Loans to legal entities

1.       

Currency

AMD, USD, Euro

2.      

Eligible borrowers

RA resident and non-resident legal entities and sole proprietors

3.      

Purpose

Capital investments, project financing or replenishing working capital

4.      

Loan limit

Up to AMD 1,000,000,000 or equivalent amount in foreign currency

5.      

Loan disbursement method

In cash or non-cash manner

6.      

Loan term

Up to 5 years 

1.       

Repayment method

Each loan under the line of credit can be repaid in the following manner:

• In a lump-sum, at the end of the loan term,
• Under the “Annuity” plan,
• Under the “Springy” plan,
• Parties may agree on another repayment schedule

2.      

Interest rate per annum

For AMD - starting from 12.5%, USD - starting from 8%, Euro – starting from 7%.

3.      

Penalty for late payment of principal and interest

• Past due principal - 0.015% per day
• Past due interest - 0.1% per day.

4.      

Collateral

• Movable and real property,
• Funds in deposit and current accounts,
• Working capital, finished goods,
• Standardized bullions of gold or gold scrap, precious metals,
• Short-term government bonds or other securities.

5.      

Fees

• Fee for loan account service – 0.5% of the loan amount, but not less than AMD 20,000 and not more than AMD 100,000.
• In case of cash loans, the encashment fee should be charged according to Bank’s tariff rates.

6.      

State duties and other payments

• State duties charged by Armenian competent state bodies for notarial certification and registration of the collateral agreement.
• Collateral appraisal fee according to the tariff rates set by independent appraisal companies which cooperate with the Bank.