Lines of credit |
| Loan currency | AMD, USD, EURO Introduction Fluctuations of foreign currency can have impact on the repayments of credit |
| Loan amount | Minimum AMD 6.000.000 Minimum USD 15.000 Minimum EURO 10.000 Maximum: up to the allowed standard limit of maximum amount of single borrower exposure defined by the CBA |
| Loan maturity | 1-36 months |
| Fees charged by the Bank for loan processing | Account opening amount, account encashment commission fee
Additional one-off account service fee (is charged upon loan provision)*
*The additional one-off account service fee of loans in foreign currency is charged in AMD and is calculated as of the day of the loan provision at relevant exchange rate determined by the CBA. In case if 90% and more portion of the loan is secured by the funds in the same currency, the additional one-off account service fee is not charged. |
| Annual nominal interest rate | AMD: 18 – 23% USD, EURO: 14-20% Interests are calculated on the outstanding portion of the line of credit: 1-3% annually Non-interest lending days are not envisaged. |
| Pledge |
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| Maximum loan/pledge value correlation ratio | 80% |
| Guarantee | Guarantee of partners, essential shareholders/participants and parties related to them, family members, other physical or legal entities |
| Property insurance | Insurance of temporary or permanent unemployment risk of the collateralized property and/or organization managers and/or founders might be required by the decision of the Bank. |
RA resident legal entity, private entrepreneur
Replenishment of current assets
- Acquisition of goods and services
Investment purpose
- Acquisition of equipment, renovation, modernization
- Acquisition of transportation means, renovation
- Acquisition of trade areas, renovation
Other purposes in terms of business enhancement
- Repayment of the account receivable
- Implementation of investment projects
Miscellaneous purposes not contradicting the RA legislation as well as agreements concluded with the creditor organizations of the bank.
- Trade
- Service
- Production
- Existence of paying functioning business (3 months)
- Positive or neutral credit history
- Transparency of activity
- Sufficient income
- Existence of property
- Additional collateral and/or guarantee
*Lending of venture business is also implemented as an exception in cases envisaged by the internal legal acts of the Bank.
- Insufficient incomes for the repayment of the loan
- Provision of incredible data by the customer
- Negative credit history
- Risk-exposed sphere of customer’s income source
Up to 10 business days since the moment of receiving the package of required documents
Loan extension term: 10 business days after making the decision on providing a loan
30 days
Non-cash, via the account of the customer opened in the Bank
- repayment of the principle amount at the end of the term,
- equal repayments of the principal amount during the last 3-12 months,
- individual repayment schedule on each provided tranche
There are no limitations; no penalties are exercised
Fee for changing the loan conditions or collateral based on the application by the customer: AMD 50 000
Introduction
Loans secured by funds (for example the deposit) are extended at the following interest rate: interest rate of the collateralized deposit + annual 5%, but not less than
• In case of a deposit in USD - 12%
• In case of a deposit in EURO - 12%
• In case of a deposit in AMD - 15%:
ATTENTION:
THE NOMINAL INTEREST RATE OF THIS LOAN CAN BE CHANGED (DECREASE OR INCREASE) BY THE BANK
The change of the interest rate is stipulated by the additional agreement concluded between the Bank and the Customer. If the Customer does not agree with the change of the interest rate, the Bank reserves the right to unilaterally prematurely terminate the loan agreement and claim to return the full principle amount of the extended loan and pay the calculated interests and penalties.
Irrelevant of the size of the fee defined by the Bank, the interest rate of the loan (borrowing) cannot exceed the double amount of the bank interest rate defined by the Central Bank of Armenia.
The interest rate is applied on the reducing balance of the loan based on the 360 or 365 day-in-a-year calculation.
Ժամկետանց պարտավորությունների մարում Յուրաքանչյուր ժամկետանց օրվա համար հաշվարկվում է տույժ չմարված գումարի 0.2-ի չափով` սկսած կետանցի առաջին օրվանից:
Ծանոթություն. Տոկոսագումարների և վարկի գումարի մարումները ժամանակին չկատարելու դեպքում գրավադրված գույքը կարող է առգրավվել, իսկ վարկառուի մասին տեղեկատվությունը կգրանցվի վարկային ռեգիստրում: Վարկառուի կողմից պարտավորությունների չկատարման դեպքում գրավի հաշվին պարտավորություն¬ները մարելու դեպքում գրավը բավարար չլինելու դեպքում հնարավոր է պարտավո¬րությունների մարում վարկառուի այլ գույքի հաշվին:
 | 5 | 107,950.00 |
| | 10 | 208,820.00 |
| | 20 | 407,650.00 |
| | 50 | 991,490.00 |
| | 100 | 1,977,100.00 |
| | 250 | 4,918,300.00 |
| | 500 | 0.00 |
| | 1000 | 19,595,000.00 |
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Rates
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Cash
| Buy | Sell | |
| USD | 413.00 | 416.50 |
| EUR | 532.00 | 539.50 |
| RUR | 13.12 | 13.48 |
Clearing
| Buy | Sell | |
| USD | 413.00 | 416.50 |
| EUR | 532.00 | 539.50 |
| RUR | 13.17 | 13.48 |
| XAU | 18,100.00 | 18,700.00 |
Card
| Buy | Sell | |
| USD | 412.50 | 417.00 |
| EUR | 530.00 | 540.00 |
| RUR | 13.00 | 13.55 |
Gold
| Buy | Sell | |
| USD | 413.00 | 416.50 |
| EUR | 532.00 | 539.50 |
| RUR | 13.17 | 13.48 |
| XAU | 18,100.00 | 18,700.00 |
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Calculators
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Attention:
In case of any discrepancies between the two language versions of the published information, the Armenian version shall prevail.
For correctness and validity of the referred sites, for advertisements contained in them and possible consequences arising from the use of information the Bank carries no responsibility.
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