Online Banking
Booking overdraft

Booking overdraft

Share

With ARARATBANK you will find the best solutions for your business development.

We also offer loans for the development of small business. This loan will enable you to make capital investments, acquire fixed assets, repay accounts payable and replenish working capital.

  • Interest rate

    11-15% AMD-15%, USD-11%, EUR-10%

  • Period

    12 months proportional reduction of limit within the last 4 months

  • Currency

    AMD, USD,EUR,

Conditions
Overdraft purpose Pre-booking, acquisition of air tickets and travel packages
Overdraft currency USD EUR AMD
Annual interest rate 11 % 10% 15%
Maximum limit

20.000

20.000 10.000
Payment mode of accrued interests monthly
Overdraft maturity 12 months, proportional reduction of limit within the last 4 months
Security Turnover of settlement accounts of the borrower with the bank (including personal guarantee(s) of founder(s) for legal entities)
Required Documents (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.

Required Documents (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.

Important to know
  • The Bank shall disburse an overdarft to the private enterprenuers and legal entities that are engaged in purchase and sale of air tickets and inbound and outbound tourism,
  • Annual interest rate shall be recalculated and decreased by 1 %, provided that 70% of transactions and over are executed by Diners Club Super Premium international plastic card.  
  • Overdraft shall be disbursed through corporate MasterCard Business and Diners Club Super Premium international plastic card linked thereto. 

Corporate MasterCard Business and Diners Club Super Premium international plastic card terms and conditions 

 

Loan amount

...
...

Annual interest rate

...
...
All fields are required to be filled out and must not contain 0.
Term Payable interest Partial repayment of the loan General payment
0 0 դր. 0 դր. 0 դր.
0 0 դր. 0 դր. 0 դր.
0 0 դր. 0 դր. 0 դր.
0 0 դր. 0 դր. 0 դր.
0 0 դր. 0 դր. 0 դր.
0 0 դր. 0 դր. 0 դր.
0 0 դր. 0 դր. 0 դր.
0 0 դր. 0 դր. 0 դր.
0 0 դր. 0 դր. 0 դր.
0 0 դր. 0 դր. 0 դր.
General 0 դր. 0 դր. 0 դր.

Enter data to see the result

Financial assistant
ABC finance

Page updated 25.10.2019 | 17:13

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