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Medium business lending

Medium business lending

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Business loans in AMD and USD for the development of your business.

We also offer medium business lending services. Hurry to solve your business financing problems with the support of ARARATBANK.

  • Interest rate

    9-12% AMD-12%, USD-9%

  • Period

    60-96 months 60 months replenishment of working capital, 96 months capital investments, acquisition of fixed assets, repayment of accounts payable

  • Maximum amount

    AMD 250.000.000

  • Currency

    AMD, USD

Terms and conditions
Purpose of Loan Capital investments, acquisition of fixed assets, repayment of accounts payable, replenishment of working capital
Loan Amount AMD 100.000.001 -250.000.000 or the equivalent amount in foreign currency
Maximum Terms Up to 60 months (replenishment of working capital) Up to 96 months (capital investments, acquisition of fixed assets, repayment of accounts payable)
Minimum Interest Rate of the Loan
USD 9%
AMD 12%
Maximum loan-to-value ratio   70%
Penalty on past-due interest  0.07% daily
Penalty on past-due principle  0.06% daily
Commission fee where early repayment charge is not applied 0.5% of the loan amount  
Application processing fee AMD 10.000
Commission fee to make and maintain the loan package (to be charged from loan amount) 0,5%
Maximum AMD 1.000.000
Compilation of documents on real estate (including notary and cadastrial registration of the property) AMD 35 000 – 100 000 
Required Documents

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.

Important to know


Collateral shall be appraised by the independent licensed appraisal companies at the rates set by the appraisal companies.

In case of preterm repayment of loan, the Borrower shall pay a penalty in the amount of 20 (twenty) percent of interest amount envisaged (not accrued yet) under repayment schedule. 

Loan decision is made within 15 business days after the loan application has been submitted.

After the authorized body has made a decision on the loan the borrower shall be notified about it within one day. The required documents shall be collected and the loan shall be disbursed within 15 business days after the loan approval decision has been made. If the loan is not disbursed within the mentioned period the decision made by the authorized body shall be deemed as void and shall be presented for a second discussion by the authorized body in case the loan application is subject to review

AMD 5 000 shall be uniformly charged to consider commercial loan applications.

In case the loan is extended in US dollars, changes in foreign currency exchange rate may influence the loan repayments. 

Loan amount

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Financial assistant
ABC finance

Page updated 25.10.2019 | 17:17

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