Ameriabank-SolarOn | Ameriabank
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Special offer

Ameriabank and SolarOn

Time to set new goals

As new technologies so rapidly develop in the modern world, it becomes ever more important to be environment-conscious and apply advanced technologies that are safe for everyone and everything around us. Renewable energy systems, such as solar power plants, have long since been put to practical application and can essentially improve the quality of our life. With the help of joint finance lease campaign with SolarOn for purchase of solar power facilities, legal entities and sole entrepreneurs can effectively cut energy costs and boost energy efficiency.

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Address: 25/1 Arshakunyats Avenue, Yerevan, Armenia Web page: www.solaron.am Facebook Account facebook.com/solarONarmenia/ Phone: + 374 10 44 00 55, + 374 12 44 04 55 Email: info@solaron.am

Terms and Conditions

Leased item
  • Solar photovoltaic power plants
  • Solar water heating systems
Requirements to the leased item Maximum capacity of solar power plant: 500 kW
Requirements to the lessee Legal entities or individual entrepreneurs
Down payment Minimum 5%
Minimum and maximum limits of finance

Minimum: AMD 5 million

Maximum: AMD 200 million
Lease nominal interest rate** 8.5%-9.5%
Lease effective interest rate 8,83 % - 10 %
Currency AMD
Lease term From 6 months to 10 years
Accrual of interest Interest accrues on outstanding amount of finance
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)
Fee for provision of finance 0%-1% of the amount of finance, maximum AMD 500,000
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



* 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 10%. 

*** 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.

Updated 03.12.2021 09:41