Loans for the development of intensive horticulture, modern technologies implementation and promotion of non-traditional high-value crop production

Beneficiaries

Legal entities, communities, individual entrepreneurs

 Loan currency

AMD, USD

Amount of loan interest rate subsidy:

7 – 14% /AMD/, 3 – 8% /USD/

Repayment period and grace period:

1.     Orchard establishment: 8 years (grace period up to 5 years),

2.    Anti-hail nets without orchard establishment: 7 years (grace period up to 3 years),

3.    Modern irrigation systems without orchard establishment: 4 years (grace period up to 1 year),

4.    Cultivation of non-traditional crops: 2 years (in case of asparagus: 5 years), (grace period up to 1 year, (in case of asparagus: up to 4 years)).

You can get acquainted with the details of the program at the following link 

Amounts payable to the Development and Investment Corporation of Armenia for the provision of a loan

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.

Useful information

• In case of necessity to change significant conditions (interest rate, commission, penalty, term, volume of liability)
  which will increase the liability of the guarantor or cause other adverse consequences, the guarantor shall be
  notified in advance (7 days before the change). the mentioned change is made in accordance with the procedure
  pre-selected by the guarantor, and in case of the latter’s consent, the mentioned change is made.
• The customer has the right to communicate by mail or e-mail.

Other lending terms are common to all types of loans you can find at the following link.