Fast loan

Customer (activity)

agricultural / homecraft / entrepreneurial activities ECLOF borrower


current assets purchasing




maximum 24month


(Determined by the scale of  loan term  credit granting stage,  creditworthiness)


Attention this loan nominal interest rate can be modified by the company. *

Applicationfee 5 000 AMD
Disbursement  5% of loan amount in a lump sum

Interest payments

monthly of loan's principal amount residual

Principal repayments

monthly annuity payments

Grace period

not determinated

Minimal amount

300 000 AMD or equivalent to USD

Maximal amount

600 000 AMD or equivalent to USD

Loan repayment security


Penalty for overdue loan amount 0.3% of overdue loan amount for each overdue calendar day
Penalty for overdue interest 0.3% of overdue interest for each overdue calendar day
Early redemption penalty not defined
Method of lending cashless
Decision making time 3 weekday
Decision inform time 2 weekday
Loan extension term 7 weekday 
Factors for rejection of loan application

the customer has not submitted the necessary documents to obtain credit and other grounds

customer has and / or had the financial liabilities, which were repaid in unacceptable delays,

ECLOF UCO customer's creditworthiness is low or there are other risks accepted by ratings

Loan registration place

The list of necessary documentation

 General sheet


Attention  The interest payments are calculatedbased on nominal interest rate, and the annual interest rate shows how much the loan will cost for you in case of paying the interest payments and other fees during the stated period. The order of calculating annual factual interest rate you can find here.
Warning  The borrower and the surety with all their private property ( house, car, salary or other property) are equally responsible for their undertaken obligations in front of Eclof  UCO: The property of the borrower and/or the surety can be repossed by law if the borrower doesn’t make the interest payments and loan repayments on time.
Warning  If the borrower doesn’t duly make the principal repayments and interest payments on time, the appropriate information about The Borrower and the surety will be registered in  CB of RA and «ARCA»loan institution.
Attention  Before signing the loan agreement personal sheet  is provided according to the regulation N8/05 of Central Bank of Armenia      “Comunication discipline of consumer and creditor, the bank and the depositer, conditions, forms and minimum requirements”
ECLOF UCO all payments are made in cash.
** Overdue loan amount and penalties / fines accrued on overdue interest amount is limited to the sum of 30% of the loan balance and interest on the overdue amount.
*** The loan committee may be set to be made more stringent requirement
Updated on 25.06.16