Energy loan

Under the program, loans are provided for a minimum period of 12 and a maximum period of 60 months.

The objectives of the loan under the program may be the acquisition of energy efficient equipment, machinery, other fixed and working assets, the construction of infrastructure, and implementation of such projects that use renewable energy sources.

You can find out the details on the Bank’s website, and in case of questions you need to visit any branch of the Bank or call the Bank's call center at (+37410) 593333, (+37460) 273333.

Within the framework of the program, the loans are provided in AMD.

Within the framework of the program, the minimum term of continuous business activity is 6 months.

Negative factors of loan refusal are bad credit history, insufficient financial condition, non-compliance of the collateral with the requirements of the Bank, provision of false or unreliable information, provision of such information that causes doubt on the repayment of the loan, and other factors.

Positive factors affecting decision to provide a loan are a good credit history, sufficient financial condition, compliance of the collateral with the requirements of the Bank, good reputation and other factors.

The minimum loan amount under the program is 5,000,000 (five million) AMD, and the maximum is 500,000,000 (five hundred million) AMD. By the decision of the competent body of the bank, an amount lower than the mentioned minimum amount, but not less than 1,000,000 (one million) AMD may be provided; at the same time, in exceptional cases, more than the mentioned maximum amount, not exceeding 1 billion AMD may be provided according to the conditions.

There is no loan application processing and monthly service fee, and upfront fee is 0.5-1% of the loan amount, but not less than 50,000 (fifty thousand) AMD.

Annual nominal interest rate of the loan, starting from 8.5%.

Within the framework of the program, the clients are RA resident micro, small and medium enterprises or individual villagers engaged in agricultural activities, which meet the requirements of the definition of “SME entities” defined by the RA Law on State Support of Small and Medium Enterprises and operate within the RA.