Intended Purpose

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

Borrower Requirements

• Individual entrepreneur or legal entity

• Business operation period — at least 12 months

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

• The customer's annual turnover, according to tax reporting, must be at least AMD 100,000,000

Loan Currency

USD

EUR

Minimum Annual Nominal Interest Rate, Starting From

8%

7%

Minimum and Maximum Loan Amount

100,000 – 500,000

100,000 – 500,000

Maximum Loan Term

36 months

Collateral

Real estate, in accordance with the Bank's Credit Policy, or movable property, including motor vehicles, inventory, goods and materials, working capital, etc. Additional collateral may also be offered in the form of gold jewelry of 500 fineness or higher, of any type, precious stones are not appraised, excluding gold in bullion form.

Loan-to-Collateral Value Ratio

• Maximum 70%, in accordance with the Bank's Credit Policy.

• If real estate and movable property, including machinery and equipment and working capital, are accepted together as combined collateral, the loan amount may not exceed the market value of the pledged real estate.

Loan Disbursement Procedure

Non-cash

Loan Repayment Procedure

• Principal: equal-installment, annuity, or customized schedule

• Possibility of a grace period of up to 12 months

• Interest: repaid monthly

Repayment Order

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.

Early Repayment Penalty

• From loan disbursement through month 36, inclusive, of the loan term: if a payment exceeding three times the principal amount due for that month under the repayment schedule is made, a penalty of 4% of the excess amount is charged. Starting from month 37 of the loan term, no early-repayment penalty applies.

• In the case of refinancing: a penalty of 5% of the principal amount of the refinanced loan applies.

Loan Application Review Fee

In accordance with the Bank's current tariffs

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.

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.