Conditions
Loan purpose
 
Replenishment of fixed assets
Loan amount
 AMD 1.000.000-6.000.000
Loan currency
 
AMD
Annual interest rate
 
11-12%.
Loan term
From 6-48 months
Security
 
At least the guaranty of 2 persons and collateral of real estate or chattels. The appraised value of the evaluated estate should make at least 50% of the loan amount.
Pledge
 
pledge acceptable by the Bank
Commission fee
 
Flat fee 1.5% of the loan
Valuation tariff
 
Upon the tariffs set by any assessment having a license designated by the RA legislation
Loan arrangement is realized
 ''ARMECONOMBANK '' OJSC branches and head office
Demands
Borrower requirements
Resident Individual. Legal entity.
Loan redemption procedure
Monthly. Equally (annuitant), or Non-equally (differential), At the end of tenor.
Guarantee
Collateral of chattels is subject of mandatory insurance.In case of real estate the insurance is realised based on Bank's requirement. The Security is realised by the insurance company licensed by RA CB, according to the tariff set by the latter. Insurance is made based on the minimum amount of the pledged estate assessed value and loan amount.
Negative decision grounds
Negative assessment of the customer’s financial condition. Insufficient profitability of the presented project, insufficient argumentation of the loan purpose. Non-credibility of the presented documents. Unacceptable guarantee. Not presenting the required documents within the predefined timeframe Negative conclusion of the loan register. Other basic reasons which according to the Bank assessment will hamper the loan repayment.
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).
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 does 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.
Documents

1. Copy of State Register certificate, transcript on the executive authority is mandatory;
2. State Register statement on participants, replacement of the director, and amendments to charter. 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;
3. The documents listed in paragraph 1 are not required for corporate entities in case where the decision on borrowing may be made by the director;
4. Charter (reviewed);
5. Authority's decision on borrowing, and pledging property (necessary if the information listed in paragraph 2 is required);
6. Set of financial reports for the latest accounting period. If necessary, approved (sealed or stamped) by applicable tax authority (copy);
7. List of fixed assets (if necessary);
8. Tax code (copy); TIN;
9. 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);
10. Statement of accounts receivable and payable (with breakdown if necessary);
11. Documents supporting the ownership right to the property offered as loan security;
12. Licenses (copy);
13. Passport (copy);
14. In case of pledging real estate, ownership certificate (copy);
15. In case of collateral owned by individual, certificate of marriage (divorce, death of spouse);
16. Bank account statement (if necessary);
17. Agreement (copy) with supplier and invoice for import of goods;
18. Statement on ban from Real Estate Cadastre Department (after lending decision).

Documents to be presented by sole entrepreneurs
1. Copy of State Register certificate,
2. Tax code (copy); TIN.
3. Statement of settlements on liabilities to State budget (mandatory for loans exceeding AMD 10 mln or foreign currency equivalent thereo
4. Statement of accounts receivable and payable (with breakdown if necessary).
5. Documents supporting the ownership right to the property offered as loan security. 
6. Licenses (copy).
7. Passport (copy).
8. Certificate of marriage (divorce, death of spouse) (copy).
9. In case of pledging real estate, ownership certificate (copy).
10. Bank account statement (if necessary).
11. Agreement (copy) with supplier and invoice for import of goods.
12. Statement on ban from Real Estate Cadastre Department (after lending decision).

Հաշվիչ
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: 03/05/2018 12:41