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Small agro

Small agro

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ARARATBANK offers small agro business loan to finance agricultural expenses.

  • Interest rate

    10, 12 % AMD minimum 12%, USD minimum 10%

  • Period

    Maximum 48 months, maximum 60 months depends on loan purpose

  • Maximum amount

    AMD 100,000,000 or equivalent USD

  • Currency

    AMD, USD

Conditions
Loan purpose                 Replenishment of working capital, financing of current agricultural expenses, acquisition of fixed assets, investments in fixed assets, repayment of accounts payable

Loan amount   From 20,000,001 up to 100,000,000 Armenian drams or equivalent currency
Loan maturity Maximum 48 months Replenishment of working capital, financing of current agricultural expenses   
Maximum 60 months Acquisition of fixed assets, investments in fixed assets, repayment of accounts payable
Loan repayments Annuity or flexible payment, proceeding from the peculiarity of activity, maturity of the loan under consideration and cash flows of the potential borrower (For the loans disbursed under the flexible repayment schedule, a grace period can be set out for the whole period of lending, provided that the borrower shall repay the accrued interests for 6 months)

Loan interest rate Annual nominal interest rate accrued over the outstanding amount of the loan disbursed in AMD   minimum 12%
Annual nominal interest rate accrued over the outstanding amount of the loan disbursed in foreign currency    minimum 10%
Loan security Moveable and immovable property, cash funds available at the Bank, guarantees issued by individuals and legal entities, other collaterals acceptable for the Bank 

Penalty on past-due interest 0.07% daily
Penalty on past-due principle   0.06% daily
Loan service fee AMD 40,000 
Required Documents (Individual entrepreneurs)

DOCUMENTS REQUIRED FOR THE ANALYSIS OF THE LEGAL STATUS AND FINANCIAL POSITION

  1. Loan application;
  2. Copies of founding documents — state registration certificate, tax code;
  3. Copies of the passport and social security card;
  4. Local municipal statement of actual residence on residing persons (upon request);
  5. Financial statements for the previous reporting period, VAT, social payments, income tax;
  6. Statement on accounts receivable and accounts payable (in case the loan amount exceeds AMD 35.000.000 or equivalent foreign currency);
  7. Statement issued by tax authority on outstanding liabilities towards budget;
  8. Copy of license, upon carrying out an activity subject to licensing in cases stipulated by the legislation of the Republic of

 IN CASE REAL PROPERTY IS PLEDGED

  1. Ownership certificate (original);
  2. Grounding document on the right of ownership (upon request);
  3. Copies of ID documents of the owner (co-owners), (marriage certificate of co-owners);
  4. Statement issued by territorial subdivision of the State Committee of Real Estate Cadastre under the Government of the Republic of Armenia regarding restrictions on the property to be pledged (such statement shall be provided upon positive lending decision);
  5. Appraisal report made by a person holding a respective

 

IN CASE LOAN IS SECURED BY GUARANTEE

  1. Copies of the passports and social security cards of the guarantors;
  2. Employment reference, provided that a guarantor’s income is not generated from entrepreneurial activity and/or the guarantor is not a family

 IN CASE OTHER COLLATERAL IS PLEDGED

  1. List of property, by specifying the unit of measure, quantity, balance sheet value and, upon availability, acquisition documents;
  2. In case of the vehicle, vehicle registration document and certificate of title (original copy);
  3. In case of guarantee, guarantors’ passports and social security cards;
  4. Appraisal report made by a person holding a respective license (upon request).

LIST OF REQUIRED DOCUMENTS FROM REPEATED SMALL LOAN BORROWERS WITHIN THE FRAMEWORK OF MASTER LOAN CONTRACT

  1. Loan application;
  2. Statement on accounts receivable and accounts payable (in case the loan amount exceeds AMD 35.000.000 or equivalent foreign currency);
  3. Financial statements for the previous reporting period, VAT, social payments, income tax;
  4. Statement issued by tax authority on outstanding liabilities towards budget;

Other additional documents upon

A customer must submit original copies of the documents above or duly verified copies thereof.

Required Documents (Legal Entities)

DOCUMENTS REQUIRED FOR THE ANALYSIS OF THE LEGAL STATUS AND FINANCIAL POSITION

  1. Loan application;
  2. Decision of the authorised body on loan disbursement and pledge of property;
  3. Copies of founding documents — Charter with all amendments and supplements to be made thereto, State registration certificate with its inserts, including the insert on the information about director of the company, tax code;
  4. Statement issued by State registry on the amendments to the Charter and shareholders, including a statement issued by Central Depository for open joint stock company and a statement issued by shareholder registry keeper for closed joint stock company;
  5. Copies of the passport and social security card of Director and the shareholders with a stake exceeding 25%;
  6. Statement on accounts receivable and accounts payable (in case the loan amount exceeds AMD 35.000.000 or equivalent foreign currency),
  7. Financial statements for the previous reporting period, VAT, social payments, income tax;
  8. Statement issued by tax authority on outstanding liabilities towards budget;
  9. Copy of license, upon carrying out an activity subject to licensing in cases stipulated by the legislation of the Republic of

IN CASE REAL PROPERTY IS PLEDGED

  1. Ownership certificate (original);
  2. Grounding document on the right of ownership (upon request);
  3. Copies of ID documents of the owner (co-owners), (marriage certificate of co-owners);
  4. Statement issued by territorial subdivision of the State Committee of Real Estate Cadastre under the Government of the Republic of Armenia regarding restrictions on the property to be pledged (such statement shall be provided upon positive lending decision);
  5. Appraisal report made by a person holding a respective

IN CASE OTHER COLLATERAL IS PLEDGED

  1. List of property, by specifying the unit of measure, quantity, balance sheet value and, upon availability, acquisition documents;
  2. In case of the vehicle, vehicle registration document and certificate of title (original copy);
  3. In case of guarantee, guarantors’ passports and social security cards;
  4. In case pledging the property of a third party, copies of founding documents — Charter with all amendments and supplements to be made thereto, State registration certificate with its inserts, including the insert on the information about director of the company, tax code and decision of the authorised body on pledge of property;
  5. Appraisal report made by a person holding a respective license (upon request).

LIST OF REQUIRED DOCUMENTS FROM REPEATED SMALL LOAN BORROWERS WITHIN THE FRAMEWORK OF MASTER LOAN CONTRACT

  1. Loan application;
  2. Decision of the authorised body on loan disbursement and pledge of property;
  3. Statement on accounts receivable and accounts payable (in case the loan amount exceeds AMD 35,000.000 or equivalent foreign currency);
  4. Financial statements for the previous reporting period, VAT, social payments, income tax;
  5. Statement issued by tax authority on outstanding liabilities towards budget;

Other additional documents upon

A customer must submit original copies of the documents above or duly verified copies thereof.

Loan amount

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Annual interest rate

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Financial assistant
ABC finance

Page updated 05.03.2019 | 12:16

In case of discrepancy between Armenian and English versions of the information, the priority is given to the Armenian version.