.::ARDSHININVESTBANK::.

Entrepreneurial loans

Credit period	according to the program presented by Customer, but not more then the term resulted in the creditworthiness estimate
Repayment conditions	based on the origination opportunity of Customer cash flow and simultaneously coordinating with Customer moreover full repayment of credit amount by schedule cannot be planned
Interest rate	12-24% annually, is counted on the decreasing balance of credit, 2% annually for not usable part of credit line
Maximum amount of the loan	restricted by capital size
Maximum value of Credit to Pledge	max. 70% of credit to pledge rate moreover when counting the pledge value realization value of every type of pledge item given by specialized company is served as a basis. If the pledge item are turnover means then their weight in the pledge item total value can’t exceed 30%
Currency	AMD, USD, EUR
Fee for credit request study	AMD 5'000
Fee for credit service	0.3% of the credit amount at a time, min AMD 10'000, max AMD 500'000
Fee for main agreement of the credit	AMD 50’000 lump sum, moreover, the sum is to be paid till the actual credit provision date inclusively
Penalty for overdue interests	0.5%, daily
Penalty for overdue loan	2.5 times over the Central Bank banking interest rate at the moment of signing the credit agreement
Pledge items	real estate, movable assets and turnover means
The way of credit issufing	Cash or non cash, moreover in case of cash credit provision if the credit amount exceeds 20% of contractual amount then it can be provided exceptionally in case when it is possible to control the usage of cash money direction
Timeframe of decision making	the right or negative decision on issuing a credit (credit line or overdraft) is made within 15 operational days after all the necessary documents are applied
The factors of credit granting or denial	Credits are issued taking into account the positive credit history of the Client, absence of overdue obligations within a period of applying of application and issuing the credit and estimate of creditworthiness given by the Bank
Appraisal of the pledge item	The pledge item ought to be estimated by the partner licensed company
Insurance of the pledged item	At the cased given in the agreement the pledge item is to be insured by the partner licensed company
Place of credit registration	the branches and head office of the Bank
ATTENTION The interest rate of the credit can be changed according to the cases mentioned in the Agreement.

Credits for the RA resident soul entrepreneurs ^New

Credit period	max. 36 months
Interest rate	For the credits provided in USD - 22%, For the credits provided in EUR - 20%
Credit and interest repayment	Monthly annuity according to the calculation
Minimum credit amount	Foreign currency equivalent to AMD 1 million at the average exchange rate formulated at the currency market of the CBA at the previous day of presenting the application
Maximum credit amount	Foreign currency equivalent to AMD 15'000'000 at the average exchange rate formulated at the currency market of the CBA at the previous day of presenting the application
Maximum rate of Credit to Pledge	For the credits of up to 24 months(inclusive) - 50%. For the credits from 25 to 36 months - 40%
Currency	USD, EUR
Fee for credit request study	AMD 5'000
Fee for credit service	0.5% of credit residual, annually
Pledge item	Real estate in the the cities of the RA or in Stepanakert city
Penalty for overdue interests	0.3%, daily
Interests for overdue credit amount	2.5 times over the Central Bank settlement rate of banking interest rate at the moment of signing the credit agreement
Insurance of the pledged item	Each year, moreover the insurance amount is 110% of the annual credit residual, and the insurance payment amounts to 0.2% of 110% from the annual credit residual
Penalty in case of not pledging an additional estate during the depreciation of pledge value	5% of credit residual
Penalty for an aimless use of credit	10% of the aimlessly used amount
Credit provision	cash and non-cash
Decision making period	the positive or negative decision on issuing a credit (credit line or overdraft) is made within 10 calendar days after all the necessary documents are applied
The factors of credit granting or denial	The credits are provided to the resident soul entrepreneurs, who have no overdue liabilities as at the day of presenting the application and the sum of the days of overdue liabilities does not exceed 30 days during 12 months of presenting the application, the guarantors must have positiv credit history.
Appraisal of the pledge item	the pledge item ought to be estimated by the partner licensed company
The place for credit registration	branches of the Bank
ATTENTION The interest rate of the credit may be changes in case and at the amount designed for the agreement. The credit may be repaid prematurely. In case of pre-term credit repayment or the part of it penalty is levied by the amount mentioned in the agreement.

Gold pledge credits provided to individuals

Credit period			1-6 months
Currency			AMD
Credit amount			no limitations
Interest rate			24% annually, is counted on the decreasing balance of the credit
Credit repayment			at the end of credit period
Interest payment			monthly, at the moment of signing the credit agreement (discount credit) or at the end of credit period
Interests for overdue credits			2.5 times over the Central Bank settlement rate of banking interest rate at the moment of signing the credit agreement
Fee for credit provision			AMD 500 for the credits up to AMD 100`000 for credits more then AMD 100`001 - AMD 500 plus 0.5%, but not more then AMD 10'000
Maximum rate of Credit to Pledge			85%
Penalty for overdue interests			0.3% daily
The minimum and maximum scale of the fine in case of not pledging additional property in the course of the decrease of gold pledge value (or emerging such a threat) or in case of not repaying a part of the credit prematurely			5% of the credit balance
Fee for storage of gold values			AMD 500
Credit provision			cash or non-cash
The reasons of credit granting or denial			credits are issued taking into account the absence of overdue obligations
Decision making period			1 day
The place for credit registration			branches of the Bank
Credit amount granted for 1 gram of gold (in AMD)
Hallmarks	1gr 380	1gr 585	1gr 750	1gr 860	1gr 900	1gr 958	1gr 999
Up to 31 days of credit period in case of credit liabilities are paid at the end of the term	4'500	6'900	8'800	10'100	10'600	11'300	11'800
31 - 90 days of credit period in case of credit liabilities are paid at the end of the term	4'300	6'600	8'500	9'700	10'200	10'800	11'300
91- 180 days of credit period in case of credit liabilities are paid at the end of the term	4'000	6'200	7'900	9'100	9'500	10'100	10'600
31 - 90 days of credit period in case of credit liabilities are paid in advance	4'600	7'000	9'000	10'300	10'800	11'500	12'000
91- 180 days of credit period in case of credit liabilities are paid in advance	4'550	6'950	8'900	10'200	10'700	11'400	11'900
Up to 180 days of credit period in case the interest rates of credits are paid every month regardless of the term of agreement	4'500	6'900	8'800	10'100	10'600	11'300	11'800
Application - Claim to get gold pledge credits An example of actual interest rate calculation for gold pledge credit The list of the required documents
ATTENTION The Creditor can make pre-term full repayment of the credit or a part of it and get back the pledge items and no penalty is charged with the exception of the cases when the credit amount doesn’t exceed AMD 100`000 or then AMD 10`000`000. In this case the repayment of the whole credit sum or the part of it within 30 days of credit issuing the Creditor pays accrued interest for a month, and if all interests for the credit are paid at the start of the credit granting then credit interests are recalculated when pre-term repaying of the interests corresponding to the real term of the credit usage (keeping the above mentioned requirements) and in the result of recalculation the excess money is returned to the Creditor. In case of violating the Agreement between the Creditor and the Bank, the Bank notifies the Creditor on pledge item levy in written form without applying to the Court. If the amount obtained after pledge item realization isn’t sufficient to comply all obligations toward the Bank the latter have a right to obtain the rest amount from other property of the Creditor. The Bank obligations covered by the pledge item are satisfied by the Court decision if a ban is imposed by the state authorized persons or at other cases determined by the law. The time of realization process of the pledge item can’t be a base for ceasing the increase of Creditor obligations. At the expense of the amount obtained from the pledge item realization all obligations toward the Bank are covered at the date of pledge item realization.

Deposit pledge credits provided to individuals

Credit period	maximum 10 months, no longer than deposit validation period
Currency	at deposit currency
Credit provision	In case of Armenian Dram – cash and non-cash In case of US dollars or Euro – non-cash – by payment cards
Interest rates	annual interest for funds attracted from the Customer plus 4 interest point, but not less than 10% annually
Interest payment	- monthly, - at the moment of credit registration (discount credit), - at the end of the credit period
Repayment conditions	at the end of the credit period
Interests for overdue credits	2.5 times over the CB banking interest rate at the moment of signing the credit agreement
Penalty for overdue interests	0.3% daily
Prolongation of credit agreement period	each time with maximum 10 months period, but not longer than the period for deposit validation, moreover no changes in asset classes and, consequently, no additional provisions are made to the special reserves, and the credit conditions are defined according to the acting conditions as at the prolongation day
Pledge	funds belonging to the creditor or to the family member (family members in this sence are creditor's spouse, parents or children)
Maximum rate of Credit to Pledge	- 98% of the pledge value, if the interests for the credit are fully paid at the moment of credit registration (discount credit), - 97% of the pledge value, if the interests for the credit are paid monthly , - 85% of the pledge value, if the interests for the credit are fully paid at the end of credit period
Credit encashment expressed in Armenian Drams	free of charge
Fee for credit service	free of charge
The factors of credit granting or denial	credits are issued taking into account the absence of overdue obligations
Timeframe of decision making	in a working day after presenting the full package
Place of credit registration	the branches and head office of the Bank
Application - Claim An example of actual interest rate calculation The list of the required documents
In case of pre-term credit repayment or the part of it no penalty is charged from the Creditor.

Credits for acquisition of new cars

“Armenia Lada” CJSC, "Karkomavto" LLC, "Fora" LLC, "Muran" LLC, "Megna" LLC, "Galoper" LLC, "Naverik" LLC, "Vekar" LLC, "Toyota-Yerevan" LLC, “Union” LLC, “A.A.B. Project” LLC, “Magas Invest” CJSC and "Megamotors" LLC other foreign cars
Minimum prepayment rate	Maximum period (year)	Annual interest rate	Maximum value of Credit to Pledge	Annual fee for credit service (AMD)
				Credit amount of up to 5'000'000	Credit amount of 5'000'001 and over
50%	3	50% max	20.0%	20'000	40'000
“Global Motors” CJSC, "Big Deal" LLC, A.G.K. Service and "Gouvle" LLC CIS production cars
Minimum prepayment rate	Maximum period(year)	Maximum value of Credit to Pledge	Annual interest rate	Annual fee for credit service
				Credit amount of up to 2'000'000	Credit amount of 2'000'001 and over
60%	3	40% max	22.0%	20'000	40'000
Currency			AMD
Repayment condition			monthly equal payments of interest amount and principal (annuity)
Credit amount			max AMD 10'000'000
Penalty for overdue interests			0.5% daily
Penalty for overdue credit			four times over the Central Bank banking interest rate at the moment of signing the credit agreement
Car insurance (required condition)			2.5% of credit balance paid yearly
Credit provision			non-cash
Timeframe of decision making			the right or negative decision on issuing a credit (credit line or overdraft) is made within 7 operational days after all the necessary documents are applied
The factors of credit granting or denial			Credits are issued taking into account the positive credit history of the Client, absence of overdue obligations within a period of applying of application and issuing the credit and estimate of creditworthiness given by the Bank
The place of credit registration			branches of the Bank
Application - Claim to get a consumer loan (for the purchase of means of transport) An example of actual interest rate calculation for automobile credit The list of required documents
In case of pre-term credit repayment or the part of it no penalty is charged from the Creditor. ATTENTION The Bank, with no additional document formation have the right to: (by informing the Creditor) - rise the annual interest rate including but not exceptionally in case of increase of the Central Bank banking interest rate. The increase of annual interest rate comes into force within 14 calendar days after notifying the Creditor on the changes, if no longer date is mentioned in the Bank notification. - decrease the annual interest rate including but not exceptionally in case of decrease of the Central Bank banking interest rate. The decrease of annual interest rate comes into force at the date mentioned in the Bank notification. - change the annual interest decision order. The changes come info force within 14 calendar days after notifying the creditor on the changes, if no longer date is mentioned in the Bank notification. - change the penalty rate and/or determine a date within which the penalty isn’t charged. The change of the penalty rate and the period determined within which the penalty isn’t charged comes into force at the date mentioned in the Bank notification. The real interest rate is due to changes if the payments mentioned in the Agreement change. The cases that cause changes in annual interest rate are notified to the Creditor. The credit annual real interest rate change comes into force within 14 calendar days after notifying the creditor on the changes, if no longer date is mentioned in the Bank notification.

Credits for acquisition of commodities

Credit period	up to 12 months
Currency	AMD
Repayment conditions	monthly equal payments from the sum of interest amount and principal (annuity)
Interest rates	two times over the CB banking interest rate
Prepayment	min 50% of the commodity acquired
Maximum rate of Credit to Pledge	50%
Maximum credit amount	AMD 800'000
Fee for credit service	AMD 5'000
Penalty for overdue interests	0.5% daily
Penalty for overdue loan	four times over the CB banking interest rate at the moment of signing the credit agreement
The factors of credit granting or denial	Credits are issued taking into account the positive credit history of the Client, absence of overdue obligations within a period of applying application and credit issuing and estimate of creditworthiness given by the Bank
The pledge item	the commodity acquired on the credit
Credit provision	non-cash
The time of decision making	the right or negative decision on issuing a credit (credit line or overdraft) is made within 1 banking day after all the necessary documents are applied
The place of credit registration	branches of the Bank
Application - Claim to get a consumer credit (for the purchase of commodities) An example of interest rate calculation for consumer credits The list of required documents
In case of pre-term credit repayment or the part of it no penalty is charged from the Creditor. ATTENTION The Bank, with no additional document formation have the right to: (by informing the Creditor) - rise the annual interest rate including but not exceptionally in case of increase of the Central Bank banking interest rate. The increase of annual interest rate comes into force within 14 calendar days after notifying the Creditor on the changes, if no longer date is mentioned in the Bank notification. - decrease the annual interest rate including but not exceptionally in case of decrease of the Central Bank banking interest rate. The decrease of annual interest rate comes into force at the date mentioned in the Bank notification. - change the annual interest decision order. The changes come info force within 14 calendar days after notifying the creditor on the changes, if no longer date is mentioned in the Bank notification. - change the penalty rate and/or determine a date within which the penalty isn’t charged. The change of the penalty rate and the period determined within which the penalty isn’t charged comes into force at the date mentioned in the Bank notification. The real interest rate is due to changes if the payments mentioned in the Agreement change. The cases that cause changes in annual interest rate are notified to the Creditor. The credit annual real interest rate change comes into force within 14 calendar days after notifying the creditor on the changes, if no longer date is mentioned in the Bank notification.

Mortgage loan

Mortgage loans under the stable house financing programs of KFW

Mortgage loans in cooperation with the "National Mortgage Company"

Mortgage loans in cooperation with UCO "House for youngs" ^New

Mortgage loans from the Bank's own resources ^New

Application - Claim to get a mortgage loan

The list of required documents

Credits for tuition fees

Credit period	max. 6 months
Repayment conditions	monthly equal repayment of principal amount and interests
Interest rate	two times over the CB banking interest rate
Maximum amount of the loan	max. AMD 450'000 for one semester
Fee for credit request study	AMD 1'500
Fee for credit service	AMD 3'000
Penalty for overdue interests	0.5% daily
Penalty for overdue loan	four times over the CB banking interest rate at the moment of signing the credit agreement
The factors of credit granting or denial	Credits are issued taking into account the positive credit history of the Client, absence of overdue obligations within a period of applying application and credit issuing and estimate of creditworthiness given by the Bank
Pledge items	the trustful Client guarantee of the Bank
Timeframe of decision making	the right or negative decision on issuing a credit (credit line or overdraft) is made within 5 operational days after all the necessary documents are applied
Place of credit registration	the branches and head office of the Bank
Application - Claim to get a credit for tuition fees An example of actual interest rate calculation of credits for tuition fees The list of required documents
In case of pre-term credit repayment or the part of it no penalty is charged from the Creditor. ATTENTION The Bank, with no additional document formation have the right to: (by informing the Creditor) - rise the annual interest rate including but not exceptionally in case of increase of the Central Bank banking interest rate. The increase of annual interest rate comes into force within 14 calendar days after notifying the Creditor on the changes, if no longer date is mentioned in the Bank notification. - decrease the annual interest rate including but not exceptionally in case of decrease of the Central Bank banking interest rate. The decrease of annual interest rate comes into force at the date mentioned in the Bank notification. - change the annual interest decision order. The changes come info force within 14 calendar days after notifying the creditor on the changes, if no longer date is mentioned in the Bank notification. - change the penalty rate and/or determine a date within which the penalty isn’t charged. The change of the penalty rate and the period determined within which the penalty isn’t charged comes into force at the date mentioned in the Bank notification. The real interest rate is due to changes if the payments mentioned in the Agreement change. The cases that cause changes in annual interest rate are notified to the Creditor. The credit annual real interest rate change comes into force within 14 calendar days after notifying the creditor on the changes, if no longer date is mentioned in the Bank notification.

Guarantees in AMD and foreign currency

Guarantees are provided
- for tender participation,
for receiving a prepayment,
for work accomplishment,
other.
The place of guarantee registration - the branches and the head office of the Bank
Interest rates - 1-3% per year, min AMD 10'000.
Maximum rate of Guarantee to Pledge - 70% if the pledge item is real estate, 60% if a movable property, 95% if fund.

Tariffs of Guarantees

Credit line

Interest rate for those part of the credit line not in use	2%
Interest rate for the part of the credit line in use	12-24 %
The time of decision making	the positive or negative decision on issuing a credit is made within 15 calendar days after all the necessary documents are applied
The factors of credit granting or denial	credits are issued taking into account the positive credit history of the Client, absence of overdue obligations within a period of applying application and credit issuing and estimate of creditworthiness given by the Bank
Frequency of overdraft repayment	with the term of annulment at every 30 day
No interest-free credits are extended for credit lines (overdrafts).

Credits under the programs of agricultural development

Credits extended within a program for economic development of the rural areas and a program for development of agribusiness and small-volume agricultural trades.

Credits granted within the program of National Center for Armenian SME Development Assistance

Credit period	Up to 36 months
Repayment conditions	based on Agreement
Annual interest rate	15%
Maximum credit amount	60% of pledged real estate + 50% of pledged fixed assets + guarantee of SME DNC fund
Maximum rate of Credit to Pledge	max 70% of credit to pledge rate moreover when counting the pledge value realization value of every type of pledge item given by specialized company is served as a basis. If the pledge item are turnover means then their weight in the pledge item total value can’t exceed 30%
Currency	AMD
Fee for credit request study	AMD 5'000
Fee for credit service	2% of the credit amount at a time
Fee for main agreement of the credit	AMD 50'000 at a time, moreover, the sum is to be paid till the actual credit provision date inclusively
Penalty for overdue interests	0.3% daily
Penalty for overdue loan	2.5 times over the CB banking interest rate at the moment of signing the credit agreement
Pledge item	real estate, movable property, turnover means, guarantee of SME DNC fund
The way of credit issuing	Cash or non cash, moreover in case of cash credit provision if the credit amount exceeds 20% of contractual amount then it can be provided exceptionally in case when it is possible to control the usage of cash money direction
The time of decision making	the positive or negative decision on issuing a credit (credit line or overdraft) is made within 15 calendar days after all the necessary documents are applied
The factors of credit granting or denial	credits are issued taking into account the positive credit history of the Client, absence of overdue obligations within a period of applying of application and issuing the credit and estimate of creditworthiness given by the Bank
Appraisal of the pledge item	the pledge item ought to be estimated by the partner licensed company
Insurance of the pledged item	At the cased given in the agreement the pledge item is to be insured by the partnet licensed company
Place of credit registration	the branches and head office of the Bank

Credits granted within the program of KFW for contribution to SME

Credit period	18-36 months
Repayment conditions	mothly equal payments starting from the first month
Annual interest rate	18%-22%
Maximum credit amount	AMD 60'000'000
Maximum rate of Credit to Pledge	max. 70% of credit to pledge rate moreover when counting the pledge value realization value of every type of pledge item given by specialized company is served as a basis. If the pledge item are turnover means then their weight in the pledge item total value can’t exceed 30%
Currency	AMD
Fee for credit request study	AMD 5'000
Fee for credit service	0.3% of the credit amount at a time, min AMD 10'000, max AMD 500'000
Fee for main agreement of the credit	AMD 50'000 at a time, moreover, the sum is to be paid till the actual credit provision date inclusively
Penalty for overdue interests	0.3% daily
Penalty for overdue loan	2.5 times over the CB banking interest rate at the moment of signing the credit agreement
Pledge item	real estate, movable property, turnover means
The way of credit issuing	Cash or non cash, moreover in case of cash credit provision if the credit amount exceeds 20% of contractual amount then it can be provided exceptionally in case when it is possible to control the usage of cash money direction
The time of decision making	the positive or negative decision on issuing a credit (credit line or overdraft) is made within 15 calendar days after all the necessary documents are applied
The factors of credit granting or denial	credits are issued taking into account the positive credit history of the Client, absence of overdue obligations within a period of applying of application and issuing the credit and estimate of creditworthiness given by the Bank
Appraisal of the pledge item	the pledge item ought to be estimated by the partner licensed company
Insurance of the pledged item	At the cased given in the agreement the pledge item is to be insured by the partner licensed company
Place of credit registration	the branches and head office of the Bank

Credits granted within “From water to the market” program of Fond of Millennium challenges

Credit period	24-84 months
Grace period	up to 12 months
Annual interest rate	11.5%
Maximum credit amount	AMD 10'500'000
Maximum rate of Credit to Pledge	max. 70% of credit to pledge rate moreover when counting the pledge value realization value of every type of pledge item given by specialized company is served as a basis. If the pledge item are turnover means then their weight in the pledge item total value can’t exceed 30%
Currency	AMD
Fee for credit request study	AMD 5'000
Fee for credit service	2% of the credit amount at a time, max AMD 500'000
Penalty for overdue interests	0.3% daily
Penalty for overdue loan	2.5 times over the CB banking interest rate at the moment of signing the credit agreement
Pledge item	real estate, movable property, turnover means
The way of credit issuing	Cash or non cash, moreover in case of cash credit provision if the credit amount exceeds 20% of contractual amount then it can be provided exceptionally in case when it is possible to control the usage of cash money direction
The time of decision making	the positive or negative decision on issuing a credit (credit line or overdraft) is made within 15 calendar days after all the necessary documents are applied
The factors of credit granting or denial	credits are issued taking into account the positive credit history of the Client, absence of overdue obligations within a period of applying of application and issuing the credit and estimate of creditworthiness given by the Bank
Appraisal of the pledge item	the pledge item ought to be estimated by the partner licensed company
Insurance of the pledged item	At the cased given in the agreement the pledge item is to be insured by the partner licensed company
Place of credit registration	the branches and head office of the Bank

Credits granted within “Marketing opportunities for farmers” program of international fund of agriculture development.

Maximum credit amount	USD 150'000
Credit period	up to 84 months
Grace period for a credit repayment	up to 18 months
Repayment conditions	monthly payments according to fixed schedule
Annual interest rate	13%
Maximum rate of Credit to Pledge	for credits secured by real estate (credit line, overdraft) 60% of the estimated pledge item, 50% for credits secured by the movable property, 95% for credits secured by the fund
Currency	AMD
Fee for credit request study	AMD 5'000
Fee for credit service	0.3% of the credit amount at a time, min AMD 10'000, max AMD 500'000
Fee for main agreement of the credit	AMD 25'000 - for credits up to AMD 10'000'000, AMD 50'000 for credits over AMD 10'000'000
Penalty for overdue interests	0.5% daily
Penalty for overdue loan	four times over the CB banking interest rate at the moment of signing the credit agreement
Pledge item	real estate, movable property, funds, securities and other values
The way of credit issuing	non-cash, in some cases in cash
The time of decision making	the positive or negative decision on issuing a credit (credit line or overdraft) is made within 15 calendar days after all the necessary documents are applied
The factors of credit granting or denial	credits are issued taking into account the positive credit history of the Client, absence of overdue obligations within a period of applying of application and issuing the credit and estimate of creditworthiness given by the Bank
Appraisal of the pledge item	the pledge item ought to be estimated by the partner licensed company
Insurance of the pledged item	At the cased given in the agreement the pledge item is to be insured by the partner licensed company
Place of credit registration	the branches and head office of the Bank

Credits, granted for reconstruction of small hydro energy stations or construction of new hydro energy stations
within KFW credit program for “Recoverable Energy Development”

Credit currency	AMD, USD, EUR
Credit period	up to 96 months
Annual interest rate	10.5%, is counted on decreasing balance of the credit
Grace period for credit repayment	up to 24 months
Maximum amount of the credit in accordance with credit contract period and evaluated value of pledge	with credit repayment period up to 48 months- till 70% of evaluated value of pledge, with credit the repayment period 48-96 months- till 60% of evaluated value of pledge
Annual interest rate for overdue credit	2.5 times over the CB banking interest rate at the moment of signing the credit agreement
Penalty for overdue credit	0.3% daily
Fee for credit request study	AMD 150'000
Fee for credit service	0.3% of credit contract amount, min AMD 10'000, max AMD 500'000, at a time
Pledge item	real estate, movable property, turnover means
The time of decision making	the positive or negative decision on issuing a credit is made within 15 calendar days after all the necessary documents are applied
The factors of credit granting or denial	credits are issued taking into account the positive credit history of the Client, absence of overdue obligations within a period of applying application and credit issuing and estimate of creditworthiness given by the Bank
Other terms	intention of debtor to invest min. 30% of project's predetermined value from private funds
The place of credit registration	the branches and head office of the Bank in the area of RA

Credit, granted in the context of civil heating program and credit contract
between ‘Ardshininvestbank’ CJSC and “RA Fund for removable energy and energy saving”

Maximum credit amount	USD 500'000 or equivalent AMD
Minimum credit amount	USD 10'000 or AMD 5'000'000
Maximum credit period	84 months
Annual interest rate	12-24%, is counted on decreasing balance of credit
Annual interest rate for	2.5 times over the CB banking interest rate at the moment of signing the credit agreement
Penalty for overdue credit	0,3% daily
Grace period for credit service	for credits up to 24 months of repayment period-6 months for credits more than 24 months of repayment period-12 months
Fee for credit service	0.3% of credit contract amount, min AMD 10'000, max AMD 500'000, not repayable
Fee for credit request study	AMD 5'000 (in case of credit request refusal the sum is not subject to return)
The time of decision making	the positive or negative decision on issuing a credit is made within 15 calendar days after all the necessary documents are applied
The factors of credit granting or denial	credits are issued taking into account the positive credit history of the Client, absence of overdue obligations within a period of applying application and credit issuing and estimate of creditworthiness given by the Bank
Extended credit amount depending on credit repayment period and evaluated pledge value	for credits with up to 36 months of repayment period - max 70% of evaluated value of pledge for credits with 36-84 months of repayment period - max 60% evaluated value of pledge
Pledge item	real estate, movable property, turnover means
Other terms	intention of debtor to invest min 30% of project's predetermined value from private funds
The place for credit registration	´the branches and head office of the Bank in the area of RA

ATTENTION Your assets (house, car, etc.) may be levied if you don't make payments of interest, credit amount within the prescribed time, as well as other regulations specified in the Agreement between You and the Bank.
In case you do not repay the interests or credit amount within the prescribed time, information about You will be entered into the Credit Register.

If the implementation of Creditor’s obligation is secured, then at violation of the obligation undertaken by the creditor (not meeting the obligations or doing it in improper manner) the Bank satisfies its demand without taking it into court by recovering and realizing the pledge item on behalf of Depositor, accepting by right of ownership or by means of handover to the third person by right of ownership, or by means of condemnation of the pledge property by means of juridical covering in order, provided by pledge agreement concluded.

The credit application provider is informed on the decision on granting credit or credit denial within 2 business days after making a decision, with the exception of credits ensured by gold and fund when the application provider is informed at the day of application is applied.
The credit is granted after making all necessary action related to credit provision and after preparing all the legal documents (if necessary after being notarized) but if the credit is not formalized within 25 banking days then twice allowance of decision making person is necessary.