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. Local municipal statement of actual residence on residing persons (upon request);
5. Financial statements for the previous reporting period, VAT, social payments, income tax;
6. Statement on accounts receivable and accounts payable (in case the loan amount exceeds AMD 35.000.000 or equivalent foreign currency);
7. Statement issued by tax authority on outstanding liabilities towards budget;
8. Copy of license, upon carrying out an activity subject to licensing in cases stipulated by the legislation of the Republic of

 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 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 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 SMALL LOAN BORROWERS WITHIN THE FRAMEWORK OF MASTER LOAN CONTRACT

1. Loan application;
2. Statement on accounts receivable and accounts payable (in case the loan amount exceeds AMD 35.000.000 or equivalent foreign currency);
3. Financial statements for the previous reporting period, VAT, social payments, income tax;
4. Statement issued by tax authority on outstanding liabilities towards budget;

Other additional documents upon

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

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 and shareholders, including a statement issued by Central Depository 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. Statement on accounts receivable and accounts payable (in case the loan amount exceeds AMD 35.000.000 or equivalent foreign currency),
7. Financial statements for the previous reporting period, VAT, social payments, income tax;
8. Statement issued by tax authority on outstanding liabilities towards budget;
9. Copy of license, upon carrying out an activity subject to licensing in cases stipulated by the legislation of the Republic of

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

LIST OF REQUIRED DOCUMENTS FROM REPEATED SMALL 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. Statement on accounts receivable and accounts payable (in case the loan amount exceeds AMD 35,000.000 or equivalent foreign currency);
4. Financial statements for the previous reporting period, VAT, social payments, income tax;
5. Statement issued by tax authority on outstanding liabilities towards budget;

Other additional documents upon

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

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 30 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. 

Your property (house, vehicle, or other) may be confiscated in the manner provided for by law where you fail to repay your interests and principal in time.

Where you fail to perform your obligations either fully or partially, the Lender shall send those data to the credit bureau within a three-day period, where your credit history is generated. You shall have the right to obtain your credit history from the bureau free of charge. Attention: A bad credit history may hinder lending in the future. 

You have the right to communicate with a financial institution of your choice by post or e-mail. Receiving information electronically is the most convenient option. It is available 24/7, free from the risks of loss of paper information and ensures privacy.