Agricultural Loan "Flex 1"

 

 

 A resident individual registered in the Republic of Armenia, engaged in agricultural activities, who earns stable income from such activities (with at least 3 consecutive months of agricultural activity).

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

  301.000- 40.000.000 AMD 

 3-60 months 14% - 61-84 months 15% 

28.32% - 30.94%

 3–84 months for the acquisition of working capital and fixed assets, as well as for other agricultural purposes (the 61–84-month term is available exclusively with 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. 

 Aged 21–65 (subject to change by the Credit Committee)
 

 0% of the loan amount 

 1% (monthly) on the loan principal balance 

 15.000 AMD 

 Non-cash 

 A grace period of up to 10 months is available within each 12-month period. 

 The total amount of all loans shall not exceed 40,000,000 AMD (Armenian Drams) 

 Guarantee and Collateral Requirements 

  

Guarantor Requirements 

 Guarantors must be aged 21–65 (may be changed 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 (co-obligor) 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 Conditions 

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

 In case of participation (shareholding) of other persons in the client’s agricultural activity, the guarantee of such participant is mandatory regardless of the loan amount. 

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

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

 Any deviations from these conditions shall be approved by the Executive Director.

 

 For loans up to AMD 5,000,000 (inclusive):
The Borrower has the right to fully or partially repay the loan early, without paying any penalty, and to fulfill the contractual obligations ahead of schedule. 

For loans of AMD 5,000,001 and above:
In case of early fulfillment of contractual obligations, including full or partial early repayment of the loan, the Borrower shall pay a penalty of up to 5% (five percent) of the prepaid amount as partial compensation for the Lender’s expected lost income. 

 In addition: 

✔ 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: 

✔ The Borrower may, at their discretion, make payments for future months as предусмотрено by the repayment schedule.
 
 In such case, repayments shall be applied in the following order: 

The Borrower shall be exempt from making payments on the scheduled repayment dates to the extent of the amounts prepaid for future months.
 
 

4.  In case of partial early repayment, the paid amount shall first cover the full upcoming installment as defined in the Borrower’s repayment schedule. If the payment exceeds this amount, the excess shall be applied toward repayment of the loan, unless the Borrower specifies that it should be allocated to future months in accordance with clause 6. 

In such cases, the interest and service fees for future payments shall be recalculated based on the remaining loan balance, and the interest and service fees payable for subsequent month(s) shall decrease proportionally to the amount of early principal repayment. The Borrower shall be informed that the repayment schedule has been modified due to early repayment and may apply to the Lender after one business day to obtain a new repayment schedule or information about the next payment. 

If the Borrower chooses to receive the new schedule by mail, the Lender shall provide (send) it within 3–5 business days. In such case, the new repayment schedule may be issued signed and stamped unilaterally by the Lender’s authorized representative, without the Borrower’s signature. 

5.  If the paid amount is insufficient to fully cover the upcoming installment under the repayment schedule, payments shall be applied first to service and other fees, then to interest, and finally to the principal. 

6.  The Borrower has the right to make payments for future months as per the repayment schedule, requesting that payments be applied in the following order: first, service and other fees for future months; then interest accrued as of the payment date; then future service fees and interest calculated on the remaining balance; and finally the principal for future months, or in another order specified by the Borrower. If no such request is made, the rule defined in clause 4 shall apply. 

7.  If the Borrower makes payments for future months in accordance with clause 6, the Borrower shall be exempt from making payments on scheduled dates to the extent of those prepaid amounts. 

 

  

 

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

 

 

 

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.