Simple Business Loan (without assessment)

Get a Simple Business loan (without assessment, by pledging a property). The decisions are made quickly, within 2-4 days.

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Corporate
Loans
Business Loans
Simple Business Loan (without assessment)

Currency	AMD, USD, EUR
Borrowers	RA resident legal entities and individual entrepreneurs who are running registered activity for at least 6 months
Limits	Up to AMD 10.000.000 or equivalent in foreign currency
Provision method	Non-cash
Repayment period	6-60 months (without early payment penalty)
Annual interest rate	AMD	15 %
	USD	10%
	EUR	8%
Penalty for loan principal and/or interest overdue	For overdue principal - 0,015 % daily For overdue interest - 0.1% daily
Loan repayment security measure	Immovable property located I Yerevan, Vanadzor, Gyumri and Abovyan cities; apartment, plot (except for production areas) In addition to property pledge, at least one guanartee provided by a physical individual or legal entity might be required
Loan to value ratio	If the pledged property is located in Yerevan – up to 60% of the property value If the pledged property is located in Gyumri, Vanadzor, Abovyan cities – up to 50% of the property value
Fees	Loan account service fee – 1% of the loan amount, but not less than AMD 20,000, maximum AMD 50,000 In case if the loan amount is received in cash, a cash withdrawal fee is charged from the bank account according to the current tariffs.
Penalty for early repayment	Not charged
Restrictions	The total number of overdue days for the last 12 months should not exceed 30, and during that period the borrower should not have watch loans or those classified under stricter categories, During the past 24 months the borrower should not have classified loans, As of the inquiry date, the customer applying for a loan should not have a classified surety and overdue loans.

Warning:

If you do not pay the interest and loan amount on time, the mortgaged property may be SEIZED in accordance with the law, and your information will be recorded in the Credit Register (which may subsequently prevent you from receiving new loans).
In the case of repayment of obligations on the account of collateral as a result of non-fulfillment of credit obligations, if the value of the collateral is not sufficient to cover the credit obligations of the borrower, then we (according to the current legislation) have the opportunity to repay the loan obligations on account of your other property (if any).