Conditions
Loan purpose 
Loans provided for economic, commercial, service rendering, business expansion and development purposes.
Loan type
Commercial 
Loan amount 
AMD 100.000-2.500.000 and equivalent foreign currency for maximum 18 months, AMD 1.000.001-1.500.000 and equivalent foreign currency for maximum 24 months
Loan currency 
AMD, USD, EUR
Annual interest rate
 
Currency 12 month 18 month 24 month 30 month
AMD 14%
15%
16%
17%
USD 12%
13%
14%
15%
EUR 11%
12%
13%
14%
 
Loan term 
1-18 months  for  loans in AMD 100.000- 1.000.000 or  in equivalent foreign currency 1-24 months for loans in AMD 1.000.001- 1.500.000 or in equivalent foreign currency
Grant way 
Cash and cashless via MasterCard Business or ArCa Business plastic cards
Commission fee 
Flat fee - 2.5% of the loan amount 
The loan arrangement is realized
ARMECONOMBANK OJSC Head office and branches 
Decision period
Up to 1 working day 
Demands
Borrowers’ requirements
 Resident corporate entity.  Resident sole proprietor.
Negative decision grounds
 In case of defining the term of the business activity up to 6 months  At the moment of submitting an application about loan receipt, the borrowers has a loan in the amount of AMD 2.000.000 or equivalent foreign currency, which in not secured by real estate, gold/ gold items, monetary funds or vehicles.  At the moment of submitting an application on receiving a loan , the borrower has a loan exceeding AMD 15.000.000 or equivalent foreign currency  The borrower has had loan liabilities classified as '' non-performing'' in the last 2 years preceding the submission of a loan application.  During a year preceding the submission of a loan application the total amount of the recorded overdue days on borrower's loan liabilities exceed 20 days  Non- credibility of the presented documents  Unacceptable guaranty  Not submitting the required documents within the set terms  The customer's negative loan history  Other reasons which according to the Bank's assessment may hamper the loan repayment.
Redemption frequency and procedure
Monthly- Non-equally (differential), or annuitant in case of loan and equally in case of credit line.
Security
The guaranty of an individual (including sole entrepreneur) and/ or legal entity:  For loans up to AMD 1.500.000 or equivalent foreign currency a guaranty of at least one individual is required, who should submit a document on income source.  For loans up to AMD 1.500.001-2.500.000 or equivalent foreign currency at least a guaranty of 2 individuals is required, and at least one of them should submit a document on income source.
Penalties
For the overdue amount of any outstanding (loan, interest, other charges) term defined in the contract, a penalty of 0.13 per cent of the overdue amount is charged (daily).
Documents

Documents to be presented by legal entities 

1. Application form on receiving a loan

2. Authority's decision on borrowing,

3. Tax code (copy); TIN.

4. Charter

5. Legal entity's State Register certificate with all its annexes

6. Passports of managers, founders

7. State Register statement on amendments/the statement is provided after making a positive decision on loan receipt/

8. In case of joint stock companies, a statement given by State Register on amendments, as well as statement on shareholders from Central Depository

9. Copy of financial reports for the latest 6 months, approved (sealed or stamped) by applicable tax authority.

10. Agreement of a rented property or ownership certificate,/if any/

11. * Point the note '' Certified true copy'', the month and the year on the statements and sign it. If the borrower is a legal entity, the aforementioned statements shall be signed by the manager or an assignee of the legal entity with the round seal of the latter. 

Documents to be presented by sole entrepreneurs 

1. Application form on receiving a loan

2. Tax code (copy); TIN

3. State Register Certificate of sole entrepreneurs with all annexes/if any/

4. Passport or ID

5. Copy of financial reports for the latest 6 months (sealed or stamped or in electronic form) approved by RA applicable tax authority with the notification on the receipt and registration of the statement in tax authorities.

6. Agreement on a rented property or ownership certificate,/if any/

7. * Point the note '' Certified true copy'', the month and the year on the statements and sign it. If the borrower is a legal entity, the aforementioned statements shall be signed by the manager or assignee of the legal entity with the round seal of the latter. 

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Հավասարաչափ մարումներով
Results Արդյունք
N Վճարման ամսաթիվ Վարկի մնացորդ Վճարվող տոկոսագումար Մարում վարկից Ընդամենը վճարում
Մայր գումարի հավասարաչափ մարումներով
Results Արդյունք
N Վճարման ամսաթիվ Վարկի մնացորդ Վճարվող տոկոսագումար Մարում վարկից Ընդամենը վճարում
Updated: 26/10/2018 16:58