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Terms
tariffs
Fast business Simple business
Resident of the Republic of Armenia: Private Enterprise, Legal Entity (KFW),
an individual aged 18-65 engaged in agricultural activities
! The business must be registered and have been operating for at least 6 months*.
To KFW-s /for capital, current and mixed investments/
AMD
300,001-10,000,000 AMD 2,000,000-260,000,000* AMD
* A start-up business (operating for up to 6 months) can be provided with a loan of up to 5 million AMD.
12.4% 11,9%
13.66-13.67% 13.24-16.61%
None
24-60 months, depending on the specifics of the business
0-24 months
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
! The loans are subject to refinancing by the German-Armenian Fund Project Management Office. In case the latter does not refinance the loan, as well as if the loan is used for other purposes, the annual nominal interest rate of the loan may be changed and set at 24%.
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
300,001-3,000,000 AMD 3,000,001-10,000,000 AMD
At least 1 individual's ․ At least 2 individuals' (aged 18-65 years old) or
(aged 18-65 years old)or IE-s IE-s guarantees who do not have
guarantee, that has no any active overdue obligations
current overdue
obligations ․ At least one of the guarantors must
own real estate or be secured
by a registered salary.
․ The total number of days of overdue liabilities
of each of the guarantors in the
last year must not exceed 30 days
․ Other security measures may also be provided
by decision of the Credit Committee
․ Real estate (building) and/or vehicle** (The mortgage agreement is notarized),
. Other security may also be envisaged based on the decision of the Credit Committee, including agricultural machinery.
None
The production date of a vehicle at the time of pledging must not exceed:
for Russian-made cars: 5 years,
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.
None
A maximum of 70% of the assessed value of the collateral.
None
The collateral is subject to assessment by an independent valuation agency cooperating with the Organization and/or an employee of the Organization, depending on the loan amount.
The assessment by an employee of the Organization is carried out free of charge։
* The total balance of loans provided to the same borrower cannot exceed 260 million AMD, including:
The loan amount for the purpose of acquiring working capital cannot exceed 100 million AMD,
The loan amount for investment or mixed purposes cannot exceed 160 million AMD.