Terms
tariffs
Sole proprietor and legal entity deemed resident of the Republic of Armenia
! The business must be registered and operating for at least 6 months
Financing of current expenses, capital and mixed investments, refinancing of loans
Commercial loan provided based on account turnover
AMD USD
6-48 months 6-48 months
15% 11%
15.91-16.05% 11.45 - 11.56%
AMD 5,000,000 USD 12,000 – 100,000
– 50,000,000
None
0.1% daily
0.13% daily
The Borrower has the right to repay the loan in full or in part before the due date
- No early repayment penalty is applied
- Annuity (equal monthly payment of principal amount and interest)
• Turnover of the client's bank accounts with "Fast Bank" CJSC
• Guarantees from at least 2 individuals/legal entities (aged 18-65) or sole proprietors that have no current overdue obligations
• The guarantors must be the company participator(s)/beneficial owner(s).
• In addition to the guarantors who are participators/beneficial owners of the company, another guarantor is required, who must own a real estate or be a registered employee.
• The total number of overdue days for each guarantor in the last year must not exceed 30 days.
• In case of cash inflows received from three or more counterparties during the 6 months preceding the submission of the loan application, in the amount of maximum 50% of average monthly net credit turnover with the Bank for the last six months; moreover, if the share of cash inflows from one of the counterparties exceeds 70% of the cash inflows received from all counterparties, then the maximum loan/collateral ratio is set at 30% of the average monthly net credit turnover received from the given counterparty during the last six months, and at 50% from other counterparties.
• In case of cash inflows from one or two counterparties within the 6 months preceding the submission of the loan application, in the amount of maximum 30% of the average monthly net credit turnover with the Bank for the last six months.