ArFin

Terms and plans

Loan Purpose	Acquisition of working capital Acquisition of fixed assets Implementation of operational expenses Purposes related to agricultural activities
Borrower Residency and Activity	A resident individual registered in the Republic of Armenia engaged in agriculture, who receives stable income from their agricultural activities (resides and conducts agricultural activities continuously for at least 3 months). When receiving loan funds, the borrower must act on their own behalf and for their own benefit. Taking a loan on behalf of or for the benefit of a third party is prohibited.
Loan amount	301,000-10,000,000 AMD
Loan Nominal Interest Rate	0%
Annual Effective Interest Rate	35.68%-41.05%
Term	3-60 months, 49-60 months 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.
Client Age	21-65 years old
Provision Fee	0% of the loan amount
Service fee	1.8% monthly fee for 3-24 month, 1.85% monthly fee for 25-60 month, against the loan principal amount
Fee for the revision of existing loan agreement terms	15.000 AMD
Loan Provision Method	Non-cash
Grace Period	Not provided
Parallel Loans / Loans to Related Parties	The total amount of all loans is up to 10,000,000 AMD. (Armenian Drams)
Loan Security	For loans up to 500,000 AMD - one guarantor For loans from 501,000 to 2,000,000 AMD - one subsidiary guarantor For loans from 2,000,001 to 4,000,000 AMD - three guarantors and/or collateral in the form of real estate or vehicle For loans from 4,000,001-10,000,000 AMD - real estate collateral is required. 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.
Early Loan Repayment Terms	The borrower has the right to fully or partially repay the loan early and fulfill the contractual obligations without paying any penalties. Specifically: In case of full early repayment, the borrower pays the accrued interest as of the payment date, service fee, other fees (if any), and the loan principal amount In case of partial early repayment: If the paid amount meets or exceeds the next scheduled payment amount as per the borrower's repayment schedule, any excess amount will be directed towards the repayment of the loan principal for future months. When the amount is insufficient to cover the full upcoming payment as defined in the borrower's repayment schedule, the repayment is processed in the following order: State duty (if applicable) Penalties Service and other fees Interest Principal amount The borrower may choose to make payments for future months as scheduled in the repayment schedule, but in this case, a written application must be submitted to the organization.
Penalties and Interest	In case of non-fulfillment and/or partial fulfillment of obligations within the terms specified in the repayment schedule, the borrower is obligated to pay penalties to the lender: A daily rate of 0.13% on the overdue (unpaid) loan amount for each day of delay, for a maximum of 90 days, after which penalties are suspended from day 91 until legal proceedings are initiated. Starting from the day following the court filing, the daily penalty calculation resumes for up to 270 days, after which it ceases. A daily penalty of 0.13% is charged on overdue (unpaid) interest amounts for each day of delay, for a maximum of 90 days, after which penalties are suspended starting from day 91. If the borrower violates the loan payment deadlines specified in the loan agreement's repayment schedule (scheduled overdue), the annual interest rate calculation stipulated in the contract ceases for the overdue portion, starting from the day of delay until the actual repayment date of the overdue amount, interest begins to accrue at an annual rate of 24 percent (twenty-four percent). During judicial or extrajudicial proceedings, the loan interest continues to accrue until the contract ends, after which interest continues to accrue at the rate of the Central Bank of Armenia's banking interest rate as of the loan disbursement date. In case of overdue loan and interest obligations by the borrower and insufficient paid amounts, the obligations are repaid in the following order: first, the lender's expenses directed at obtaining the fulfillment of obligations are covered, followed by service fees, accrued penalties, interest, and the loan principal amount.
Required Documents List	1. For Individual Borrowers Passport/ID card and social security card of the client Passports/ID cards and social security cards of guarantors, security documents Other documents (as required by the Credit Committee) 2. For Legal Entities State Registry Certificate (insert) Charter Tax Code (TIN) Passports/ID cards and social security cards of director and shareholders Financial statements for the most recent reporting period Authorized body's decision regarding loan application and (providing company property as collateral) Passports/ID cards and social security cards of guarantors, documents regarding income or property ownership Other documents (as required by the Credit Committee) 3. For Individual Entrepreneurs State Registry Certificate Passport/ID card and social security card of the individual entrepreneur and guarantor Marriage certificate (if applicable) Other documents (as required by the Credit Committee)
Loan Processing Time	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.
Loan Rejection Factors	Presence of overdue obligations (loans, guarantees) at the time of loan application Insufficient creditworthiness Lack of collateral and/or guarantee Negative credit history Insufficient income Other risks
Positive Factors for Loan Approval	Presence of positive credit history Absence of overdue obligations (loans, guarantees) at the time of loan application Sufficient level of creditworthiness Presence of collateral and/or guarantee Ownership of property Sufficient income Operational transparency
Loan Repayment Schedule	Annuity (the sum of loan principal and interest is paid in equal monthly installments).
Attention	LOAN INTEREST IS CALCULATED BASED ON THE NOMINAL INTEREST RATE. THE ANNUAL PERCENTAGE RATE (APR) SHOWS HOW MUCH THE LOAN WILL COST THE BORROWER IF ALL INTEREST PAYMENTS AND OTHER FEES ARE MADE IN THE SPECIFIED AMOUNTS AND TIMEFRAMES. THE CALCULATION METHOD FOR THE ANNUAL PERCENTAGE RATE CAN BE FOUND IN REGULATION 8/01 APPROVED BY THE BOARD OF THE CENTRAL BANK OF ARMENIA. The borrower may unilaterally terminate the loan agreement within seven business days following its signing (cooling-off period); in case of such termination, the borrower shall pay interest for using the loan amount according to the annual percentage rate.
NOTICE	"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.
DECLARATION	The company provides an INDIVIDUAL INFORMATION SHEET before signing the loan agreement, per Regulation 8/05 approved by the Board of the Central Bank of Armenia. Information about loans secured by real estate can also be obtained from the Financial Assistant system on the Finances for All website www.abcfinance.am.
WARNING	The nominal interest rate of this loan may be changed by "Arfin" UCO LLC. The lender has the right to unilaterally change the loan interest rate in case of violation of contractual obligations by the borrower (according to the schedule). The property of the borrower and/or guarantor may be confiscated by the law if they fail to make timely payments of interest and loan amounts. In case of failure to fulfill or improper fulfillment of loan obligations, the pledgee shall notify the pledgors in writing about the confiscation of the pledged item without court intervention. Two months after the notification is delivered, the pledgee, under Article 249 of the Civil Code of the Republic of Armenia and maintaining the rules of preemptive right to purchase, has the right to sell the pledged item on behalf of and at the expense of the pledgor through direct sale or commodity exchanges, or transfer the pledged item into ownership of the company or a person designated by the company in exchange for the corresponding amount of loan obligation. In the case of repaying obligations through the pledge, if the pledge is insufficient to cover the borrower's loan obligations, the confiscation extends to other property of the borrower. In case of failure to fulfill or improper fulfillment of loan obligations, after 3 business days, the lender will publish this information in the Credit Registry and ACRA Credit Bureau, where the customer's credit history is formed. The customer has the right to obtain their credit history from ACRA Credit Bureau once a year free of charge. ATTENTION: Poor credit history may hinder future loan processes. Loans are processed at the office or representative branches of Arfin UCO LLC.
ATTENTION	"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.
Information About Credit History and SCORE Rating	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: Pay off or reduce the number/amount of overdue loans Avoid generating overdue obligations even for one day in the future Reduce the number and amount of provided guarantees Ensure complete repayment of overdue amounts for provided guarantees Reduce the number and balances of existing loans by partially or fully repaying them For more detailed information, you can visit the following links: abcfinance.am acra.am
Internal Legal Act Approving the Terms and Conditions	The Terms and Conditions for the provision and subsequent servicing of loans were adopted and approved by Order No. 38 of the Executive Director of ARFIN UCO LLC, Mr. Ararat Jaghatspanyan, dated 25 June 2025.

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