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Services
BUSINESS LOANS
This product is intended for small and medium enterprises, which immediately need resources to replenish the working capital and make investments.
 
Services

AMD loans for business development

 

Conditions Decription
Loan type Entrepreneurial
Borrower Private entrepreneur,  Legal entity
Currency of the credit AMD
Credit amount AMD 3.000.000 – 30.000.000 
Loan maturity
3-48 months  replenishment of the working capital and capital investments
In the case of credit line up to 11 years
 
Periodic repayments of credit amount  

Once a month.
-Each year in January and February, grace period on loan principal repayment is defined. During mentioned months the borrower pays only interest payments.
-Grace period on loan principal repayment can also be defined after 3 months loan is disbursed, based on the mutual agreement between confirmation cycle and borrower. 

 
Periodic repayments of interest amount Once a month
Annual interest rate
  • In case of loans up to AMD 10,000,000 (including)  - 18%
  • In case of loans exceeding AMD 10,000,000 - 15%;
Application fee  AMD 5.000 
Existence of active business  At least 12 months
Loan repayment methodology  Loan repayment methodology is based on the peculiarity of each business
Loan disbursement up-front fee  
3 %, but not greater than AMD 450.000*
*- is charged at the disbursment
Loan disbursement
methodology 
In cash or by bank transfer to the borrower’s bank account number or by SEF’s transit account
Loan security (collateral) type 
  • Real estate
  • Mobile property
  • Guarantee (in addition to the property collateral), as additional security 
Loan/security ratio  80%  for real estate 
 40%-80%  for mobile estate, according to it’s liquidity
Loan security (collateral) assessment Loan security (collateral) can be assessed in case of mutual agreement between Company and the Borrower, no additional fees required 
Security
-In case of mobile property the borrower must insure the mobile property based on the decision Credit Committee by loan amount or collateral market cost amount in one of the  insurance companies suggested by Organization or chosen by the borrower. The borrower has insurance costs for the collateral insurance, according to insurance rate, which is 0.5-2.5 % of the loan amount or collateral market cost amount during the loan maturity. 

-In case of breaking collateral inurance conditions according to the collateral contract, Organization may demand early loan repayment. 

 
Repayment of overdue liabilities For each delayed day a penalty in the amount of 0.3% of the overdue amount shall be accrued starting from the first overdue day.
 
Borrower must pay a charge for each overdue payment:
 

  • In case of loan contracts up to AMD 500.000 or USD 2000, AMD 3000
  • In case of loan contracts  500.001- AMD 1.000.000 or  USD 2001- 3500 AMD 5000
  • In case of loan contracts AMD 1.000.000- 1.500.000 or  USD 3501- 5000 AMD 7500
  •  In case of loan contracts AMD 1.500.000 - USD 2.000.000  or 5001-7000, AMD 10000
  • In case of loan contracts more than AMD 2.000.000 or USD 7000, AMD 15000
In case of failing the obligations, if collateral is not enough to fullfill the obligation, obligation  can be fullfilled by other property owned. 
 

ATTENTION
 
YOUR PROPERTY MAY BE EXPROPRIATED, IF YOU FAIL TO MAKE REPAYMENTS OF YOUR LOAN AND INTERESTS ON TIME.
 
ATTENTION
 
IF YOU FAIL TO MAKE THE REPAYMENTS ON TIME THE INFORMATION ABOUT YOU SHALL BE REGISTERED IN THE CREDIT REGISTER.
Conditions of early (including partial) loan repayment In case the borrower pays off the loan fully after loan disbursement, only interest credited at the date and loan amount is paid
Approval period 7 working days after receiving all required documents
Factors impacting the loan extension • Peculiarities of the economic activities carried out by the borrower
• Financial indicators of the borrower's activity
• History and current state of the credit's business activity
• Credit history    
• Capacity of paying the loan and interest amounts, credit risk
• Compliance with SEF’s requirements of internal regulations
Loan term
The loan is disbursed by the loan agreement and after legal registration of pledge agreement during one day, if nothing else is provided between the borrower and the Company
 
Loan confirmation cycle  BIG Loan Comitee of Head office
Loan formulation place "SEF International UCO" LLC branch offices
Fluctuations of the foreign currency rate may impact the loan repayments.


Sample Loan Repayment Schedule

 Credit amount
 (AMD)



5.000.000
Loan maturity/ 48 months
Average montly repayments
AMD 148.000


For foreign currency loans the interest rates, late payment charges, as well as loan disbursement and service fees are paid in AMD, according to the law about Armenian dram currency regulation and foreign exchange control.

 Documents required for loan disbursement. 


For private entrepreneurs
  • Loan application
  • Passport and its photocopy of the borrower 
  • Borrower’s social security card and its photocopy
  • Private entrepreneur’s registration certificate
  • Tax code
  • License (if the borrower is engaged in activity that is requried a license)
  • Photocopy of marriage, divorce, death certificate
  • Certificate from borrower’s residention address statement (3rd form) or Passport office
  • Tax, financial and other reports
  • Applicant’s income statement
  • Certificates for other property owned 
  • Loan officer may require other documents concerning borrower’s solvency/credibility
  • Inquiries from Datalex system about civil, administrative, criminal, bankruptcy orders and payment terms
  • Inquiries from e-register.am and  taxservice.am system about business operating information
 
For legal entities
  • Loan application
  • State register certificate
  • Tax code
  • Legal entity’s decision for receiving the loan
  • Director’s passport and social security card
  • Shareholders’ passports and social security cards
  • License (if the borrower is engaged in an activity, which requries a license)
  • Bank account summery
  • Financial reports(Form 1-5)
  • Tax office certificate about payments
  • Loan officer may require other documents concerning borrower’s solvency.
  • Inquiries from Datalex system about civil, administrative, criminal, bankruptcy orders and payment terms
  • Inquiries from e-register.am and  taxservice.am system about business operating information 
Branches & Offices

Noyemberyan Branch
Zoravar Andranik street 6/2
Noyemberyan
Ararat Branch
Ogostos 23 79 b
Artashat
Yerevan Branch
19/19 Yervand Kochar Street
Yerevan
Armavir Branch
Erevanyan street, 33/5
Armavir
All Branches
Updated: 02.08.2017(12:35)
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