Export and pre-export insurance
Expand export volumes: simply submit the certificate of insurance issued by the EIAA and make use of export/pre-export financing.
Export financing
Purpose of the loan | export financing | ||
Loan maturity | 1-12 months | ||
Annual nominal interest rate of the loan | |||
Currency/Maturity | 1-3 months | 4-6 months | 7-12 months |
USD | 6% | 6.5% | 7% |
Euro | 4% | 4.5% | 5% |
Maximum loan amount | "The insurance amount specified in the certificate of insurance issued by the "Export Insurance Agency of Armenia" ICJSC, minus non-refundable amount | ||
Loan security | "The right to get refund of the insurance amount on the basis of the certificate of insurance issued by the "Export Insurance Agency of Armenia" ICJSC | ||
One-off fee for loan disbursement |
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Fee for review of the loan application |
AMD 0 |
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Repayment procedure | The loan is issued on the condition of monthly repayment of the interest amount and the opportunity to repay the principal loan amount at the end of the maturity term | ||
Other conditions | According to the Bank’s regulation |
Pre-export financing
Purpose of the loan | purchase of raw materials and other materials required for manufacturing of the products /services/ specified in the export agreement, as well as making other expenses | ||
Loan maturity | 1-12 months | ||
Annual nominal interest rate of the loan* | |||
Currency/Maturity | 1-6 months | 7-12 months | |
USD | 6-7% | 7-8% | |
Euro | 5% | 5.5-6% | |
Maximum loan amount | "The insurance amount specified in the certificate of insurance issued by the "Export Insurance Agency of Armenia" ICJSC, minus non-refundable amount | ||
Loan security | "The right to get refund of the insurance amount on the basis of the certificate of insurance issued by the "Export Insurance Agency of Armenia" ICJSC, personal guarantee of the significant participants and head of the executive body of the borrower company, pledge of a share in the borrower company | ||
One-off fee for loan disbursement |
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||
Fee for review of the loan application |
AMD 0 |
||
Repayment procedure | The loan is issued on the condition of monthly repayment of the interest amount and the opportunity to repay the principal loan amount at the end of the maturity term | ||
Other conditions | According to the Bank’s regulation |
* The interest rate does not include the insurance premium, which is paid by the bank and afterwards charged from the customer.