Business Loan

customer (activity)

Entrepreneur, Registered as Private or Legal Entrepreneur
(At least 6-month registration and activity)
(Including high value agriculture)

 

Purchase 

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

 

currency

AMD 

 

Term

minimum 12- maximum 48 month

 

Interest rate

   20%                                                                                                                                                    

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

 

Disbursemnet fee
(calculated before the loan disbursement, due to the scale from the loan term)*

min 3.5%, max 5% not more than 250 000 AMD  

interest payments

monthly  

 

Capital Amount Repayments

1.Monthly annuity payments

2.Individual Repayment Schedule Depending on the customer's specifications

 

Grace period

up to 3 months 

 

minimal amount

500 000 AMD 

 

maximal amount

7 000 000 AMD 

 

Security of Loan Recovery 6*

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 a  member of family of entrepreneur).

 
Pledger (Appendix 1) 3* 

prsented in Annex 1

 
Penalties, Fines (Annex 2) prsented in Annex 2  
Other provisions (Annex 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.