Minimum loan amount
Foreign currency equivalent to AMD 100.000
Maximum amount of the loan - 90% of the invoice of the export, but no more than the insurance money after being reduced by non-refundable amount.
Annual interest rate
The maximum term of the loan - the repayment term of the receivables plus 180 calendar days, but no more than 12 months.Minimum term - 1 months
Loan redemption frequency and procedure
Redemption of the Principle- at the end of the deadline.Redemption of interests - monthly
Accounts receivable as collateral.Guaranty of founders
Loan to pledge value ratio
Maximum - 90%
The loan arrangements is realized
ARMECONOMBANK OJSC Head office and branches
For large loans up to 25 working days.For medium, small and micro loans up to 20 working days (in case of collateral the loan is provided within 2 working days following the receipt of registration right over the pledge).
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).