Business Loan ''Standard''

Resident Physical entities registered in the Republic of Armenia, legal entities registered in the Republic of Armenia, or individual entrepreneurs who receive stable income from their entrepreneurial activities (having at least 6 months of registration and/or active operations). When receiving loan funds, the borrower must act in their own name and for their own benefit. It is prohibited to take a loan for the benefit of a third party. 

301,000-5,000,000 AMD 

3-48 months 18% - 49-84 months 19% 

34.49 %-36.23 % 

3-60 months, depending on the client's preferred payment date, the loan term may deviate from the specified number of months by up to 45 days. 
(36-48 months for working capital acquisition, 36-84 months for fixed assets and other agricultural purposes). 

 21-65 years old 

 0% of the loan amount 

 1% (monthly) on the loan principal balance 

  15.000 AMD 

 Non-cash 

Up to 4 months grace period is available within each 12 months. 

For this type of loan, grace period payments consist of only interest amount and service fee. 

The total amount of all loans is up to 15,000,000 AMD. (Armenian Drams) 

Age requirement for guarantors: 21-65 years old (subject to change by the credit committee):
 
At least one of the guarantors must be a family member of the borrower, serving as a joint guarantor.
 
In case of absence, the joint guarantor can be replaced with an external subsidiary guarantor.
 
Minimum requirements for a subsidiary guarantor: Possession of stable income comparable to the loan amount (may include salary, account statement of income, entrepreneurial activity, liquid assets, vehicles, real estate) and other factors.
 
Each guarantor can be substituted by providing collateral worth at least 50% of the loan amount in the form of real estate (liquid value) and/or vehicle pledge (liquid value). If there are other participants in the customer's entrepreneurial (business) activities, regardless of the loan amount, obtaining a guarantee from such participants is a mandatory condition for loan security. If necessary, the Credit Committee may require additional forms of security in the form of supplementary guarantors or collateral. 

1.    In case of early fulfillment of contractual obligations, including full or partial loan repayment, the Borrower shall pay a penalty of 2% (two percent) of the amount repaid ahead of schedule, as partial compensation for the Lender's foregone expected income. 

2.    In cases where the loan is repaid early, only the interest amounts due for the subsequent month(s) are proportionally reduced corresponding to the amount of excess loan repayment. 

3.    In case of full early loan repayment, the Borrower shall pay the service and other fees, interest, and loan amount calculated as of the payment date. 

4.    In case of partial early loan repayment, the full amount of the next scheduled payment as defined in the Borrower's Repayment Schedule shall be collected from the paid amount, and in cases where the paid amount exceeds the next scheduled payment amount, the excess portion shall be directed toward loan repayment, except for cases provided in Clause 6 of the Agreement. In this case, future interest payments defined in the loan Repayment Schedule are calculated against the remaining loan balance, and the interest amounts due for subsequent month(s) are reduced corresponding to the excess loan repayment amount. In such cases, the Borrower is informed that the future repayment schedule has changed due to early repayment and that the Borrower may contact the Lender one business day later to receive a new repayment schedule and to learn about the next payment. If the Borrower chooses to receive the new schedule via postal service, the Lender shall provide (send) it to the Borrower within 3-5 business days. In such cases, the new repayment schedule may be provided (sent) to the Borrower only unilaterally signed and stamped by the respective employee of the Lender, without the Borrower's signature. 

5.    In cases where the paid amount is insufficient to cover the full amount of the next payment date as defined in the Borrower's Repayment Schedule, first, the service and other fees shall be repaid, then the interest, and thereafter the loan. 

6.    The Borrower has the right to pay amounts for future months as specified in the Repayment Schedule, requiring that in such case, first the service and other fees for future months shall be repaid, then the interest calculated as of the payment date, thereafter the interest for future months calculated against the remaining loan amount, and finally the loan amount for future months, or specifying a different sequence of repayments. In the absence of such a requirement, the rule defined in Clause 4 of the Agreement shall apply. 

7.    In cases where the Borrower makes payments for future months as defined in Clause 6 of the Agreement, the Borrower shall be exempt from making payments on the days specified in the Repayment Schedule to the extent of such payments. 

1. For Individual Borrowers 

2. For Legal Entities
 

3. For Individual Entrepreneurs
 

 

The organization makes a decision regarding the loan application within a maximum of 2 business days, and the loan is actually disbursed to the borrower within a maximum of 2 business days after loan approval. 

Annuity (the sum of loan principal and interest is paid in equal monthly installments). 

"Arfin" UCO LLC will provide the client with information (statement) regarding the obligations arising from the loan agreement every 30 days. The statement is provided free of charge. You have the right to communicate with the financial organization through your preferred method: by postal mail, electronically, or by phone. 

ATTENTION: Poor credit history may hinder future loan processes.
 
Loans are processed at the office or representative branches of Arfin UCO LLC.
 

"Your Financial Directory" www.fininfo.am is an electronic system that facilitates searching, comparing, and selecting the most effective options of services offered to individuals. 

What is a credit history? Credit history shows how you have fulfilled and continue to fulfill all your financial and credit obligations. Your credit history includes only data from the last 5 years from the date of the credit history inquiry (received loans - their quantity and amount, type and terms of each loan, repayment performance, guarantees provided to other people, presence of overdue loans, as well as associated fines and penalties). Example: If an inquiry about your credit history is made in July 2024, your credit history will reflect information only from July 2019 onwards. We also inform you that receiving a credit report from ACRA Credit Bureau once a year is free of charge. You can obtain your credit report online from the ACRA Credit Bureau website (www.acra.am) once a year and check your credit behavior. If you notice any errors, contact the lending organization to correct them. 

 What is a SCORE? 

The score is a customer creditworthiness rating formed in the scoring system, which is obtained through the analysis of various available information about the customer and the application of statistical methods. Based on the score rating, the possible credit limit, term, and other conditions for a specific type of loan can be determined. 

Arfin UCO LLC uses the ACRA SP3 complete report in the lending process, through which customer data is collected and analyzed, as well as information from various available information sources such as ACRA Credit Bureau, EKENG, NORK, and other databases is analyzed. Internal analysis algorithms are based on several key parameters, including the customer's credit history and financial behavior, credit load, income, and other factors. 

To improve the SCORE rating, the borrower can: 

For more detailed information, you can visit the following links:
abcfinance.am
acra.am