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Ameriabank offers favorable leasing conditions to legal entities and private entrepreneurs for purchase of solar power plants and water heating systems.

Chose solar leasing and enjoy the following benefits:

Collateral-free financing
Wide choice of suppliers and numerous campaigns

Terms of Solar Leasing

1.	Leased Item	Solar photovoltaic power panels Solar water heating systems
2.	Eligible lessees	Legal entities or individual entrepreneurs
3.	Down payment	Minimum 10% of the leased item cost
4.	Minimum and maximum limits of finance	Min: over AMD 5 million Max: AMD 200 million
5.	Annual nominal interest rate Annual percentage rate (APR)	AMD: 8.5%-9.5% AMD: 9.23%-13.01%
6.	Accrual of interest	Interest accrues on outstanding amount of finance
7.	Fee for provision of finance	0-1% of the finance amount
8.	Lease term**	12-120 months
9.	Non-payment or improper payment of principal and interest***	Fine in the amount of 0.13% of overdue principal and/or interest for each day beyond terms
10.	Repayments	Monthly, in accordance with the repayment schedule
11.	Repayment of principal amount before due date	Lump-sum fee of 3% if the principal is repaid before due date during the first 12 (twelve) months after provision of finance
12.	Security	Guaranty provided by the Lessee’s director/founder/other person Pledge of property/right upon request
13.	Insurance	Required: to be obtained by the lessee for the full value of leased item during the first year and for at least outstanding principal amount of finance for each subsequent year

Terms of Automatically Approved Solar Leasing

Leased item	Solar photovoltaic power panels Solar water heating systems
Eligible lessees	Legal entities or individual entrepreneurs
Down payment	Min 10% of the leased item value
Minimum and maximum limits of finance	Over AMD 5 million - AMD 30 million
Annual nominal interest rate Annual percentage rate	AMD: 8.5% - 9.5% AMD: 9.16%-13.1%
Accrual of interest	Interest accrues on outstanding amount of finance
Repayment	Annuity (equal monthly installments consisting of a portion of loan and a portion of interest)
Lump sum fee for provision of finance	0.5 – 1 % of the amount of finance
Lease term	12-120 months
Non-payment or improper payment of principal and interest**	Fine in the amount of 0.13% of overdue principal and/or interest for each day of delay (breach of the due dates of liabilities)
Creditworthiness assessment***	Based on approved score card
Security	Guaranty issued by the Lessee’s director/founder/other person Pledge of property/right upon request
Insurance	To be obtained by the Bank within 10 days upon installation of the solar power plant/solar water heating system. Insurance costs shall be included into the interest rate. Insurance shall be obtained within 10 days upon installation of the solar power plant/solar water heating system
Benefits of solar leasing	No monthly payments until construction of solar power plant is completed

Updated 29.09.23 11:25

Solar Leasing

Solar Leasing

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