Business leasing

Lending terms and tariffs

Loan type

Leasing

Loan purpose

Acquiring a car under leasing terms

Borrower requirements

Armenian resident legal entities and sole traders aged 18–65, provided that their age at the end of the contract will not exceed 65

Lending limit

1 000 000 ֏ – 50 000 000 ֏

Loan currency

Armenian dram

Term

12–72 mo

Nominal annual rate*

11–17%

Annual percentage rate

11.98–20.67%

Application review fee

Not charged

One-off origination fee

1%

Servicing fee*

0%

Disbursement method

Cashless, in full, by transfer to the borrower's bank account

Interest calculation method

On declining balance

Loan security

The car that is the subject of the lease

Guarantee

One guarantor — no income document required

Down payment

10–50%

Mandatory property insurance

0.43% — for the first year — on the full value of the property

Early repayment penalty

Not charged

Penalty on overdue amount

0.13% of the overdue amount for each day of delay

Order of debt repayment

Penalties and fines, interest, servicing fee, principal

Decision on the application

1–2 business days. Once approved, the loan is disbursed within 10 business days at the latest

Validity of a positive decision

7 business days

Place of disbursement

Head office: 24 V. Vagharshyan St., Yerevan

Required documents

Passport or ID card, public services number. For secured loans — also ownership and valuation documents

Factors affecting a positive decision

Complete set of required documents · Positive credit history · Sufficient income and solvency · Reliable information

Factors affecting a refusal

Negative credit history · Provision of unreliable data · Insufficient income and solvency

* The interest rate, servicing fee and term are set individually, based on the client's credit history and solvency.