Provision of loans within the Framework of The Program of subsidization of interest rates of agricultural loans.
The loan amount per loan is 3-15 million AMD
The balance of the loan or the total amount of loans provided to each household under the project may not exceed 15 million AMD.
Beneficiary using subsidy programs with other loans provided by the state budget of each year cannot participate in the Program.
Interest rate: As a result of state subsidies
|For border settlements||0%|
|For the rest of the communities in the Republic of Armenia||Nominal interest rate 5%
Actual interest rate 5.12% under the following conditions
|Agricultural Cooperatives||Nominal interest rate 3%
Actual interest rate 3.04% under the following conditions
The loan is provided to individual entrepreneurs and legal entities that have received a certificate from the Ministry of Agriculture of the Republic of Armenia.
Loan term is up to 5 years
· If the share of the working capital in the structure of the investments is more than 30%, the crediting will be for up to 2 years.· If the share of fixed assets in the structure of the investments is 70% or more, lending will be carried out for up to 5 years /.
Loan repayment procedure
The loan may be granted a grace period of up to 12 months (During the grace period the client only pays interest on the loan).
The subsidization of interest rate is stopped, if:
- there are overdue liabilities to the loan for more than 60 days cumulatively in one year period (last 12 months) or, because of overdue liabilities the loan is not classified in standard class .
- as a result of monitoring there is a violation of the terms of the Program.
- In case of improper use of the loan
Money paid to Development and Investment Corporation of Armenian for lending
The corporation does not set any other fees for services.
Possible early repayment terms and conditions:
There are no fines or penalties for early repayment of the loan