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Export loans for medium and large businesses

Export loans for medium and large businesses

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Within the framework of large business lending, ARARATBANK offers export business loans for acquisition of fixed assets and working capital, implementation of investment programs and repayment of accounts payable.  

  • Interest rate

    9%

  • Period

    48-60 months 48 months - acquisition of working assets), 60 months - acquisition of fixed assets, repayment of accounts payable

  • Maximum amount

    AMD 100 000 001 or the amount exceeding equivalent currency

Terms and conditions
Purpose of loan Acquisition of fixed and working assets, investment programs, repayment of accounts payable
Lending Non-cash, cash
Amount of loan AMD 100 000 001 or the amount exceeding equivalent currency
Loan maturity Up to 48 months (acquisition of working assets),
Up to 60 months (acquisition of fixed assets, repayment of accounts payable)
Minimum interest rate of loan
USD 9%
Type of interest accrual On the loan balance, accepting year as 360 days
Type of loan and interest repayment Annuity - each month evenly repaid amount, which includes both the loan and the interest amount. Even amortization - even principal repayments each month, gradually reducing interest amounts calculated over the reducing loan balance.
Loan security (collateral) Movable or immovable property. Appraisal of loan security (collateral) is made and rates are set by the independent licensed appraisal companies.
Loan file preparation and service fee shall be charged from the loan amount 0.5% with a maturity of up to 2 years, minimum AMD 150 000 and maximum AMD 400 000, and 0.75% with a maturity of 2 years and over, minimum AMD 200 000 and maximum AMD 600.000
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.

 

Loan amount

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Annual interest rate

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Financial assistant
ABC finance

Page updated 25.10.2019 | 17:11

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