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SME Loans

We offer loans for for small and medium-sized companies. Fill in the Online Application and Your personal business consultant will contact you in 1 working day! Loans can be obtained through our Head Office and all branches (except Erebuni branch).


Fill in the Online Application


Your personal business consultant

will contact you

in 1 working day!




AMD, USD, Euro (repayment of loans denominated in foreign currency may be affected by FX fluctuations, and it is the borrower who bears the foreign currency risk)

Eligible borrowers

RA resident and non-resident legal entities and sole proprietors

Loan amounts

from AMD 5,000,000 to AMD 200,000,000 or its foreign currency equivalent

Loan disbursement method


Loan term

Up to 5 years

Տոկոսադրույքը (տարեկան)




1 year

11 %

1-3 year

11.5 %

3-5 year

12 %


1 year

7 %

1-3 year

7.5 %

3-5 year

8 %


1 year

6 %

1-3 year

6.5 %

3-5 year

7 %


- Real and movable property,
- Funds in deposit and current accounts,
- Working assets, finished goods,
- Standard gold bars or gold scrap, precious metals,

- State treasury bills or other securities.

Early Repayment Terms

In case of repayment of more than 50% of the principal amount prior to expiration of the first half of the loan term, the borrower shall pay а penalty at 5% of the prematurely paid sum exceeding the 50% of the principal amount.

Commission fees


State duties and other charges
- You will be required to pay state duties to relevant Armenian government bodies for collateral contract authentication and registration.

- Service fee for appraisal of pledgeable real/movable property according to tariff rates of independent appraisal entity.


  • In case of delinquent liabilities with regard to the loan principal and interests of the pledged property can be CONFISCATED according to the law, and the information about the borrower will be recorded in the Credit register
  • In case of redeeming the  obligations as a result of delinquent liabilities on account of the collateral, if the value of the collateral is not enough for covering the borrower's loan obligations, then the Bank (according to the existing legislation) has an opportunity  to redeem the loan obligations on account of the borrower's other properties ( if available).
  • In case of the delays of payment obligations under the loan agreement (loan principal amount, interest amount) the borrower pays FINES according to the agreement: for overdue principal amount - 0,015%  daily and for overdue interest - 0,1%  daily.


  • Acceptable Ratio of Loan-to-Value per Type of Collateral
    • Real property and other fixed assets – up to 70% of the appraised market value,
    • Treasury bills – up to 95% of the nominal value,
    • Other securities – up to 70% of appraised value,
    • Standard gold bars and scrap of precious metals – up to 95% of appraised value,
    • Precious and semi-precious stones – up to 50% of appraised value,
    • Cash (in deposit and current accounts) – up to 90%,
    • Working assets – up to 50% of appraised value,
    • Loans backed by cash flows will be advanced to those who have been our customers for a period of over one year and executed up to 30% of annual cash flows through the current account (loans maturing within a 180-day period).
  • Timeline for Decision-Making and Extending a Loan
    • The decision will be made within 10 (Ten) banking days upon submission of necessary documents.
    • We will notify you on the decision within 1 (One) banking day orally or, at your request, also in writing.
    • Loan will be advanced to you within 5 (Five) banking days upon completion of pledging process (when the entire package of documents is ready).


  • Criteria for Taking Decisions on Loan Application

    Criteria for Positive Decision-Making:

    • Your adequate creditworthiness according to assessment criteria set in bank's internal guidelines,
    • Trustworthy data and documents submitted to the bank,
    • Positive rating of your commitment and due diligence according to the outcomes of the credit history review and analysis,
    • Liquid collateral according to the criteria set by bank's internal guidelines as well as acceptable ratio of Loan-to-Value,
    • Well-validated purpose of the loan and business-plans.

    Criteria for Declining a Loan Application:

    • Your inadequate creditworthiness according to assessment criteria set in bank's internal guidelines for assessment of borrowers' creditworthiness,
    • Unreliable data and documents submitted to the bank,
    • Negative rating of your commitment and due diligence according to the outcomes of the credit history review and analysis,
    • Badly justified purposes of the loan and unsupported incomes projected in business plans,
    • Other valid reasons which can affect the ability of the borrower to repay the loan.


  • Procedures of the loan repayment, interest accrual and payment
    • The loan will be repaid according to the schedule under one of the following schemes, whichever you prefer:
      • “Annuity” plan (equal monthly payments), including variable portions of the principal amount and accrued interest,
      • “Springy” plan (variable monthly payments), including the payment of fixed  principal amounts and variable interest.
    • Interest will be accrued on the actual loan balance covering the period of loan disbursement till the day before the due date (no interest will be accrued for the due date).
    • Interest calculation is based on a 365-day year. If the due date is not a business day, this date will be extended to the next business day.
    • Payment can be made in our Head office and all branches (except Erebuni branch).




Updated 06.07.2020 | 18:51:44