Global Credit

Annual interest rate	AMD 10-12.5% USD 7-12%
Annual factual interest rate	AMD maximum 16% USD maximum 12%
Lending term	Up to 24 months (if operational fund is 20.1% and more part of loan amount) and up to 84 months (if operational fund is 20% and less part of loan amount)
Loan amount	500 000- 60 000 000 AMD 1 500 - 150 000 USD
Lending type	Cash/non cash
Payment	Annuity, with grace period (as the customer wants)
Loan/pledge ratio	In case of realty pledge- 60% In case of movable and main funds pledge - 50% In case of operational funds pledge - 40%
Loan security	at least 2 sureties, movable property/realty, main or operational funds pledge
Customer	Physical and legal entities
Loan aim	agricultural development
Fines, penalties	Overdue loan amount daily 0.05%, overdue interest rate amountdaily 0.08%
Early payment penalty	Is not applied
Loan service fee (once)	0.7% of loan amount
Interest rate payment	monthly
Loan amount payment grace period	up to 18 months
Loan processing	In 7 days after presentation of required documents
Solvency assessment	Affirmative loan history, cash flow analysis, visit to business, living place/economy
Reduired documents	Applicant's (husband or wife) identification document marriage certificate (if the applicant is married), identification documents of sureties, property ownership certificate or other land ownerhsip certificate , reference from village

Updated:08/02/2021 13:51:07

Universal Credit Organization

ATTENTION

If you find any discrepancies in the website materials in Armenian and English languages, please consider Armenian version as prevailing. The Company does not bear any responsibility for the inaccuracy of information on the linked web sites, nor does it accept any responsibility for the advertisements therein or possible consequences arising out of use of information provided on the linked web-sites.

Project loans of agricultural development

Project loans of agricultural development

Universal Credit Organization