Business credits

Credit product N1

Credit currency	AMD	USD		EUR
Maximum credit amount	6,000,000	15,000		15,000
Minimum credit interest rate	18%	16%		13%
Credit interest is computed on the credit reduced reminder. During the validity of the credit contract the Bank does not change the nominal interest rate if the borrower does not break terms of the contract.
Maximum credit period	48 months
Collateral form	Real estate Attention In case of interest and credit amount repayments not in time, the pledged property can be confiscated and the information on the borrower will be registered in the Credit Register. In case of credit debts not fulfillment and debts repayment at the collateral 's expense, it is possible debts repayment at the expense of the other property of the borrower if the collateral is not enough to cover borrower’s credit debts.
Credit repayment order	1.On monthly basis, the main debt in equal instalments. 2. Interest repayment on monthly basis Preterm credit repayment is allowed without any limits. In case of credits provision in foreign currency, foreign currency exchange flow can make its influence in the credits repayments.
Commission	0.1% from credit amount
Credit product N2
Credit currency	AMD
Credit amount	6,000,001-15,000,000	15,000,001-100,000,000
Minimum credit interest rate	17%	16%
Credit interest is computed on the credit reduced reminder. During the validity of the credit contract the Bank does not change the nominal interest rate if the borrower does not break terms of the contract.
Maximum credit period	48 months
Collateral form	Real estate Attention In case of interest and credit amount repayments not in time, the pledged property can be confiscated and the information on the borrower will be registered in the Credit Register. In case of credit debts not fulfillment and debts repayment at the collateral 's expense, it is possible debts repayment at the expense of the other property of the borrower if the collateral is not enough to cover borrower’s credit debts.
Credit repayment order	1.On monthly basis, the main debt in equal instalments. 2. Interest repayment on monthly basis Preterm credit repayment is allowed without any limits.
Commission	0.1% from credit amount
Credit product N3
Credit currency	USD		EUR
Credit amount	15,001-50,000		15,001-50,000
Minimum credit interest rate	15%		12%
Credit interest is computed on the credit reduced reminder. During the validity of the credit contract the Bank does not change the nominal interest rate if the borrower does not break terms of the contract.
Maximum credit period	60 months
Collateral form	Real estate Attention In case of interest and credit amount repayments not in time, the pledged property can be confiscated and the information on the borrower will be registered in the Credit Register. In case of credit debts not fulfillment and debts repayment at the collateral 's expense, it is possible debts repayment at the expense of the other property of the borrower if the collateral is not enough to cover borrower’s credit debts.
Credit repayment order	1.On monthly basis, the main debt in equal instalments. 2. Interest repayment on monthly basis Preterm credit repayment is allowed without any limits. In case of credits provision in foreign currency, foreign currency exchange flow can make its influence in the credits repayments.
Commission	0.1% from credit amount
It is also possible the provision of revolving line of credit- current interest rate + 1%:
Credit product N4
Credit currency	USD		EUR
Credit amount	50,001-100,000		50,001-150,000
Minimum credit interest rate	14%		12%
Credit interest is computed on the credit reduced reminder. During the validity of the credit contract the Bank does not change the nominal interest rate if the borrower does not break terms of the contract.
Maximum credit period	60 months
Collateral form	Real estate Attention In case of interest and credit amount repayments not in time, the pledged property can be confiscated and the information on the borrower will be registered in the Credit Register. In case of credit debts not fulfillment and debts repayment at the collateral 's expense, it is possible debts repayment at the expense of the other property of the borrower if the collateral is not enough to cover borrower’s credit debts.
Credit repayment order	1.On monthly basis, the main debt in equal instalments. 2. Appropriate schedule with unequal monthly instalments Appropriate schedule of repayments is possible only for the businesses which carries pronounced seasonality. 3. It is possible partial repayments prolongation if the necessity is proved. 4. Interest repayment on monthly basis. 5. Preterm credit repayment is allowed without any limits. In case of credits provision in foreign currency, foreign currency exchange flow can make its influence in the credits repayments.
Commission	0.1% from credit amount
It is also possible the provision of revolving line of credit- current interest rate + 1% /up to 60 months/:

Credit product N5

Credit currency	USD	EUR
Credit amount	100,001-300,000	150,001-300,000
Minimum credit interest rate	13%	11.5%
Credit interest is computed on the credit reduced reminder. During the validity of the credit contract the Bank does not change the nominal interest rate if the borrower does not break terms of the contract.
Maximum credit period	60 months
Collateral form	Real estate Attention In case of interest and credit amount repayments not in time, the pledged property can be confiscated and the information on the borrower will be registered in the Credit Register. In case of credit debts not fulfillment and debts repayment at the collateral 's expense, it is possible debts repayment at the expense of the other property of the borrower if the collateral is not enough to cover borrower’s credit debts.
Credit repayment order	1.On monthly basis, the main debt in equal instalments. 2. Appropriate schedule with unequal monthly instalments Appropriate schedule of repayments is possible only for the businesses which carries pronounced seasonality. 3. It is possible partial repayments prolongation if the necessity is proved. 4. Interest repayment on monthly basis. 5. Preterm credit repayment is allowed without any limits. In case of credits provision in foreign currency, foreign currency exchange flow can make its influence in the credits repayments.
Commission	0.1% from credit amount
It is also possible the provision of revolving line of credit- current interest rate + 1%.

Purpose	Any purpose connected with business, including repayment of current credits in other banks.
Credit provision order	Credit – provision of financial means to the borrower’s banking account for a fixed period, via single or gradual remittance. Opening revolving line of credit is possible.
Credit amount/ Collateral market value	70%
Requirements to borrower, depositor, and founder	Legal person Private entrepreneur Actual activity period –12 months. Absence of negative current credit history. Business actual activity period is a period within which the actual founders of the business realized their business activity
Collateral valuation	The collateral must be evaluated by independent licensed company.
Collateral insurance	Collateral insurance is obligatory.
Required documents
There is presented simplified circulation of documents for the credits up to 50,000 USD and 20,000,000 AMD 1. Application form 2. Business simplified analysis 3. Registration certificate of ownership for collateral 4. Preliminary letter of collateral valuation 5. Photos of the business (minimum 5 pieces) and collateral (minimum 5 pieces). Credit dossier (ACRA Credit Bureau) of the borrower, depositorfounders of the business (if there is no data on the founders in the credit report of the borrower)
The documents are presented to the current order of the Bank in the cases of credits, beginning from 50,001 USD and 20,000,001 AMD Application, business description, registration certificate and etc.

Penalties

1. In case of delaying the overdue payment of the principal sum or interest, the interest rate is increased by 1%.

2. For non-fullfillment of the obligations for monthly credit turnover, the interest rate is increased by 1%.

3. For non-submission of the documents proving the target use of the credit the interest rate in increased by 1.5%.

4. For non-informing the Bank about concluding credit contracts, loan agreements, loan coverage with third parties, the interest rate is increased by 0.5%.

5. For non-submitting annual balance-sheet (priot to 1 May form 1, 2) interest rate is increased by 0.5%.

6. For non-informing the Bank about any change in contact details (name, founders’ staff, information about the manager and chief accountant, address, residence, actual and postal address, telephone numbers, available and newly opened banking account), the interest rate is increased at 0.5%.

7. Starting from the moment the credit is granted, within 7 calendar days, the customer must insure the collateral as agreed in the credit contract, in accordance with the market cost evaluated by the independent licensed company In case of not insuring the collateral as preliminarily agreed, the interest rate in increased at 3%.

8. The Bank is entitled after each calendar year having studied the customer’s business and the current market situation to introduce additional commision for the current year, but not more than 2% of the remainder of the credit liabilities.

Fines

In case of delaying the overdue payment of the principal sum and/or interest, the penalty is charged at 0.2% per each delayed day.

The Bank makes decision about a credit application within 15 working days, after the customer produces all necessary documents to the Bank.

The Bank informs the client about its decision on the credit application within one working day.

The credit is granted to the customer within 5 working days.

Business credits

General conditions

Additional information

Penalties and fines

Credit application consideration period