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Express loans

Express loans

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Express loans from ARARATBANK for the development of your business.  

Apply to us by visiting our branches. Should you have questions, you are free to call at 010 59 23 23 available 24 hours a day, 7 days a week.

  • Interest Rate

    18-20% AMD-20%, USD - 18%

  • Period

    24 months acquisition of fixed assets and working capital

  • Maximum amount

    AMD 1.500.000 or equivalent USD

  • Currency

    AMD, USD

Terms and conditions
Loan purpose acquisition of fixed and working capital, repayment of accounts payable
Maximum loan amount    AMD 1.500.000 or equivalent foreign currency
Loan Security Guarantee secured
Maximum Terms Up to 24 months ( acquisition of fixed assets and working capital)
Minimum Interest Rate of the Loan
USD 18%
AMD 20%
Penalty on past-due interest  0.07% daily
Penalty on past-due principle    0.06% daily
Commission fee to make and maintain the loan package (to be charged from loan amount) AMD 20.000
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

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

 

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

Preterm repayment of loan without paying penalties.

 Loan decision is made within 3 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 10 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.

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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Annual interest rate

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Financial assistant
ABC finance

Page updated 29.01.2019 | 15:16

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