Terms
tariffs
Development of entrepreneurial activity, agriculture
Loan Loan loan Annual Nominal Loan Annual
currency term interest rate**/ actual interest rate
amount
24-60 months 17%- 500,000-10,000,000 AMD 18․40-18․43%
AMD 24-60 months 14․5%- 3․000.001-200,000,000 AMD 15.53-17.85%
13%- 200,000,001-2,000,000,000 AMD 13․81-13․86%
61-84 months 15․5%- 3,000,001-200,000,000 AMD 16․66-17․75%
14․5%- 200,000,001-2,000,000,000 AMD 15․51-15․53%
24-60 months 14%- 1,000-25,000 USD 15.01%
USD 24-84 months 10.5%- 7,001-500,000 USD 11.02%-13.33%
9.5%- 500,001-5,000,000 USD 9.93 %-9.97%
85- 120 months 11.5%- 7,001-500,000 USD 12.13%-12.93%
10.5%- 500,001-5,000,000 USD 11.02%-11.03%
0-24 months, depending on the specifics of the business
500,000 – 2 billion AMD 1,000-5,000,000 USD
None
None
A maximum of 70% of the assessed value of the collateral.
Guarantee(s)
- Real estate and/or vehicle***,
- Other security may also be envisaged based on the decision of the Credit Committee, including agricultural machinery.
Guarantee(s)
Real estate and/or vehicle***(Mortgage agreement is notarized),
- Other security may also be envisaged based on the decision of the Credit Committee, including agricultural machinery.
The production date of a vehicle at the time of pledging must not exceed:
1. for Russian-made cars: 5 years,
2. for cars manufactured in other countries: 10 years.
The car is subject to compulsory "Casco" insurance (against physical damage and car theft) in favor of the Organization, at least in the amount of the Loan and for the entire Loan period, subject to insurance agreement renewal annually.
The collateral is subject to appraisal by an independent valuation agency cooperating with Fast Bank CJSC and/or an employee of the bank, depending on the loan amount.
The Bank employee's assessment is free.
0.1% daily
0.13% daily
In the event of full or partial early repayment of the loan during the first 3 years of the loan term, 3% of the early repaid amount is charged, however, no charges are applied to early repayment of up to 20% of the contractual amount paid lump sum or in portions.
**** Applicable to loans with a contractual amount exceeding 100,000,000 or its equivalent in a foreign currency.
500.000-3․000.000 AMD 3․000.001-5․000.000 AMD
1․000-7․000 USD 7․000-11․000 ԱՄՆ USD
At least 1 individual At least 2 individuals
(aged 18-65) or (aged 18-65) or IE-s
IE-s guarantees, guarantees, who do not have current overdue
who does not have current liabilities.
overdue liabilities
1. The total number of overdue days for each guarantor in the last year must not exceed 30 days.
2. At least one of the Guarantors must be the owner of real estate or be a registered employee.
18-65 An individual engaged in agriculture aged
Sole proprietor, legal entity
Annuity (equal monthly payment of principal and interest)
Equal monthly payment of the differentiated/principal amount and interest/
Individual repayment schedule
Repayment method of the client's choice
To purchase a payment terminal
Set the maximum loan amount at 1,000,000 AMD,
Set the loan interest rate at 18%.
Set the loan term to 36 months.
The financial and economic analysis is carried out without a visit to the business location, based on verbal information provided by the client (Appendix 4.1).
To take a payment terminal as collateral for the loan by signing a hard collateral agreement, as well as by decision of the credit committee, a guarantee from 1 individual (18-65 years old) who has no current overdue liabilities may be required. The LTV can be set at a maximum of 80%.
The total number of days of overdue obligations of the guarantor in the last year must not exceed 30 days.
The list of required documents is defined in a separate Appendix (in the Documents section).
*In the case of loans provided for construction, the grace period may be set at one month less than the term of the loan provided.
Energy Efficient Loans
Procurement of energy-efficient equipment and machinery, construction of infrastructure and other projects that use renewable energy sources:
Heating, air conditioning and ventilation,
Lighting,
Heating/cooling for industrial purposes,
Thermal insulation of building walls and roof,
Industrial production machines,
Solar energy,
Energy from biomass,
Purchase of solar water heaters
Other energy-efficient investments that comply with the list specified in Appendix 1.
As well as organizations that are engaged in the production or import of products and/or equipment considered energy efficient.
In the case where the loan is used for energy efficiency purposes, the interest rates are 0.5% lower than for commercial loans.
**In the case where the loan is used for energy efficiency purposes, interest rates are set 0.5% lower.
Energy efficiency standards are defined in a separate Appendix (in the Documents section).
**In the case of lending to credit organizations, set interest rates 0.5% lower.
** In case of existing commercial loans/leases at the bank at the time of submitting the loan application or the submission of more than one loan/leasing application at the same time, the interest rate corresponding to the sum of the principal balances of existing liabilities and the expected loan(s)/leasing(s) amounts is taken as the basis for determining the interest rate for the required loan(s).