Loans under the cattle breeding development program in the Republic of Armenia for 2025-2029

Beneficiaries

Legal entities, communities (if this program is not intended to be implemented through subvention programs) and individual entrepreneurs

Purpose of the loan

Purchase of breeding cattle

Loan currency

Dram RA

Maximum nominal interest rate: 14%

Interest rate as a result of state subsidies

0%

• to the founder of a legal entity and an individual entrepreneur who became disabled as a result of combat duty or actions in the performance of military service
• entrepreneurs operating in border settlements approved by the Decree of the Government of the Republic of Armenia No. 1444-H dated December 18, 2014
• for agricultural cooperatives.

2% — upon purchase of breeding cattle raised in the Republic of Armenia,

3% — when purchasing imported cattle.

Maximum loan amount

Each beneficiary can receive a maximum of 300 head of cattle annually, and the total amount of loans provided under the program cannot exceed 300 million drams per beneficiary.

Loan term

Loan term is set up to 5 years.

Grace period

A grace period of up to 12 months may be set for the principal amount of the loan (during the grace period the
client only pays interest of the loan).

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.

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

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.