Progress Loans ''Standard''

A resident individual registered in the Republic of Armenia who earns stable income from their home-based and/or business activities. 

The borrower must act in their own name and for their own benefit when receiving the loan funds. It is prohibited to obtain a loan for the benefit of a third party. 

301,000-10,000,000 AMD

19%

40.24%-42.89%

 3–60 months, with 49–60 months available exclusively against real estate collateral (depending on the client’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 change by the Credit Committee). 

 0% of the loan amount 

 1.40% (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 21–65 years of age (subject to change by decision of the Credit Committee). 

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

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

 
 Minimum requirements for a subsidiary guarantor:
A subsidiary guarantor must be:

  

Other Terms 

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

If other persons participate (as partners/shareholders) in the customer’s home-based business activity, the guarantee of such participant is mandatory, regardless of the loan amount. 

The above-mentioned guarantor requirements do not apply to loans secured by real estate; however, in such cases, the presence of at least one joint (co-) guarantor is mandatory. 

If necessary, the credit committee may require additional guarantors and/or collateral.

The borrower has the right to fully or partially repay the loan early and fulfill the contractual obligations without paying any penalties. 

 

Additionally: 

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

✔ In case of partial early repayment of the loan:
 the full amount due for the next scheduled payment, as defined by the repayment schedule, shall be collected. If the payment made exceeds the amount due for the upcoming installment, the excess amount shall be applied toward the repayment of the loan for subsequent months. 

If the paid amount is insufficient to cover the full amount due for the next scheduled payment date, the repayment shall be allocated in the following order: 

✔ The borrower may, at their discretion, make payments for future months as предусмотрено in the repayment schedule.
  

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

 

The borrower shall be exempted from making payments on the scheduled repayment dates to the extent of the payments made in advance for future months. 

4.  In case of partial early repayment of the loan, the amount paid shall first be used to cover the full amount due for the next scheduled repayment date as defined in the Borrower’s repayment schedule. If the amount paid exceeds the amount due for the upcoming installment, the excess shall be directed toward loan repayment, except in cases where the Borrower specifies that the amount should be allocated to future months under clause 6. In such case, the interest and service fees for future payments as defined in the repayment schedule shall be calculated based on the remaining loan balance, and the interest and service fees for the following month(s) shall be reduced proportionally to the excess repaid amount. In this case, the Borrower shall be informed that, due to early repayment, the future repayment schedule has been modified, and that in order to receive the updated repayment schedule and obtain information on the next due payment, the Borrower may contact the Lender one business day later. If the Borrower chooses to receive the new schedule via postal service, the Lender shall provide (send) it within 3–5 business days. In such cases, the new repayment schedule may be provided (sent) to the Borrower only as unilaterally signed and stamped by the Lender’s authorized employee, without the Borrower’s signature. 

5.  If the amount paid is insufficient to fully cover the upcoming scheduled payment under the Borrower’s repayment schedule, the payment shall be applied in the following order: service and other fees, interest, and then principal. 

6.  The Borrower has the right to pay amounts for future months as provided in the repayment schedule, requesting that payments be applied in the following order: first, service and other fees for future months; second, interest calculated as of the payment date; third, service fees and interest for future months calculated on the remaining loan balance; and finally, the principal amount for future months, or may specify a different repayment order. In the absence of such a request, the rule set out in clause 4 shall apply. 

7.  In cases where the Borrower makes advance payments for future months in accordance with clause 6, the Borrower shall be exempted from making payments on the scheduled due dates to the extent of such advance payments. 

 

 

 The organization shall make a decision on the loan application within a maximum of 2 business days (provided that the complete set of documents is submitted by the customer), and the loan shall be disbursed to the borrower within a maximum of 2 business days after approval of the loan. 

 

Annuity (The loan is repaid through equal monthly installments consisting of principal, interest, and service fee payments). 

"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.