Financial rent or leasing is widely spread all over the world and it makes more than 50% of real investments in the economy of the developing countries.

If you are willing to develop your business, that is to reequip your corporation, acquire modern equipment, transport facilities or real estate, but you are short of funds, then make use of ARARATBANK financial leasing. Applying to ARARATBANK you will have an opportunity to replenish your fixed assets without the pledge of real estate or other property, as well as to purchase leasing object on lease maturity date (or during the lease period).

Financial rent (leasing) terms of ARARATBANK

Leasing of transport facilities

ARARATBANK finances acquisition of the following transport facilities:

Passenger vehicles

  • Cabs
  • Service vehicle
  • Delivery vehicle

  • Dumper
  • Refrigerated trailer
  • Trucks

Construction machinery
  • crane
  • lifting crane
  • concrete mixer
  • water carrier
  • building equipment

Tourist vehicles
  • bus
  • minibus
  • coach

Leasing of equipment

ARARATBANK finances acquisition of the following equipment:

Equipment for industry and power engineering

  • assembly line 
  • mini factories 
  • printing equipment 
  • generators and turbines 
  • other specialized equipment

Medical equipment

  • dental chairs and equipment 
  • diagnostic and preventive equipment
  • other medical equipment

Means of trade and service

  • equipment for supermarkets 
  • equipment for restaurants and kitchen 
  • other equipment
Real estate leasing

ARARATBANK finances acquisition of the following real estate:
  • Public real estate leasing (trade and service areas, hairdressing saloons, public food areas, office areas, areas for execution of financial transactions and delivery of other services) 
  • Commercial real estate leasing (plants, factories and storehouses)

General terms of leasing
Leasing type Currency Minimum interest
Maximum maturities One-time processing fee
Acquisition of equipment Acquisition of real estate
Micro (up to AMD 8.000.00 or the amount not exceeding equivalent foreign currency) AMD 16% From 6 to 60 months From 6 to 120 months 1%, minimum AMD 50.000
USD 13%
Medium (AMD 8.000.001 -35.000.000 or equivalent foreign currency) AMD 16% 0.5%, minimum AMD 80.000
USD 11%
Extra (AMD 35.000.001 -120.000.000 or equivalent foreign currency) AMD 16% 0.5%, minimum AMD 200.000
USD 11%

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

Leasing purpose

Acquisition of motor transport

Leasing currency


Leasing maturity

Up to 7 years

Annual interest rate



Starting 8%

Starting 10%

Advance payment


Leasing file preparation and service fee


The object of leasing shall be subject to insurance by the Lessee within the whole leasing period


1. The lessee shall pay at least 20% down payment of the initial value of the lease object, as well as 20% of the total payments made by the Bank regarding shipping of the lease object, including loading, unloading and customs clearance. The latter also refers to the payments made by the Bank prior to handover of the lease object.

2. The Lessee may acquire the lease object from the Bank within the lease period, by paying the outstanding amount and accrued interests of the total value of the financial leasing as of that point.

3. If the Lease Agreement is terminated and the lease object is purchased prematurely, the customer shall not pay any fines or penalties.

4. The lease object shall be subject to compulsory insurance in the total value of the lease object for the whole period of the Lease Agreement.

5. As soon as the lease period expires, the property shall be handed to the customer with ownership right.

6. If the lessee has any past due payments, a penalty of 0.13% shall be accrued over the past due amount for each past due day.

7. Property collateral and guarantee shall serve as additional security for leasing obligations assumed by the Lessee.

The leasing application will be rejected if

  • the documents are not complete;
  • either the documents or the information in the documents are not accurate;
  • the customer’s /as well as guarantor(s)’ credit history is negative (the information shall be deemed as negative, if the customer had 20 days past due in total within past 12 months); ;
  • the evaluation of customer’s creditworthiness has revealed that the borrower is not creditworthy;
  • the information in the documents contradicts to circumstances /facts/ revealed during the actual visit to the business premises;
  • the necessity for leasing is not substantiated.
Leasing charge calculation example

Total value of leasing object – AMD 5 000 000
Down payment – AMD 1 000 000
Annual interest rate - 16%
Repayment period – 5 years
Monthly payment - AMD 97 272,23

If the lessee fails to timely perform all obligations envisaged under lease agreement including leasing charges the Bank will have to report that negative information to the Central Bank’s credit registry.


If the lease is extended in foreign currency, changes in foreign currency exchange rate may influence the loan repayments.