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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).

  • Interest rate

    11%, 13%, 16% Depends on leasing type

  • Maturity

    6-60, 6-120 Depends on leasing purpose

  • Currency

    AMD, USD

Conditions
Leasing type Currency Minimum interest
rate
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 USD, AMD
Leasing maturity Up to 7 years
Annual interest rate USD AMD
Starting 8% Starting 10%
Advance payment 20%
Leasing file preparation and service fee N/A
The object of leasing shall be subject to insurance by the Lessee within the whole leasing period
Required Documents (Micro and Small Business)

Private 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. Financial statements for the previous reporting period, VAT, social payments, income tax, (in case the loan amount exceeds AMD 8.000.000 or equivalent foreign currency);
  5. Statement issued by tax authority on outstanding liabilities towards budget, (in case the loan amount exceeds AMD 8.000.000 or equivalent foreign currency);
  6. Copy of license, upon carrying out an activity subject to licensing in cases stipulated by the legislation of the Republic of Armenia.

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 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. Appraisal report made by a person holding a respective license (upon request).

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

  1. Financial statements for the previous reporting period, VAT, social payments, income tax (in case the loan amount exceeds AMD 8.000.000 or equivalent foreign currency);
  2. Statement issued by tax authority on outstanding liabilities towards budget (in case the loan amount exceeds AMD 8.000.000 or equivalent foreign currency);

Other additional documents upon

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

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, Director and shareholders, including a statement issued by Central Depository (registry keeper) 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. Financial statements for the previous reporting period, VAT, social payments, income tax (in case the loan amount exceeds AMD 8.000.000 or equivalent foreign currency);
  7. Statement issued by tax authority on outstanding liabilities towards budget (in case the loan amount exceeds AMD 8.000.000 or equivalent foreign currency);
  8. Copy of license, upon carrying out an activity subject to licensing in cases stipulated by the legislation of the Republic of Armenia

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. Appraisal report made by a person holding a respective license (upon request).

OTHER ADDITIONAL DOCUMENTS THE NECESSITY OF WHICH IS DETERMINED BY THE BANK

  1. The Bank may require to have the loan security insured against the risks of loss and damage and submit necessary documents related thereto;
  2. Other additional documents upon

LIST OF REQUIRED DOCUMENTS FROM REPEATED MICRO 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. Financial statements for the previous reporting period, VAT, social payments, income tax (in case the loan amount exceeds AMD 8.000.000 or equivalent foreign currency);
  4. Statement issued by tax authority on outstanding liabilities towards budget (in case the loan amount exceeds AMD 8.000.000 or equivalent foreign currency);

Other additional documents upon

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

Required Documents (Medium and Large Business)

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, director and shareholders, including a statement issued by Central Depository (registry keeper) 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. Written declaration on owners, shareholders and affiliated persons — first and last names (title), business and legal addresses, all types of entrepreneurial activity. In the sense of the present procedure, persons stipulated by Article 8 of the Law of the Republic of Armenia "On Banks and Banking" shall be considered related persons.
  7. Copies of the required documents enabling to carry out activity in the given field, such as licenses, certificates ,
  8. Statement issued by territorial tax inspectorate on outstanding liabilities towards budget (upon request);
  9. Statement on accounts receivable and accounts payable (detailed breakdown thereof upon request);
  10. List of fixed assets with balance value, balance of inventory, such as raw material, other materials and finished products (upon request);
  11. Financial statements for the previous reporting period, VAT, social payments, income tax;
  12. Statements on the turnover of bank account within the past 12 months upon availability of accounts in other banks;
  13. Effective contracts and agreements on sale, supply, lease etc., as well as invoices for import and export
  1. The most recent inspection act by territorial tax inspectorate or auditor opinion (upon request).

IN CASE REAL PROPERTY IS PLEDGED

  1. Ownership certificate (original);
  2. Grounding document on the right of ownership (upon request);
  3. 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;
  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 acquisition documents;
  2. In case of the vehicle, vehicle registration document and certificate of title (original copy);
  3. 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;
  4. Appraisal report made by a person holding a respective license (upon request).

OTHER ADDITIONAL DOCUMENTS THE NECESSITY OF WHICH IS DETERMINED BY THE BANK

  1. The Bank may require to have the loan security insured against the risks of loss and damage and submit necessary documents related thereto;
  2. Other additional documents upon

LIST OF REQUIRED DOCUMENTS FROM REPEATED 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 by the borrower on amendments to the Charter, Director and shareholders;
  4. Statement on accounts receivable and accounts payable (upon request);
  5. Financial statements for the previous reporting period, VAT, social payments, income tax

Other additional documents upon

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

 

List of fixed assets

Leasing of transport facilities 

Passenger vehicles

  • Cabs
  • Service vehicle
  • Delivery vehicle

Trucks

  • Dumper
  • Refrigerated trailer
  • Trucks

Construction machinery

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

Tourist vehicles

  • bus
  • minibus
  • coach

Leasing of  of 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

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)

 

 

 

Note

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

Loan amount

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Annual interest rate

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Financial assistant
ABC finance

Page updated 22.07.2019 | 14:47

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