* These terms do not apply to finance lease issued under the RA Law “On Consumer Crediting”.
** The rate and term of lease depend on the level of risk associated with the contract, type of property to be purchased and specifics of business. Lease rate depends also on term of lease.
Maximum lease rate shall not exceed 24%.
*** Whenever applied, the maximum annual rate or aggregate amount of fines and/or penalties under the Agreement shall be within the limits defined under the legislation of the Republic of Armenia.