Car Loan


Terms and conditions of the loans to private entrepreneurs and legal entities (hereinafter ''the Borrower'') for the purpose of acquisition of motor transport 

Loan purpose

Acquisition of motor transport

Loan currency

USD, AMD

Loan maturity

Up to 5 years

Annual interest rate

USD

AMD

Starting 8%

Starting 10%

Loan amount

Up to 70% of the appraised liquidation value of the collateral

Leasing file preparation and service fee

N/A

Premature repayment penalty

N/A

The Borrower shall be required to insure the motor transport for the whole loan period, in case the motor transport is pledged

 




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