Loans to legal entities

Bank guarantees

Currency

AMD or foreign currency

Limit

 

Up to AMD 10,000,000 or equivalent in foreign currency for guarantees provided to physical individuals

Up to AMD 500,000,000 or equivalent in foreign currency for guarantees provided to legal entities and individual entrepreneurs

Terms

Repayment period of 2 years for guarantees provided to physical individuals

Repayment period of 3 years for guarantees provided to legal entities and individual entrepreneurs

Annual nominal interest rate

1-4%  annual

Overdue interest penalty

0,3% daily

Fees

  • For guarantees provided to physical individuals, if the interest to be charged does not exceed AMD 10,000 for the actual or full period of the guarantee, then one-off fee of AMD 10,000 is debited from the principal
  • For guarantees provided to legal entities and individual entrepreneurs, if the interest to be charged does not exceed AMD 20,000 for the actual or full period of the guarantee , then one-off fee of AMD 20,000 is debited from the principal