Agricultural Loans
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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/ |
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Annual interest rate |
22-24% | 22% |
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Actual interest rate* |
27-34% | 27-28% |
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Term of lending |
3 - 18 months | |
| Loan amount | maximum 1 000 000 AMD | |
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Manner of lending |
cash | |
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Loan security** |
group guarantee | group guarantee /at least one real estate owner/ |
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Borrower |
individuals |
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Loan purpose |
any agricultural activity | |
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Overdue loan and interest penalty |
for each overdue day is counted a penalty of 2% of the repayment amount(principal+interest) | |
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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 | |
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Loan service fee(one-off) |
2.5% of loan amount | 2% of amount |
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Loan processing |
during 7 working days after presenting the required documents |
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Solvency ratio |
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Documents required |
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