Terms and conditions Lead Women in Business


Terms and conditions

Lead Women in Business

Borrower

Legal entities, the executive director of which is a female and/or a female private entrepreneur

No fines and penalties for premature repayments shall be set out

Loan purpose

Repayment of account payables, acquisition of fixed assets, execution of capital investments, replenishment of working capital and undertaking of current expenditures 

Loan amount

Total of the loans and lines of credit disbursed to the borrower based on one loan application within the framework of the loan type shall not be less than the Armenian dram equivalent of EUR 3.000 (three thousand), whereas the total of the outstanding amount of the loans already disbursed based on the submitted loan application and within the framework of the loan type as well as that of the existing limits of the lines of credit shall not exceed the Armenian dram equivalent of EUR 1.000.000 (one million)

Loan currency

AMD

Loan maturity

Up to 60  months

Annual interest rate

12%, no interest shall accrue between March 08 and April 07 inclusive of each year;

 

Credit line terms and conditions

Credit line purpose

Repayment of account payables, replenishment of working capital and undertaking of current expenditures

Credit line amount

Total of the loans and lines of credit disbursed to the borrower based on one loan application within the framework of the loan type shall not be less than the Armenian dram equivalent of EUR 3.000 (three thousand), whereas the total of the outstanding amount of the loans already disbursed based on the submitted loan application and within the framework of the loan type as well as that of the existing limits of the lines of credit shall not exceed the Armenian dram equivalent of EUR 1.000.000 (one million)

Credit line currency

AMD

Credit line maturity

Up to  36  months

Annual interest rate

12%, 0 (zero) interest rate per annum shall accrue over the undrawn portion of the loan, no interest shall accrue between March 08 and April 07 inclusive of each year 

Within the framework of the loan type, terms and conditions of the overdraft disbursed via ArCa GREEN LINE payment cards to Borrowers engaged in import activity 

Overdraft purpose

Making payments related to customs formalities

Overdraft amount

Up to AMD 40.000.000 (forty million)

Overdraft maturity

Up to  36 months

Annual interest rate

12 %, 0 (zero) interest rate per annum shall accrue over the undrawn portion of the loan, on the condition of even amortization of the limit within the past 4 (four) months 

Loan application consideration fee, loan file preparation and service one-time fee within the framework of the loan type

 

N/A

LTV ratio

Up to 80 (eighty) per cent of the appraised liquidation value of the property suggested as collateral

 

Within the framework of the loan type, terms and conditions of extra services based on the Borrower application   

Card

Annual service fee

ArCa Classic

AMD 500

Visa Electron

AMD 1 000

“AS internet banking” system

Free of charge

International money transfers executed by the Borrower

at 20% discounted rate

Terms and conditions of overdrafts to the Borrower’s employees within the framework of salary-project cooperation between the Bank and the Borrower

Maximum overdraft amount towards the salary amount 

400%

Overdraft maturity

up to 24 months, on the condition of even amortization of the limit within the whole effective period of overdraft 

Annual interest rate

From 13% up to 15%; 0 (zero) interest rate per annum shall accrue over the undrawn portion of the loan, by setting out 0 (zero) per cent for the deviation of limits in AS Bank and SMART VISTA systems.

 




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