Individual Loan

Customer

Physical person,
housekeeper engaged in agriculturing

 

Purpose 

Purchase of working and fixed capitals and/or capital reconstruction and

or other repayment

 

Currency

AMD

 

Term

minimum 18 months

maximum 48 months

 

Interestrate

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

   AMD` 20%                                                                                                                                                       

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

 
Applicationfee 0 AMD  
Disbursement (determined by the scale of the loan term) min 3.5 %, max 5 % not more than 250.000 AMD  

Interest payments

monthly

 

Principal repayments

monthly annuity payments

 

up to 18 months 6 months per year (annual maximum)

 

Individual Repayment Schedule Depending on the customer's specifications

 

Minimal amount

500 000 AMD 

 

Maximal amount

7 000 000 AMD 

 

Security of Loan Recovery 5*

1. 3 guarantor  (Moreover, 1 guarantee is family member, father, mother, wife, child). One of guarantors must be the same family member.In case of necessity, it may be required as a variety of additional security, movable property, plus guarantees. In case 2.000.001 - 7.000.000 AMD  pledge or 2 guarantors (And in all cases one  guarantor will be entrepreneur's family member).

 

Pledge 3*

1. physical person filing a loan application
2. 1st class family member of physical person (father, mother, wife, child)
(The case of the right of joint ownership is also observed)

 

Penalties, Fines (Annex 1)

iprsented in Annex 1

 
Other provisions (Annex 2)

prsented in Annex 2

 
Not financed (Appendix 3) prsented in Annex 3  

 

  1* The purpose of the loan is to replenish working capital and / or repayment of fixed assets and / or capital repairs and / or other liabilities
  2* The loan may be extended for a period exceeding 36 months, repayment of fixed assets and / or capital repairs and / or other liabilities.
  3* 1 person / physical person who is applying for a loan
2 the owner or director of his personality,
3 family member (father, mother, wife, child)
4 physical person client family member (father, mother, wife child)
(the case of the right of joint ownership is also observed)
  4* SME loans are provided as follows:
Branches, Manufacturing, Service, Retail
In the target communities SME developed support
  5* One of guarantors must be the same family member.In case of necessity, it may be required as a variety of additional security, movable property, plus guarantees. Minimum requirements for the guarantor are the loan amount comparable fixed income  (salary business, etc.) and / or liquidity property (vehicle, real estate).
  For all loans where collateral is required, the rate of loan amount and estimated collateral (liquid) ratio can not exceed 50% in urban areas, 30% in rural areas
  6* The repayment term is set for the entire loan term, which can be provided no more than 6 months per annum, without interruptions.
  7* A 21-year-old physical person
  8* The number of parallel and non-collateral loans in the ECLOF can not exceed 2 credits and ≤ 2 000 000 AMD .Represented customers are ECLOF, one or more stages, at least 6 months of repayment.