Expand your business exports or imports through our Export-Import Credit lines, which offer competitive interest rates and flexible repayment options. Credit lines can be provided without collateral, without financial and economic analysis. Ensure the uninterrupted flow of your business.
Expand your business turnover by ensuring the continuity of financial flows.
You can arrange the credit line without collateral and without financial and economic analysis through a fast and simplified procedure.
Credit lines are provided in USD at annual interest rates starting from 7% and in EUR at annual interest rates starting from 5.5%.
The maximum term of the credit line is 6 months; in case of loan restructuring, the maximum loan term is 12 months
Collateral and/or guarantee serves as security for export and import financing.
Annual interest rate on the used portion of the credit line - USD: 7-9% (actual: 7.99%-10.76%), EUR: 5.5-7% (actual: 6.43-8.65%)
In case of loan restructuring, annual interest rate on the loan - USD: 8-10% (actual: 8.3-10.47%), EUR: 7-8% (actual: 7.23-8.3%)
Annual interest rate on the unused portion of the credit line - 0%
Credit lines are provided to legal entities and individual entrepreneurs (IEs) for the purpose of carrying out exports and/or imports
Credit lines are provided to legal entities or individual entrepreneurs that have carried out continuous business activity during the last 12 months.
The credit line is provided in foreign currency on a cashless basis, based on an invoice, contract, or other documents certifying export/import
The maximum term of the credit line is 6 months; in case of loan restructuring, the maximum loan term is 12 months; no minimum term is defined
The minimum amount of the credit line is the foreign currency equivalent of AMD 150,000; no maximum amount is defined
When determining the maximum amount of the credit line, the movement of the customer's accounts with the Bank and/or the results of the financial and economic analysis of the customer's activity are taken as a basis
Credit lines may also be provided without a financial and economic analysis of the customer's activity if the criteria applicable at the Bank are met
Annual interest rate on the used portion of the credit line - USD: 7-9%, EUR: 5.5-7% (actual interest rate: USD: 7.99%-10.76%, EUR: 6.43-8.65%)
In case of loan restructuring, annual interest rate on the loan - USD: 8-10%, EUR: 7-8% (actual interest rate: USD: 8.3-10.47%, EUR: 7.23-8.3%)
Annual interest rate on the unused portion of the credit line - 0%
Full repayment of the credit line and interest accrued thereon is made at the end of the credit line term
Interest on the credit line is calculated based on the used and unused portions of the credit line
Collateral and/or guarantee serves as security for the credit line.
The total amount of the credit line secured by immovable property and 12 months' interest must not exceed 90.91% of the appraised value of the collateral.
Identity documents of the founders, director, and chief accountant,
certificate of ownership or lease agreement for the business premises
license (in case of licensed activity),
certificate from the tax inspection regarding obligations,
reports for the last 1 year submitted electronically to the Tax Inspection and notification confirming that the reports have been accepted,
certificate of ownership of the collateral(s), technical passport, identity documents of the owners, marriage certificate, and photographs of the collateral,
copy of the legal entity's charter,1
copy of the certificate of state registration of legal entities (with its inserts) and copy of the TIN (for legal entities, required as necessary),1
certificate from the State Register of Legal Entities,1,2,3
extract from the register in case of a joint-stock company.3
decision of the authorized body (general meeting) regarding taking out a loan,3
Depending on various circumstances, additional documents and information may be required.
If you do not have an account with the Bank, you must also submit the required documents (originals) for opening an account with “ACBA Bank” OJSC. Details here.
1 Documents are required if the data or documents are missing or incorrect in the database of the State Register of the RA Ministry of Justice.
2 The certificate can be obtained from the Bank or the State Register Agency of the RA Ministry of Justice; submission of the certificate by legal entity customers is mandatory, while for individual entrepreneur customers it is mandatory if the certificate of state registration of legal entities with its inserts is not submitted.
3 May be submitted after the Bank makes a positive decision to provide the loan.
If you do not have an account with the Bank, you must also submit the required documents (originals) for opening an account with “ACBA Bank” OJSC.
The factors for a positive decision on providing a loan are the assessment of the customer's creditworthiness,
The factors for loan rejection are insufficient financial indicators resulting from the analysis, poor credit history of the customer, insufficient/lack of required security, the professional opinion of the Business Consultant, and the professional opinion of the Credit Committee.
A decision regarding the loan application is made within 20 banking days after the customer submits the application and the required package of documents,
The Bank's decision resulting from the review of the loan application is communicated to the customer within 1 banking day,
The loan is provided within 3 banking days after the customer submits the complete package of documents required for lending and the collateralization process is completed,
In case of loans provided in foreign currency, changes in the foreign exchange rate may affect loan repayments,
For foreign currency loans, the exchange rate published on the official website of the Central Bank of Armenia on the date of loan provision is used as the basis for calculating the annual actual interest rate; moreover, the annual actual interest rate may change depending on changes in the exchange rate published on the official website of the Central Bank of Armenia.
The loan may be repaid before the contractual maturity date, in which case the customer pays the interest calculated for the actual term of the loan; if the total amount of repayments made between scheduled repayments exceeds twice the total amount due under the loan repayment schedule, the customer also pays 0-5% of the amount exceeding the double amount. Exceptions are loans of up to AMD 5,000,000 or the equivalent in foreign currency provided to micro commercial organizations defined under the RA Law “On State Support for Small and Medium-Sized Entrepreneurship”, as well as secured Business Loans and unsecured (Express) Business Loans of up to AMD 5,000,000 or the equivalent in foreign currency provided to micro individual entrepreneurs, for which, in case of early repayment before the contractual maturity date, only the interest calculated for the actual term of the loan is charged
In case of fluctuations in the interest rates of funds attracted and placed by the Bank in the financial market and/or changes in the financing rate and/or the existence of such prerequisites and/or non-purposeful use of the loan by the Borrower, the Bank may unilaterally change the interest rates and commissions defined by the agreement, notifying the Borrower at least 30 calendar days in advance.
If the loan is provided against collateral in the form of immovable property, a vehicle, agricultural and other machinery, equipment and devices, and the property is appraised at AMD 30 million 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 Head Office and branches, except for Komitas, Yeritasardakan, Teryan, Shinarnirner, Homplex Mall, Gyumri, Ashtarak, Aragats branches. The full list of the Bank's branches.
Loan repayments are made in the following order (in case of overdue obligations:
Penalty/fine,
Interest,
Principal:
See below.
Penalties applied in case of the Borrower's failure to fulfill their obligations on time
Qualified independent appraisal companies cooperating with the Bank
Penalties applied in case of the Borrower's failure to fulfill their obligations on time: A penalty of 0.13% is calculated for each overdue day.
The following payments may be made by the consumer for obtaining the loan:
Immovable property appraisal service fee - AMD 5,000 and above, depending on the area and type of property
Notary service fee - AMD 3,000 - 15,000
Fee for registration certificate of the right to pledge immovable property - AMD 2,000-25,000
Fee for a unified certificate (regarding restrictions on immovable property) - AMD 10,000
Fees related to pledging other property - AMD 2,000-10,000
All fees are included in the calculation of the actual interest rate.
Detailed information on the amount of possible additional payments and all the points presented: Loan Tariffs:
Previous Loan Tariff Terms.
See below. Penalties applied in case of the Borrower's failure to fulfill their obligations on time:
A penalty of 0.13% is calculated for each overdue day.
Interest Calculation:
The interest on loans provided by “ACBA BANK” OJSC is calculated daily on the declining loan balance, while the interest on credit lines provided is calculated daily on the used amount of the credit line, according to the following formula:
Daily interest = Loan amount (balance) x Annual interest rate ÷ 365
Example of daily interest calculation:
Loan amount - AMD 1,000,000
Annual nominal interest rate - 9%
Loan term - 36 months
The daily interest will be:
Loan amount (balance) × Loan interest rate ÷ 365 = (1,000,000×9%÷365) = AMD 246.58
*the repayment amount may vary depending on the number of days in the given month
ATTENTION: LOAN INTEREST IS CALCULATED BASED ON THE NOMINAL INTEREST RATE. THE ANNUAL ACTUAL INTEREST RATE SHOWS HOW MUCH THE LOAN WILL COST YOU IF ALL MANDATORY PAYMENTS FOR THE PROVISION AND SERVICING OF THE LOAN ARE MADE WITHIN THE SPECIFIED TERMS AND IN THE SPECIFIED AMOUNTS. YOU CAN FIND THE PROCEDURE FOR CALCULATING THE ANNUAL ACTUAL INTEREST RATE AT THE FOLLOWING ADDRESS.
YOU HAVE THE RIGHT TO COMMUNICATE WITH THE FINANCIAL ORGANIZATION THROUGH YOUR PREFERRED METHOD, BY POSTAL MAIL OR ELECTRONICALLY. RECEIVING INFORMATION ELECTRONICALLY IS THE MOST CONVENIENT. IT IS AVAILABLE 24/7, FREE FROM THE RISKS OF LOSS OF PAPER INFORMATION AND ENSURES CONFIDENTIALITY.
Collateral Foreclosure
THE PLEDGED PROPERTY MAY BE FORECLOSED IF THE BORROWER FAILS TO MAKE INTEREST AND LOAN REPAYMENTS ON TIME. IF THE VALUE OF THE COLLATERAL IS INSUFFICIENT, THE BORROWER'S OBLIGATIONS WILL BE REPAID FROM THE BORROWER'S OTHER PROPERTY.
Information Provided to the Credit Registry
ATTENTION: IF YOU FAIL TO FULFILL OR INCOMPLETELY FULFILL YOUR OBLIGATION, THE LENDER WILL SEND THIS INFORMATION TO A CREDIT BUREAU AFTER 3 BUSINESS DAYS, WHERE YOUR CREDIT HISTORY IS FORMED. YOU HAVE THE RIGHT TO OBTAIN YOUR CREDIT HISTORY FROM THE CREDIT BUREAU FREE OF CHARGE ONCE A YEAR.
ATTENTION: A POOR CREDIT HISTORY MAY PREVENT YOU FROM OBTAINING A LOAN IN THE FUTURE.
During the term of the agreement, the loan account statement and other information required to be provided free of charge under RA legislation are provided free of charge. A statement not required to be provided under RA legislation, as well as a duplicate of a statement, is provided for:
up to 6 months (inclusive) of age - free of charge,
6 to 12 months (inclusive) of age - AMD 2,000 (including VAT),
more than 1 year of age - AMD 3,000 (including VAT).
Certificates are provided:
up to 6 months (inclusive) of age - free of charge, 6 to 12 months (inclusive) of age - AMD 2,000 (including VAT), more than 1 year of age - AMD 3,000 (including VAT),
on the same business day, within 1 hour - AMD 7,000 (including VAT); when applying through the acba digital system - AMD 5,000 (including VAT)
through the delivery service - AMD 6,000 (including VAT); when applying through the acba digital system - AMD 4,000 (including VAT)
Duplicates of documents are provided for:
documents up to 3 months old - AMD 1,000 (including VAT),
documents 3 -12 months old - AMD 2,000 (including VAT),
documents 3 years old - AMD 5,000 (including VAT),
documents more than 3 years old - AMD 10,000 (including VAT).
FOR GUARANTORS
We inform you that
If the borrower fails to fulfill their obligations, you will have to pay on their behalf, your credit history will deteriorate, and you may lose your property.
You will be provided with a copy of the loan and guarantee agreements and repayment schedule.
Communication will be carried out through the method chosen by you.
You will be notified 7 days in advance of any changes to the terms of the agreement.
A reminder regarding the existing obligation will be sent 1 day in advance.
In case of late repayment of the loan, you will be informed about it no later than one day later.
THE GUARANTOR HAS THE RIGHT TO
Request information from the lender at any time regarding the outstanding loan balance.
Recover from the borrower the amounts they have paid for the loan, as well as other damages incurred on behalf of the borrower.
Regarding credit history and score assessment
abcfinance.am
arca.am
