Online Banking
Assistance loans under the first measure on neutralizing Coronavirus economic impact
Share

Assistance loans under the first measure on neutralizing Coronavirus economic impact

Within the scope of the first measure on neutralizing Coronavirus economic impact, AraratBank offers loans of an amount of up to AMD 500,000,000.

  • Currency

    AMD, foreign currency

  • Maximum amount

    AMD 250,000,000: Foreign currency equivalent to AMD 125,000,000

  • Maximum period

    60 months

  • Maxsimum interest rate

    AMD 12%, Foreign currency 9%

Conditions

The loan is provided at the Bank's head office and in the branches conducting full financial operations.

Borrower An entity or private entrepreneur — registered in the territory of the Republic of Armenia — that was actually involved in commercial activity at least a year prior to the submission of an application.  
Loan purpose
  • Salaries, wages and other payments deemed equal thereto
  • Taxes, duties and other compulsory fees paid to the state or community budget
  • Purchase or import of raw materials
  • Purchase or import of new equipment and machinery
  • Payments for public services (electricity, water, gas, communication and telecommunications)
  • import of foods (except for alcohol and tobacco) and drugs 
Loan currency AMD
Maximum loan amount AMD 500,000,000
Maximum loan maturity 24 months
Maximum annual interest rate 12%
LTV ratio Maximum 90% of liquidation value
Loan security Movable or immovable property, funds available at the Bank, guarantees by individuals and legal entities, other collaterals acceptable to the Bank  
Loan usage mode Non-cash
Loan repayment mode Annuity or equal reduction of principal amount  
Loan file compilation and service fee N/A
Penalty on past-due principal and interest   0.13% daily
Early loan repayment Not applicable

Collateral shall be appraised by one of the independent appraisal companies cooperating with the Bank

Collateral shall be appraised by one of the independent appraisal companies cooperating with the Bank.

Fees payable

Pledge assessment fee
Starting from 12,000 AMD, depending on the type of property and the area
Payment of real estate restrictions AMD 11,200
Notarization of real estate pledge agreement AMD 10.000-15.000
State registration fee for pledge AMD 27,900
Assistance tools and the limits of application
Please follow the Armenian version
Required Documents (Micro and Small Business)

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.

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.

The list of required documents required to verify the intended purpose of expense directions under the assistance tools provided to the beneficiaries within the scope of the measure

Before lending

  • A reference issued by tax authorities must be submitted, stating that the amount of past-due tax liabilities for all reporting periods included in the past 365 days has not exceeded 1% of the liabilities repaid during the past 365 days, however, not more than AMD 50 thousand, as well as
  • For payroll payments — a document/reference on employee payroll expenses for the current month and the following 2 months signed by an executive director or chief accountant of an organization, giving a breakdown of the employees with salaries over AMD 500,000 including the total amount of the salary de facto paid in the past month.
  • For payment of tax liabilities - a document/reference signed by an executive director or chief accountant of an organization or a reference on past-due tax liabilities issued by tax authorities.
  • For purchase of raw materials, materials, equipment, and drugs – invoices or contracts.
  • Payments for public services – documents on current debt of water consumption, gas, electricity
  • and other public services.       

After lending

  • For payroll payments — a document signed by an executive director or chief accountant of an organization or documents substantiating the fact of salary transfer, such as payment orders, cash receipts, relevant bank account statements, etc.
  • For payment of tax liabilities – a reference issued by tax authorities stating that an organization has repaid its tax liabilities or documents substantiating the fact of repayment, such as payment orders, receipts, relevant bank account statements, etc.
  • For purchase of raw materials, materials, equipment, and drugs – documents substantiating the fact of payments to suppliers, such as payment orders, receipts, relevant bank account statements, etc.
  • Payments for public services – documents that substantiate the incurred expenses, such as payment orders, receipts, relevant bank account statements, etc.
Required Documents (Medium and Large Business)

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.

The list of required documents required to verify the intended purpose of expense directions under the assistance tools provided to the beneficiaries within the scope of the measure

Before lending

  • A reference issued by tax authorities must be submitted, stating that the amount of past-due tax liabilities for all reporting periods included in the past 365 days has not exceeded 1% of the liabilities repaid during the past 365 days, however, not more than AMD 50 thousand, as well as
  • For payroll payments — a document/reference on employee payroll expenses for the current month and the following 2 months signed by an executive director or chief accountant of an organization, giving a breakdown of the employees with salaries over AMD 500,000 including the total amount of the salary de facto paid in the past month.
  • For payment of tax liabilities - a document/reference signed by an executive director or chief accountant of an organization or a reference on past-due tax liabilities issued by tax authorities.
  • For purchase of raw materials, materials, equipment, and drugs – invoices or contracts.
  • Payments for public services – documents on current debt of water consumption, gas, electricity
  • and other public services.       

After lending

  • For payroll payments — a document signed by an executive director or chief accountant of an organization or documents substantiating the fact of salary transfer, such as payment orders, cash receipts, relevant bank account statements, etc.
  • For payment of tax liabilities – a reference issued by tax authorities stating that an organization has repaid its tax liabilities or documents substantiating the fact of repayment, such as payment orders, receipts, relevant bank account statements, etc.
  • For purchase of raw materials, materials, equipment, and drugs – documents substantiating the fact of payments to suppliers, such as payment orders, receipts, relevant bank account statements, etc.
  • Payments for public services – documents that substantiate the incurred expenses, such as payment orders, receipts, relevant bank account statements, etc.
Useful information
  • 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 15 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.
  • Lack of past-due liabilities for a total of 30 days and over within 12 days prior to the submission date of loan application.  
  • No administrative proceeding on the levy of non-repaid tax liabilities was filed within 365 days prior to the submission date of loan application or lack of past-due tax liabilities as of 31 December 2019.  
Attention

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.

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.
Financial assistant
ABC finance

Page updated 30.10.2020 | 14:27

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