Progress Loans ''Fleqs2''

 Consumer

 A resident individual registered in the Republic of Armenia who receives stable income from home-based and entrepreneurial activities. 

When receiving loan funds, the Borrower must act in their own name and for their own benefit. Obtaining a loan for the benefit of a third party is prohibited. 

  301,000-10,000,000 AMD 

  17% 

35.53%-37.60%

 3–60 months; the 49–60 months term is available exclusively with real estate collateral. (Depending on the Borrower’s preferred payment date, the loan term may deviate from the specified number of months by up to 45 days.) 

 21–65 years of age (subject to possible modification by the Credit Committee). 

   0% of the loan amount 

   1.25% (monthly) on the loan principal balance 

   15.000 AMD 

   Non-cash 

  Not provided 

  The total amount of all loans is up to 10,000,000 AMD. (Armenian Drams) 

 Guarantee and Collateral Requirements

  

Guarantor Requirements 

 Guarantors must be between 21 and 65 years of age (subject to modification by decision of the Credit Committee). 

 For loans of AMD 2,000,001 and above, at least one guarantor must be a family member of the Borrower acting as a joint and several guarantors. 

 In the absence of a joint and several guarantors, it may be replaced by an external subsidiary guarantor.

  

Minimum Requirements for a Subsidiary Guarantor 

A subsidiary guarantor must be: 

 a natural or legal person with a stable source of income and/or profit comparable to the amount of the loan being granted; and/or 

 a natural or legal person owning a vehicle and/or real estate comparable to the amount of the loan being granted; or 

 any other person capable of exerting significant influence over the proper performance of the loan obligations.

  

 Each guarantor may be substituted by collateral in the form of a vehicle, provided that it secures at least 50% of the loan amount based on its liquid value. 

 In case of participation of other persons in the Customer’s home-based business activity (as partners/shareholders), the guarantee of such participant shall be mandatory, regardless of the loan amount. 

 The above guarantor requirements shall not apply to loans secured by real estate; however, in such cases, the presence of at least one joint and several guarantors shall be mandatory. 

 Where necessary, the Credit Committee may require additional guarantors and/or collateral. 

 Any deviations from these terms shall be subject to the approval of the Executive Director. 

 

 The Borrower shall have the right, without paying any penalty, to make full or partial early repayment of the loan and to perform the obligations stipulated under the agreement. 
 

Moreover: 

✔ In case of full early repayment of the loan, the Borrower shall pay the interest accrued as of the payment date, service fees, other applicable fees, and the principal amount of the loan. 

✔ In case of partial early repayment of the loan:
 the full amount due for the next scheduled installment under the Borrower’s repayment schedule shall be collected. If the payment made exceeds the amount due for the upcoming installment, the excess amount shall be applied toward repayment of future monthly installments. 

If the amount paid is insufficient to fully cover the next scheduled installment, repayment shall be made in the following order: 

✔ The Borrower may, at their discretion, make advance payments for future months as provided in the repayment schedule.
  

In that case, repayments shall be made in the following order: 

  The Borrower shall be exempt from making payments on the scheduled repayment dates to the extent of advance payments made for future months. In case of early repayment of the loan, the interest and service fees for future months shall be proportionally reduced in accordance with the additional amount of principal repaid.
 In case of full early repayment of the loan, the Borrower shall pay the service and other fees, interest accrued as of the payment date, and the principal amount of the loan. 
 

4. In case of partial early repayment of the loan, from the amount paid, the upcoming repayment amount specified in the Borrower’s repayment schedule shall be deducted. If the amount paid exceeds the upcoming repayment amount, the excess shall be directed toward loan repayment, except in cases provided for in clause 6. In such case, the interest payments and service fees specified in the loan repayment schedule for subsequent periods shall be calculated based on the remaining loan balance, and the amount of the excess early repayment shall proportionally reduce the interest payments and service fees due for the following month(s). In this case, the Borrower shall be informed that, due to early repayment, the subsequent repayment schedule has been changed, and that to obtain a new repayment schedule and to learn about the next payment, the Borrower may contact the Lender after one working day. If the Borrower chooses to receive the new schedule via postal delivery, the Lender shall provide (send) it within 3–5 working days. In this case, the new repayment schedule may be provided (sent) to the Borrower only in a one-sided signed and stamped form by the authorized employee of the Lender, without the Borrower’s signature. 

5. If the amount paid is insufficient to fully cover the upcoming repayment amount specified in the Borrower’s repayment schedule, first the service fees and other charges are repaid, then the interest (if any), and thereafter the loan principal. 

6. The Borrower has the right to pay the amounts for the upcoming months specified in the repayment schedule, requesting that in this case the following order of repayment be applied: first, service fees and other charges for future months, then interest calculated as of the payment date, then interest on the remaining loan principal for future months, and finally the principal amount for future months, or to specify a different repayment order. If no such request is made, the rule set out in clause 4 shall apply. 

7. In cases where the Borrower makes payments for future months in accordance with clause 6, the Borrower is exempted from making payments on the dates specified in the repayment schedule to the extent of those advance payments. 

 

 

 The organization makes a decision regarding the loan application within a maximum of 2 business days (provided that the complete package of documents submitted by the client is available), and the loan is actually disbursed to the borrower within a maximum of 2 business days after the loan has been approved. 

  Annuity (the loan is repaid through equal monthly installments consisting of principal, interest, and service fees). 

 

 

  "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 

   The Terms and Conditions for the provision and subsequent servicing of loans were adopted and approved by Order No. 52 of the Executive Director of ARFIN UCO LLC, Mr. Ararat Jaghatspanyan, dated 23 April 2026.