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Terms
tariffs
Micro
Medium
Agricultural / for capital and mixed investments
AMD
300,001–10,000,000 AMD | 2,000,000–160,000,000* AMD
Note: For a startup business, the loan
amount cannot exceed 5,000,000 AMD.
(A startup business refers to cases where the
potential borrower has not had any active business
—agricultural or otherwise—during the previous 6 months.)
Note: In the case of mixed loans, the portion of revolving funds in each loan cannot exceed 30% of the loan amount.
12%
Up to 60 months: 12%
Starting from the 61st month: The annual interest rate applicable
at the Bank at that time, in line with the contractual term of the
loan under the “AgroFast” agricultural loan type with the Bank’s
own resources
12.64 - 12.66%
12․69 - 15․94%
Not applicable
Minimum term: 24 months
Maximum term: 60 months
Minimum term: 24 months
Maximum term: The maximum term currently applicable under the “AgroFast”
agricultural loan type with the Bank’s own resources
3–18 months throughout the loan term
Note: The grace months do not need to be consecutive.
0.1% per day
0.13% per day
In the case of early loan repayment, a penalty of 5% of the early repaid amount shall apply.
This condition is applicable for loans with a contractual amount of AMD 5,000,001 and above.
Individual aged 18–65, Sole Proprietor (SP), or Legal Entity
Note: The borrower’s activity must be included in the list of Acceptable Activities defined in this document.
**Note:** Loans are subject to refinancing by the management office of the **German-Armenian Fund**. In cases where the loan is not refinanced by the Fund or is used for purposes other than intended, the loan’s annual nominal interest rate may be adjusted, up to a maximum of **24%**.
- Annuity: Equal monthly payments of principal and interest.
- Differentiated: Equal monthly principal payments with monthly interest payments.
Custom Schedule: Individual repayment schedule tailored to the borrower’s needs.
The repayment method is chosen by the customer.
300,001–3,000,000 AMD
At least 1 individual (aged 18–65) with
no active overdue obligations.
The guarantor must either be a
real estate owner or have a registered
salary.
The total number of days with overdue
obligations of the guarantor in the past
12 months must not exceed 30 days.
3,000,001–10,000,000 AMD
At least 2 individuals (aged 18–65) or
sole proprietors as guarantors, without
active overdue obligations.
At least one guarantor must be a real
estate owner or have a registered salary.
Each guarantor’s total number of days with
overdue obligations in the past 12 months
must not exceed 30 days.
The Credit Committee may require additional
collateral if deemed necessary.
Real estate (building) and/or vehicle*
(Mortgage agreement must be notarized).
The Credit Committee may also require additional
collateral, including agricultural machinery.
*** Vehicle age at the time of collateralization
must not exceed:** 5 years for vehicles of
Russian manufacture 10 years for vehicles
manufactured in other countries
! The vehicle must have mandatory “Casco” insurance (covering physical damage and theft) in favor of the Organization, for at least the loan amount, with annual policy renewal required for the entire duration of the loan.
Not specified
Combine, tractor, truck, excavator, and other machinery, with acceptability criteria determined by the organization.
Not specified
Maximum of 70% of the appraised value of the collateral.
Not specified
The collateral is subject to appraisal by an independent asset valuation agency cooperating with the Organization and/or by an employee of the Organization, depending on the loan amount.
Appraisal performed by the Organization’s employee is free of charge.