ՄMicro-Agricultural Loans

/Group Guarantee/

Micro-Agricultural Loans

/if the customer has previously been financed

by the company at least 2 times and the

number of his overdue loan days for 1

credit phase doesn't exceed 25 days/

Annual interest rate

22-24% 22%

Actual interest rate*

27-34% 27-28%

Term of lending

3 - 18 months
Loan amount maximum 1 000 000 AMD

Manner of lending

cash

Loan security**

group guarantee group guarantee /at least one real estate owner/

Borrower

individuals

Loan purpose

any agricultural activity

Overdue loan and interest penalty

for each overdue day is counted a penalty of 2% of the repayment amount(principal+interest)

Loan prepayment penalty

the principal balance is paid,the accrued interest of the payment date, as well as  a penalty of 2% of the prepayment

Loan service fee(one-off)

2.5% of loan amount 2% of amount

Loan processing

during 7 working days after presenting the required documents

Solvency ratio

  • positive loan history
  • cash flow analysis
  • a visit to the place of residence/economy

Documents required

  • applicant's (also wife's or husband's) identification document
  • marriage certificate (if the applicant is married)
  • guarantors' identification documents
  • house ownership certificate or other land ownership certificate
  • village reference

Updated: 25/05/2016 15:23:48