Purpose

Agricultural products production, reprocessing and etc.

Requirements to borrower

The funds must be directed to the agricultural  and not agricultural  micro-businesses  development, rural small and medium businesses and legal persons  financing .

Minimum 80% of credit sum must be directed to the capital investments and main funds acquisition.

The crediting is realized in the thorough territory of Rebublic of Armenia, with the exception of Yerevan city.

Spheres not subject to the crediting

- Apartment building or restoration

- Debth repayment to the Banks or third persons

- Cigarrette and  cigarette products production, reprocessing and trade

- Wholesale trade activity not relared to the agriculture or  other neighbouring spheres

- Consumer needs

- Metal trade, oil trade

-Toxic-chemical sale purchase, if there are not acceptable from the point of RA environmental protection

Credit provision order

Credit – provision of financial means  to the  borrower’s banking account for a fixed period, via single or gradual remittance.

Credit currency

USD

Maximum credit  sum

150 000 USD

Commission

0.1% from credit amount

Minimum credit annual interest rate

10%

Maximum credit period

7 year

It is possible the provision for privileged period up to 18 months.

Envisaged credit period for turnover means acquisition  is determined maximum 18 moths

Borrower’s investments  at the expense of personal funds

To the 20% of programm value, meanwhile investments can be both in AMD and in the form of property.

The value of the property is determined by  Bank.

Collateral form

Basic collateral –real estate

Additional collateral-car, main funds and other confiscated property 

Attention!
In case of interests amount and credit amount repayments not fulfillment 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 expense of collateral  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

Repayment order

Required documents

According to the current order of the Bank