Agro loans


 Loans to individuals, private entrepreneurs and legal entities involved in agricultural production or processing of agricultural raw materials

 

EXPRESS AGRO

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

Up to 1,500,000 (one million and five hundred thousand) Armenian drams or equivalent currency

Loan maturity

Up to 24 months

Replenishment of working capital, financing of current agricultural expenses   

Up to 36 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  

20%

Annual nominal interest rate accrued over the outstanding amount of the loan disbursed in foreign currency   

18%

Loan security

Three guarantees issued by individuals and/or legal entities, who must have a stable income (salary, income from activity, dividend) and/or real estate or means of transportation owned by guarantors and/or they must act as co-owners. The Bank may request additional loan security.  

 

  

MICRO AGRO

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

Up to 20,000,000  Armenian drams or equivalent currency

Loan maturity

Up to 36 months

Replenishment of working capital, financing of current agricultural expenses   

Up to 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  

13%

Annual nominal interest rate accrued over the outstanding amount of the loan disbursed in foreign currency  

11%

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 

 

   

 SMALL AGRO

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

Up to 48 months

Replenishment of working capital, financing of current agricultural expenses    

Up to 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  

12%

Annual nominal interest rate accrued over the outstanding amount of the loan disbursed in foreign currency  

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 

 

 

ATTENTION

The loans shall be disbursed out of the funds of KfW project at 12.5% annual interest rate irrespective of the loan amount.   




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