Business Supply Chain Financing Loan


citizenship of Armenia



current assets purchasing

fixed assets purchasing






maximum 24 month

maximum 60 month



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

   AMD` 18%-20%, USD` 8%-12%                                                                                                                                                       

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

Applicationfee 10 000 AMD  
Disbursement (determined by the scale of the loan term) 2%-4% of the contractual (principal) amount in a lump sum , minimum 20 000 AMD  

interest payments

monthly of loan's principal amount residual


principal repayments

monthly annuity payments


half-year regular payments


Individual repayment schedule, depending on the type of client activity feature


Repayment of principal

possible grace period

up to 3 months

up to 6 months


minimal amount

500 000 AMD or equivalent to USD


maximal amount

5 000 000 AMD or equivalent to USD


loan repayment security

up to 1 500 000 AMD loans 3 guarantors or pledge , for loans exceeding 1 500 000 AMD ` only pledge



real estate , land


loan/pledge maximum ratio

in urban areas 50% of the estimated liquidation value, in rural areas 30% of the estimated liquidation value


1. person applying for the loan

2. borrowers family members ( father, mother, wife, son)

(It is also seen cases of co-ownership)

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 7 weekday  
decision inform time 2 weekday  
Loan extension term 7 weekday (անշարժ գույքի գրավադրման դեպքում՝ ավելացում գրավի գրավադրման 4 աշխատանքային օրը)  
Factors for rejection of loan application

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

The application submitted credit facility does not meet ECLOF UCO's mission,

the customer is engaged in the types of activities not financed by the ECLOF UCO,

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

not kept the rules adopted for the selection of the customer and / or joining the group,

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

Loan registration place    
amending fee in case of approved application*** 15 000 AMD  
the same condition loan reconfirmation fee*** 15 000 AMD  

The current loan contract modification fee***

20 000 AMD


Collateral amendment application fee ***

50 000 AMD for every contract  

Customer demand to release any of the security measures ***

50 000 AMD  
reference to the subsequent Pledge Agreement*** 50 000 AMD  
collateral insurance*** can be set by the Credit Committee.  


The list of necessary documentation


Ընդանրական Թերթիկ


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 Անհատական թերթիկ 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 2017-03-09