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Loans are provided with a floating interest rate for a maximum term of 240 months.
A flexible system for the selection and evaluation of loan collateral.
Loans are provided to legal entities and individuals for the purpose of acquiring real estate.
Business mortgages are available to those legal entities and individual entrepreneurs who have maintained continuous work experience in the construction sector for the past 12 months, in the production sector for the past 6 months, and in the trade and services sectors for the past 3 months.
The business mortgage is provided in a non-cash form - denominated in AMD, USD, or EUR (with the amount transferred to the seller's current account).
The loan term is up to a maximum of 240 months, with no minimum term specified.
The minimum loan amount is set at AMD 5 million, USD 10,000, or EUR 10,000, with no maximum limit specified.
In the case of business mortgages, a down payment is required at a minimum of 30% of the real estate sale price. This down payment may be waived if the customer pledges additional real estate as collateral.
Business mortgages are provided with a fixed interest rate for the first 36 months, after which a floating interest rate applies.
For the first 36 months, the interest rate is set at 12.5–16.3% for AMD, 8.2–12.0% for USD, and 7.2–11.0% for EUR. From the 37th month onward, the rate becomes 5.7–9.5% plus a floating component for AMD, 6.7–10.5% plus a floating component for USD, and 6.7–10.5% plus a floating component for EUR. In certain cases, a business mortgage may be offered at a lower interest rate.
Repayment of the loan’s principal and interest is carried out in equal monthly installments. For loans with a floating interest rate, at each payment, the accrued interest for the period specified in the schedule is added to the principal repayment portion. Depending on the circumstances, a separate amortization schedule for the interest and the principal may be established.
Interest is calculated on the outstanding loan balance.
For business mortgages, at the time of loan disbursement, a fee equivalent to 1% of the loan amount is charged to the customer for the purposes of opening, funding, and servicing the loan account.
In the case of a business mortgage, the acquired property serves as collateral. Moreover, the subject of a business mortgage cannot be a residence or any other property intended for residential use. In addition to the acquired real estate, other pledges and/or guarantees may concurrently serve as collateral for the business mortgage.
For business mortgages provided for the purpose of purchasing real estate, insurance of the acquired property may be required. The insurance is arranged through an insurance company approved by the Bank and must be maintained for the entire duration of the business mortgage loan agreement on an annual basis. The insurance premium is determined annually based on the outstanding loan balance throughout the term of the loan.
Find out more:
About the amount of possible additional payments: Loan tarrifs.
Documents verifying the identity of the founders, director, and chief accountant
Certificate of ownership or a lease agreement for the business premises
License (in the case of licensed activities)
Tax clearance certificate regarding obligations to the tax authority
Financial statements for the past year submitted electronically to the tax authority, along with a notification confirming the acceptance of these statements
Certificate(s) of ownership for the collateral(s), technical passport, documents verifying the identity of the owners, marriage certificate, and photographs of the collateral(s)
A copy of the legal entity's charter,1
A copy of the certificate of registration from the State Register of Legal Entities (including any appendices) and a copy of the TIN (if required for legal entities),1
Certificate from the State Register of Legal Entities,1,2,3
Extract from the register for joint-stock companies,3
Resolution of the authorized body (general meeting) regarding the decision to obtain the loan,3
Depending on various circumstances, additional documents and information may be required.
If the client does not have an account with the Bank, they must also provide the documents required to open an account with "ACBA BANK" OJSC (original copies).
1. Documents are required if the data or documents are missing or incorrect in the RA Ministry of Justice State Registry database.
2. The certificate can be obtained from the Bank or the RA Ministry of Justice State Registry Agency. Submission of the certificate is mandatory for legal entity clients, while for individual entrepreneur clients, it is mandatory only if the State Registry certificate with its inserts is not provided.
3. It can be submitted after the Bank makes a positive decision on granting the loan.
The factors for a positive loan approval decision include the assessment of the customer's creditworthiness.
The factors for loan rejection are: unsatisfactory financial indicators obtained from the analysis, the customer's poor credit history, insufficient or lack of necessary collateral, the professional opinion of the Business Consultant, the professional opinion of the Credit Committee.
The decision regarding the loan application is made within 20 banking days after the customer submits the application and the required package of documents.
The customer is notified of the Bank's decision regarding the loan application within 1 banking day following the review.
The loan is provided within 3 banking days after the customer submits the complete package of required documents for lending and the completion of the collateralization process.
In the case of loans provided in foreign currency, exchange rate fluctuations may impact loan repayments.
For foreign currency loans, the annual effective interest rate is calculated based on the exchange rate published on the official website of the Central Bank of Armenia (CBA) as of the loan issuance date. Additionally, the annual effective interest rate may change depending on fluctuations in the exchange rate published on the official website of the Central Bank of Armenia.
The loan can be repaid before the contractual term, in which case the customer pays interest calculated for the actual loan term. If the total repayments made within the period between the scheduled repayments exceed twice the total amount due as per the loan schedule, an additional fee of 0-5% is charged on the excess amount over the double.
In cases of fluctuations in the interest rates of funds attracted and allocated by the Bank in the financial market, and/or changes in the financing interest rate, and/or the presence of such preconditions, and/or if the Borrower uses the loan for non-intended purposes, the Bank may unilaterally change the interest rates and fees stipulated in the contract, provided that the Borrower is notified at least 30 calendar days in advance.
If the loan is provided based on the collateral of real estate, vehicles, agricultural or other equipment, machinery, or devices, and the value of the property is 30 million AMD or more, the property must also be appraised by a qualified independent appraiser cooperating with the Bank.
The loan is processed at the Bank's branches.
Loan repayments are made in the following order (in case of overdue obligations):
Penalties/Fines,
Interest payments,
Principal amount.
Find out below:
Penalties applied in case of failure of the borrower to fulfill his obligations on time
Qualified independent appraisal companies cooperating with the bank
YOU HAVE THE RIGHT TO COMMUNICATE WITH A FINANCIAL ORGANIZATION IN YOUR PREFERRED WAY: BY POSTAL OR ELECTRONIC. RECEIVING INFORMATION ELECTRONIC IS THE MOST CONVENIENT. IT IS AVAILABLE 24/7, FREE FROM THE RISK OF LOSS OF PAPER INFORMATION, AND ENSURES CONFIDENTIALITY.
Seizure of Collateral:
THE COLLATERAL MAY BE SEIZED IF THE BORROWER FAILS TO FULFILL THE PAYMENT OF INTEREST AND PRINCIPAL AMOUNTS ON TIME. IN THE EVENT THE VALUE OF THE COLLATERAL IS INSUFFICIENT, THE BORROWER'S OBLIGATIONS WILL BE SETTLED USING OTHER PROPERTY OWNED BY THE BORROWER.
Information Provided to the Credit Registry
ATTENTION: IN CASE OF FAILURE OR DELAYED FULFILLMENT OF YOUR OBLIGATIONS, THE BANK WILL REPORT THIS INFORMATION TO THE CREDIT BUREAU WITHIN 3 BUSINESS DAYS, WHERE YOUR CREDIT HISTORY WILL BE FORMED. YOU HAVE THE RIGHT TO OBTAIN A COPY OF YOUR CREDIT HISTORY FROM THE CREDIT BUREAU ONCE PER YEAR FREE OF CHARGE.
ATTENTION: A NEGATIVE CREDIT HISTORY CAN AFFECT YOUR ABILITY TO OBTAIN CREDIT IN THE FUTURE.
During the term of the contract, statements are provided via email on a bi-weekly basis unless the customer selects a different communication method.
For Guarantors:
Please be informed that:
If the borrower fails to meet their obligations, you will be required to pay on their behalf, which will negatively impact your credit history and you may lose your property.
You will be provided with examples of the loan, guarantee contracts, and repayment schedule.
Communication will be conducted through the method you have selected.
You will be notified about any changes to the contract terms 7 days in advance.
A reminder regarding the outstanding obligation will be sent 1 day in advance.
In case of a delay in loan repayment, you will be informed within one business day.
Guarantor has the right to:
Request information about the loan balance from the lender at any time.
Recover from the borrower any amounts paid on behalf of the loan.
In case of any discrepancies in the information contained in the Site, as well as inaccurate texts in a foreign language, please be guided by the Armenian version. 27.02.2025 11:59 
Bank takes no responsibility for preciseness and genuineness of the contents, advertisements and possible consequences arising from use of information placed in the referenced websites.
