The minimum annual interest rate of the loan up to 60 months |
12 % |
9 % |
Maximum loan term |
60 months |
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Collateral |
Movable (vehicles) and immovable property, commodity stocks, working capital, etc. |
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Loan/collateral ratio |
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The loan interest rate is calculated on the declining loan balance. The Bank does not intend to change the nominal interest rate during the term of the loan agreement, unless the borrower violates the terms of the agreement. In the case of foreign currency loans, changes in foreign exchange rates can affect the repayment of the loan. |
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Loan commission fee |
1% /lump sum/ |
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Procedure for providing a loan |
The loan provision method is cashless. |
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Loan repayment procedure |
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Penalties |
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Attention! In case of non-timely repayment of interest and loan amount, the pledged property can be confiscated, and the borrower's information can be registered in the credit register. In case of non-fulfillment of credit obligations and repayment of liabilities at the expense of collateral, and if the collateral is not sufficient to cover the borrower's credit obligations, repayment of liabilities at the expense of the borrower’s other property is possible. |
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Loan application review fee |
10 000 AMD |