About us
Tariffs
Loans to legal entities

Loans to legal entities

Loans for legal entities

Lease

Currency	AMD, USD, Euro
Leaseholders	RA resident and non-resident legal entities and sole proprietors
Options for acquiring lease asset	The lease asset may be acquired both in RA and abroad, in primary and secondary markets
Lease limits	AMD 5,000,001-AMD 1,000,000,000 or equivalent amount in foreign currency
Advance payment	Minimum 10%
Repayment period	6-72 months depending on the type of lease asset
Repayment method	Annuity plan Springy plan Contractual
Annual interest rate	AMD - starting 10.5% USD - starting 8% Euro - starting 6%
Penalties charged for overdue lease principal and interest	For overdue lease principal - 015% per day For overdue lease interest - 0.1% per day
Penalty charged for lease prepayment	In case of prepayment of the lease amount prior to the end of the first half of the lease period, a penalty is imposed at 5% of the amount exceeding the monthly lease principal as specified in the repayment schedule. In special cases pursuant to the Bank’s competent body’s decision, the penalty rate may be changed.
Security	Sureties – as appropriate Property/property interest collateral – as appropriate In certain cases when the transaction involves high risks – other assets may be required as collateral
Fees charged	A lump-sum fee for review of lease application - AMD 20,000 A lump-sum fee charged from lease amount - 0.4-1%, but not more than AMD 500.000
Fee for transfer of title per agreement, irrespective of the number of assets	AMD 10,000
Revision of lease terms and conditions	AMD 15,000
Consent to sublease	AMD 50,000
Annual insurance of leased item	Throughout the lease period based on the outstanding lease amount

The final terms and conditions of the lease, particularly, the repayment period and interest rate depend upon the type of the leased item, supplier, business features and other risks.

Terms and Conditions of Lease under the RA Government’s Measure for Economic Upgrading

Scope of business entities

Private commercial organizations or sole proprietors registered and doing business in RA (except those carrying out licensed activities, and those engaged in public health, transportation and education areas or the state participation commercial entities), which meet all the below-mentioned criteria:

1) have a positive credit history, i.e. according to ACRA Credit Bureau, for the 12 months preceding the loan/lease application date, the total number of days the loan liabilities remained overdue did not exceed 30;

2) have a positive tax return history, i.e. the overdue tax liabilities as of the date preceding the date of loan/lease application did not exceed 1% of the grand total of tax liabilities repaid from the Treasury single account during the previous year, paid state duties and balance of the treasury single account as at December 31 of the previous year.

Purpose

It is tailored for purchase or import of brand new (not put to use) equipment providing that the agreement was made after February 1, 2021 and the mentioned equipment and machinery are intended for organization or expansion of manufacturing process in Armenia.

Time-period

Type	Loan/lease amount	Subsidy period	Loan/lease period
Machinery, equipment, components	Up to AMD 200 million in equivalent foreign currency	Up to 42 months	Up to 120 months
Machinery, equipment, components	Over AMD 200 million in equivalent foreign currency	Up to 36 months	Up to 120 months

Grace period

Grace period for repayment of the loan/lease principal – up to 6 months, while:
In case of loans/lease in foreign currency – up to 3 months
No fines and penalties will be imposed for prepayment of the loan/lease denominated in foreign currency.

Subsidy rate:

AMD - 10%
Foreign currency - 8%

The measure will be effective till December 31, 2024.