Loans to legal entities
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- Business loan
- Micro business loan
- Revolving credit line
- Small and medium business lending
- Lending to small and medium enterprises, Partner
- Non-repayable credit line
- Account lending
- Loans GAF - Energy Efficiency for SMEs Program
- Simple business loan (without assessment)
- Simple business loan (with simplified assessment)
- Economic Modernization Measure (effective till December 31, 2023)
- Evoca GO
- Loans, Renewable Energy and Energy Saving Program
- Bank guarantees
- Factoring financing
- Terms of payroll projects
- Micro, Small and Medium-Sized Enterprise Financing by KFW Development Bank
- Loans for Small and Medium-Sized Businesses “Liquid+”
- Lease
- Combined credit line terms in the framework of payroll projects
- Business overdraft based on POS-terminal turnover
Account lending
|
Currency |
AMD, USD, EUR |
|
Borrowers |
Bank Customers of at least one year |
|
Purpose |
Salary payment, repayment of liabilities towards the state budget, custom clearance of the imported goods, payments for the goods that are on the way and similar purposes |
|
Limit |
Up to 30% of the annual turnover of borrower’s account |
|
Provision method |
Non-cash |
|
Repayment period |
Up to 180 days |
|
Interest rate |
Starting from 12.5% for AMD, starting from 8% for USD, starting from 7% for EUR |
|
Penalty for loan principal and/or interest overdue |
|
|
Early payment penalty |
|
|
Security |
The Bank is entitled without further authorization by the borrower to debit the Borrower’s debt from the funds available on the borrower’s account. The right is also stipulated within the account crediting agreement. |
|
Fees |
Credit account service fee in the amount of 0.5% of the loan amount, but not less than 20,000 AMD, maximum 100,000 AMD. 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. |
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).
