Tel.: (374 10) 20 28 22
 
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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
Business purchase loans

Conditions Description
Name of the product Business loan
Target clientele Private enterprneurs and legal entities
Currency of the credit USD
Credit amount From  USD 50.000 000 equivalent amount in AMD, up to  USD 15.000
Loan maturity 6-48 months
Periodic repayments of credit amount and interest amount Monthly
Nominal annual interest amount  16% 
One-off  service payment  3% 
Monthly service payment 0.2%  In the case of prepaid loans, the fee is charged according to the number of days used
Restrictions Loans are disbursed only for purchasing goods from the  outlet, having partnership  contracts with SEF.
Loan repayment methodology Repayment of the loan and interests shall be performed on annuity basis (equal monthly installments – principle + interests). The interest rate shall be applied towards the reducing balance
Security (collateral) type
  • Purchased goods
  • Guarantee in some cases
Repayment of overdue liabilities For each delayed day a penalty in the amount of 0.4% of the overdue amount shall be accrued starting from the first overdue day.
In case of failing the obligations, if collateral is not enough  to fullfill the obligation, obligation  can be fullfilled by borrower’s other property.

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 during 4 months after loan disbursement, fee is charged in amount of 1 % of early paid amount.
Loan extension methodology Bank transfer to theselling shop’s bank account
Approval period 2 working days after receiving all required documents
Loan registration place SEF International UCO LLC’s “Kentron” branch 
Factors impacting on the loan extension • Credit history
•  Capacity of paying the loan and interest amounts, credit risk
•  Compliance with SEF’s requirements of internal regulations

Sample Loan Repayment Schedule


Credit amount
 (AMD)
Loan maturity
6 months 36 months
In case of each repayment
5000       882.65        185.79
10000       1765.3       371.57

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.

  Private entrepreneur Legal entity
State register certificate X X
Tax account X X
Regulation - X
Director’s passport and public license plate X X
Other    
Replenishment statement X X
Tax reports X X
Founder’s decision of taking a loan - X
Documents supporting turnover X X

Schedule 1:  Loan disbursement  period schedule     

  Period
  minimal maximal
Industrial and trading equipment 180 1080
Agricultural technique 180 1440
Building equipment   180 1080
Computers and electronic technique 180 720
Medical equipment 180 1080
Other 180 1080










FINANCIAL ASSISTANT
www.abcfinance.am
Branches & Offices

Stepanavan Branch
6a G. Nzhdeh Street
Stepanavan
Kapan Branch
6 Melik-Stepanyan
Kapan
Kentron Branch
6/23 Hyusisayin Avenue
Yerevan
Gyumri Branch
1/3 Tigran Mets Street
Gyumri
All Branches
Updated: 27.02.2014(14:54)
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Company takes no responsibility for preciseness and genuineness of the contents, advertisements and possible consequences arising from use of information placed in the referenced web sites.
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