Conditions
Loan Purpose 
 
Business expansion and development 
 
 Loan minimum amount 
   
 AMD 100.000 or equivalent currency  
 Loan currency 
 
AMD  
 
Annual interest rate and the term of commercial loans 
 
Annual interest rate Term
11-13% 1-60 months
 
Annual interest rate and the term of commercial credit line 
 
Annual Interest rate Term Annual interest rate against the unused balance
13-15% 1-36 months 1%
 
Annual interest rate, term and commission fee of commercial loans/Easy/
 
Annual interest rate Term Commission fee
12-15% 12-36 months 1%
 
Annual interest rate, term and commission fee of commercial loans/Easy+/
 
Annual interest rate Term Commission fee
12-15% 12-36 months 0.5%
 
 For tourism companies 
 
Commercial loans /Easy/ Commercial loans /Easy+/ Commercial loans
Annual interest rate Term Commission fee Annual interest rate Term Commission fee Annual interest rate Term  
12-14% 12-36 months 1% 12-14% 12-36 months 0.5% 11-12% 1-60 months  
 
Business plastic cards 
 
Arca, Master, Visa plastic cards are provided at a 50% discount against the annual service fee available at that moment.
 
Account management through «Home bank» (account service fee of the device) system
 
50% discount 
Payroll project 
 
Visa Classic, Master Standard, Arca Classic payment cards are provided at a 50% discount against the annual service fee available at that moment Credit line for employees – annual interest rate starting from 14% For the companies’ directors and private entrepreneurs Visa Gold and MasterCard Gold cards are provided without the annual service free, and  VISA Platinum cards are granted 50% discounted from the acting annual service fee 
   In order to learn the terms of other loans provided within the framework of ‘’Women in business’’ commercial loan please visit the relevant sections:  
Commercial loan   
Commercial credit line  
Commercial loan / Easy/  
Commercial loan / Easy+/  
Demands
Requirements to borrower
The Chief Executive Officer (managers) of a company shall be a woman (women) and/or the company or a part thereof shall be owned by a woman /women/.
Loan redemption frequency
Monthly,
Annually-equally (annuitant)
or non-equally (differential)
Guaranty
By any assessment organization having a license designated by RA legislation and cooperating with the Bank according to the tariff determined by the latter, which may vary from 0.15 to 0.25% depending on collateral type. The minimum amount of the loan and the maximum of assessed value of the collateral are taken as a basis for the insurance.
Pledged estate appraisal
In case of real estate and chattel the assessment is realised by any assessment organization having a license designated by RA legislation according to the tariff determined by the latter.
Negative decisions grounds
Inadequacy of the customer’s financial condition analysis results to the standards of this procedure and other internal legal acts at the moment of applying.
Insufficient profitability and high risk of the presented project.
Insufficient argumentation of the loan purpose.
Non-credibility of the presented documents.
Insufficient liquidity of loan security.
Pollution or damage to the environment caused by customer’s activity.
Other reasons which according to the Bank assessment will hamper the loan repayment.
Customer’s negative credit history can also serve as a basis for negative conclusion on loan lending.
Penalties
A penalty in the amount of 0.13% (daily) of the unpaid amount for each overdue day is applied against the amounts (loan, interest, other payments) not paid within the term(s) set forth by the Agreement.
Attention ! If an early repayment is made in the amount exceeding 20% of the Principle balance as of the first day of each month (which goes not include repayment of the part of the loan envisaged by the repayment schedule of the given month) without the Bank's written consent, a penalty in the amount of 5% of the early repaid amount exceeding 20% of the balance of the Principle is applied Attention! As an additional loan security means, the Bank may also require the guaranty of one or more persons.
Documents
NoteDocuments to be presented by legal entities 
Punct1. Copy of State Register certificate, transcript on the executive authority is mandatory or a statement given by Unified State Register (the latter may not be required if the Bank receives the given information electronically in defined order). 
Punct2.State Register statement on participants, replacement of the director, and amendments to charter (the information may not be required if the Bank receives the given information electronically in defined order). In case of joint stock companies, statement on shareholders from Central Depository of Armenia OJSC and State Register statement on replacement of the director, and amendments to charter (the information may not be required if the Bank receives the given information electronically in defined order). 
The documents listed in paragraph 2.1 are not required for corporate entities in case where the decision on borrowing may be made by the director.
Punct3.Charter (reviewed) (the document may not be required if the Bank receives the given information electronically in defined order),
Punct4. Authority's decision on borrowing, and pledging property (necessary if the information listed in paragraph 2 is required). ,
Punct5.Set of financial reports for the latest accounting period. If necessary, approved (sealed or stamped) by applicable tax authority (copy).,
Punct6. Statement of settlements with State budget or statement on liabilities to State budget from the tax authority of relevant location (mandatory for loans exceeding AMD 10 mln or foreign currency equivalent thereof).
Punct7. List of fixed assets (if necessary).
Punct8. Tax code (copy); TIN.,
Punct9. Licenses (copy), if any,
Punct10. Passport (copy),
Punct11. Documents supporting the ownership right to the property offered as loan security.
Punct12. In case of collateral owned by individual, certificate of marriage (divorce, death of spouse).
Punct13. Bank account statement (if necessary).,
Punct14.Statement of accounts receivable and payable (with breakdown if necessary)
Punct15. Statement on ban from Real Estate Cadastre Department (after lending decision).
NoteDocuments to be presented by sole entrepreneurs
Punct1. Copy of State Register certificate, transcript on the executive authority is mandatory or a statement given by Unified State Register (the latter may not be required if the Bank receives the given information electronically in defined order).
Punct2.Tax code (copy); TIN
Punct3. Set of financial reports for the latest accounting period. If necessary, approved (sealed or stamped) by applicable tax authority (copy).
Punct4. Statement of settlements with State budget or statement on liabilities to State budget from the tax authority of relevant location (mandatory for loans exceeding AMD 10 mln or foreign currency equivalent thereof).
Punct5. Licenses (copy), if any. 
Punct6. Passport (copy),
Punct7. Documents supporting the ownership right to the property offered as loan security.
Punct8. In case of collateral owned by individual, certificate of marriage (divorce, death of spouse).
Punct9. Bank account statement (if necessary). 
Punct10.Statement of accounts receivable and payable (with breakdown if necessary)
Punct11.Statement on ban from Real Estate Cadastre Department (after lending decision).):
Updated: 07/11/2018 10:53