Favorable lending conditions create wider business development opportunities for the small and medium-sized enterprises and private entrepreneurs. We offer specially designed credit programs for a particular group of customers based on market-specific business studies. This kind of approach ensures an active development for the SME and fulfils the customers’ expectations.

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Business loans

LOAN "REVOLVER"


MAXIMUM AMOUNT

USD 40,000
AMD 15,000,000

ANNUAL INTEREST RATE

from 12% for USD
from 16% for AMD

TERM

up to 60 months


Intended Purpose

The loan is intended for business purposes, as well as for refinancing loans held at other financial institutions.

Borrower Requirements

  • Individual entrepreneur or legal entity

  • No negative credit history, in accordance with the Bank's Credit Policy

  • Is a customer of "Unibank" OJSC with a real-estate-secured Business Loan and has an executed Master Loan Agreement

  • Has made at least 6 principal repayments on the most recently received loan

  • At the time the loan application is reviewed, the customer's credit burden has not increased by more than 30% compared to the credit burden recorded at the time the previous loan was disbursed

Loan Currency

AMD

USD

Minimum Annual Nominal Interest Rate, Starting From

16%

12%

Minimum and Maximum Loan Amount*

1,000,000 – 15,000,000

2,000 – 40,000

Maximum Loan Term

  • For working capital purposes — up to 48 months
  • For fixed asset acquisition and capital investments — up to 60 months
  • For working capital purposes — up to 48 months
  • For fixed asset acquisition and capital investments — up to 60 months

Attention: The loan interest rate is calculated on the declining balance of the loan. The Bank does not envisage changing the nominal interest rate during the term of the loan agreement, provided the borrower does not violate the conditions set out in the agreement. For loans issued in foreign currency, changes in the exchange rate may affect loan repayments.

Collateral

Guarantee of the founders and beneficiaries

Attention: Failure to make timely payments of interest and principal may result in the pledged property being seized and the borrower's information being registered in the credit registry. If, in the event of failure to fulfill loan obligations, the collateral is insufficient to cover the borrower's loan obligations, repayment may be enforced against the borrower's other property.

Loan Disbursement Procedure

The loan is transferred to the customer's bank account in a single lump sum.

Loan Repayment Procedure

  • Annuity or equal-installment principal repayments
  • Interest repaid monthly

Repayment Order

Overdue obligations shall be repaid in the following order: accounts receivable, state duty, arbitration fee, court costs, penalty, interest, and loan principal.

Service Fee

0.5%

Application Review Fee

AMD 10,000

Penalties

In the event of two or more consecutive business days of delay in loan and interest payments, the borrower will be charged a monthly penalty equal to 2% of the overdue amount.

Notes

  • For loans disbursed on the basis of a comprehensive analysis, the most recent analysis performed must be no more than 18 months old
  • For loans disbursed on the basis of an EBRD analysis only, or without any analysis, the "Revolver" loan is disbursed at an interest rate +1% higher.

*Lending Limits

  • Not more than 30% of the aggregate contractual amount of existing collateralized loans
  • For real-estate-secured loan(s) with a contractual amount of up to and including AMD 30 million, or the equivalent in foreign currency, the maximum lending limit under the "Revolver" loan product is AMD 5 million or USD 10,000
  • Under the "Revolver" loan product, the loan-to-collateral ratio, including the loan being disbursed, may not exceed 70%.
YOU HAVE THE RIGHT TO COMMUNICATE WITH THE BANK IN YOUR PREFERRED WAY: BY POSTAL OR ELECTRONIC MEANS. RECEIVING INFORMATION ELECTRONICALLY IS THE MOST CONVENIENT. IT IS AVAILABLE 24/7, FREE FROM THE RISK OF LOSS OF PAPER INFORMATION AND ENSURES CONFIDENTIALITY.

ACCOUNT STATEMENTS ARE PROVIDED FOR FREE.

Certificates and information regarding accounts (regardless of the number of accounts) are provided in Armenian, Russian, and English:

AMD 2,000 if the customer has been served by the Bank for 6 months or more.

AMD 5,000 if the customer:

a) has been served by the Bank for less than 6 months; or
b) has not been a customer of the Bank.

Duplicates are issued at the same rates.

The loan is provided at the Bank's Yerevan branches: "Byron", "Tiv 47", "Kentron", "Komitas", "Malatiya", and "Tashir Kentron", as well as at all branches located in the regions.

ATTENTION: In case of non-fulfillment or improper fulfillment of your obligations, the creditor will, after 1 business day (within a maximum period of three business days), submit this information to the credit bureau, where your credit history is formed. You have the right to obtain your credit history from the credit bureau free of charge once a year.

ATTENTION: A negative credit history may prevent you from obtaining credit in the future.

For the purposes of customer due diligence as defined by the Law of the Republic of Armenia "On Combating Money Laundering and Terrorism Financing", it may, based on the "Know Your Customer" ("Know your customer") principle, request additional documents or other information.

Under the Foreign Account Tax Compliance Act (FATCA) and the agreement concluded with the United States, the Bank may, in order to determine whether you are a U.S. taxpayer, carry out additional collection of information.

ATTENTION: You can find detailed information on the formation and use of your credit history, as well as the steps and requirements aimed at improving your credit history, by following the LINK .

Information Center: +374 10 59 55 55


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Updated: 10/08/18 17:14