Overdraft on Customs Card | Business Loans | Ameriabank
Նախորդ տարբերակին անցում կատարելու համար սեղմել   այստեղ

Overdraft on Customs Card

For businesses with up to AMD 750M annual turnover

Overdraft, AMD 1-20 million or its equivalent in other currency.

Customs card is designed to help importers handle their customs and tax payments quickly and easily, without having to worry about availability of cash.

  • Apply online
  • No early repayment fee
  • Upload files and track your application online
  • If you meet the Bank's criteria, our specialist will get in touch with you within 1 business day after you apply.

Term

12 months

Amount

Up to AMD 20 million or equivalent in other currency

Ready to apply for a loan?

FAQ

Can I apply for a loan without visiting the Bank?

Yes, you can use the Bank's website to apply online for any business loan. Our specialists will get in touch with you. You can also use the online platform to track your application.

Can I get loan approval online without visiting the Bank?

Yes, you can get your approval online if your loan is within AMD 10 million. If you have an account with Ameriabank and a valid ID card, you can also get the money online without having to visit the Bank in person.

Where can I learn about interest rates?

Information about interest rates is available on Ameriabank's official website: go to menu and select the item you are interested in from “Loans”. For more information feel free to call us at +37410 56 11 11 or visit the nearest branch office. Find our locations and learn about work hours here.

Can I get a loan, if I already have an outstanding business loan in another bank?

To provide a loan, the Bank performs creditworthiness analysis. Loans in other banks are not a deal-breaker, if your general creditworthiness ratios meet our criteria.

You can also consolidate your loans in other banks by transferring them to Ameriabank. If your loans are within AMD 20 million, you can have them transferred to and refinanced by Ameriabank automatically, without having to visit other banks for formalities.

What documents do I need to apply for a loan?

To apply for a loan online, you need to provide certain basic data about your business (TIN, ID). Depending on the type of loan you choose, other documents or information might be required at further stages, which you can upload on our webpage without having to visit the Bank in person.

Can I transfer loans from other banks to Ameriabank?

Yes, you can consolidate your loans in other banks by transferring them to Ameriabank. Loans within AMD 20 million can be transferred to and refinanced by Ameriabank automatically, no need to visit other banks for formalities.

Are there any restrictions as to which industry you have to work in in order to get a loan?

Yes, Ameriabank does not finance the following industries: • Production or trade in any product or activity deemed illegal under the Republic of Armenia laws or regulations or international conventions and agreements • Production or trade in weapons and munitions • Gambling, casinos and equivalent enterprises • Trade in precious stones • Currency exchange business • Brokerage or bookmaking offices • Production, use of or trade in hazardous substances (like radioactive materials) other than pesticides and fertilizers used in agriculture

How to apply

Retail SME credit lines on customs cards (Arca classic)

 

Loan type

Retail SME credit lines on customs cards (Arca classic)

 

Purpose

Customs payments

 

Clients

Legal entities and individual entrepreneurs with at least 6-month business history

 

Exclusion list

1. Production or trade in any product or activity deemed illegal under the Republic of Armenia laws or regulations or international conventions and agreements
2. Production or trade in weapons and munitions
3. Gambling, casinos and equivalent enterprises
4. Trade in precious stones
5. Currency exchange office
6. Brokerage or bookmaking offices
7. Production, use of or trade in hazardous substances (like radioactive materials) other than pesticides and fertilizers used in agriculture

See exclusion list here.

 

Creditworthiness assessment*

According to the approved criteria

Loan conditions

Currency

AMD

USD

EUR

Minimum and maximum loan limit

• Up to 40% of average monthly cash flows through accounts with Ameriabank during the most recent 6-12 months, within AMD 1,000,000 - 20,000,000 or its equivalent in foreign currency
• The credit limit for the client with at least 3-month cash flow history with Ameriabank shall be based on the net cash flows through the client's accounts with Ameriabank for 3 months and the net turnover with the other banks for at least 3-9 preceding months, within AMD 1,000,000 - 20,000,000, provided that the client transfers his/her accounts turnover with other banks to Ameriabank.

Term (months)

12 months

Annual interest rate

Grace period applies to loans in USD and EUR. The following interest rates apply to any and all amounts used (i) if liabilities are not repaid in full during the grace period, and (ii) from the first day of utilization in case of AMD denominated loans:

14.5%
(effective rate: 16.9%)

11.5%
(effective rate: 13.4%)

10.0%
(effective rate: 11.8%)

If the outstanding debt under the loans in USD and EUR is not repaid in full during the month following the grace period, starting from the following month the amounts shall bear an interest of 20%.

Loan disbursement fee

1% of the loan amount

Loan modification application fee

N/a

Card terms

Card issuance

Free

Annual service

AMD 10,000; for clients banking with Ameriabank for over 3 months – free

Additional card issuance

Free

Annual service of additional card

AMD 5,000

Card re-issuance (in case of card loss, damage, theft, loss of PIN or its disclosure to third parties)

AMD 5,000

Card re-issuance (upon expiry of validity period)

Free

Card blocking

Free

Card unblocking

Free

Cash withdrawal

N/a

Electronic transactions at customs terminals

Free

Electronic transactions at other merchants

3%

Providing account statement or sending it via e-mail

Free

Review of card credit limit

AMD 3,000

SMS notification

Free

Forms of loan repayment

Grace period

Last day of the month of withdrawal of money +5 days

Loan repayment form: without grace period

Principal payable at the end of term, interest payable monthly; whenever the card account is credited, the interest accrued as of that moment will be charged.

Loan repayment form: with grace period

Payment of interest at the end of the term, however, whenever the card account is credited, the interest accrued as of that moment shall be charged.
Principal payable at the end of term.

Security

Eligible security

1. Pledge of cash flows through the account
2. Personal guarantee of the business founder/beneficial owner
3. The Bank may request a guarantee by another individual and/or entity. Furthermore, the source of the guarantor’s income should not depend on the financed business, and there should be no material delays in the guarantor’s credit history (no more than 30 overdue days within the recent 2 years but max 10 consecutive days).

Loan service fees**

Modification of the loan terms

AMD 25,000

Substitution of pledged property (for real estate; including change of the property owner)

AMD 20,000

Substitution of pledged property (for vehicles; including change of the owner of the pledged vehicles)

AMD 10,000

Provision of pledge-related consents, permissions and references

AMD 10,000 (VAT included)

Change of the loan repayment date

AMD 10,000

 Loan service fees 2

Other fees payable by client

1. Fee for the unified statement from the State Committee of the Real Estate Cadaster adjunct to the RA Government; fee for police reference on vehicles encumbrance
2. Notary fee for registration of pledged real estate; fee for state registration of the bank’s security interest under the real estate pledge agreement; Fee for the certificate of registration of the security interest in the vehicle

Early repayment

N/a

 

Late payment fines and penalties

The interest rate specified in the loan agreement shall continue to be applied to overdue loans.
Fine in the amount of 0.13 % of overdue loan/interest for each day beyond terms

*No creditworthiness ratios are calculated and no business analysis and proof of income are required for loans secured by cash and metal accounts in gold.

**The fee is charged if the modification is requested by client. Where there are several applicable fees for the same modification, the highest fee is charged and only once. Fees are not applicable in case of loans secured by cash, bonds and metal accounts. If the modification implies adding new pledge or involving a new guarantor, no fee is charged.

Required documents filed together with loan application:

  • Loan application
  • Passports (original) (for private entrepreneurs)
  • TIN certificate, state registration certificate (for corporate applicants, information on the executive body is required)
  • Charter (for corporate applicants)
  • Copies of the passports and social security cards of the shareholders and CEO/President (for corporate applicants)


Documents required after initial approval:

  • Copies of the state registration certificates and the inserts of the Borrower and legal entities and private entrepreneurs affiliated with the Borrower
  • Financial statements for the latest reporting period, certified by the tax authority
  • For the recent reporting year (for those filing the balance sheet and the statement of comprehensive income); for the recent reporting quarter (for fixed and/or simplified tax payers)
  • Copy of the certificate of title or the document certifying the right to lease the premises used as place of business
  • Sale/supply agreements, orders, invoices, other documents supporting the normal process of sales
  • Licenses, certificates and other documents required for business operation (copies)
  • Documents certifying title to the assets (real estate and/or movable property) to be pledged
  • Geodetic measurement report of land plot to be pledged
  • Tax clearance certificate
  • Initial report on appraisal of real estate/vehicle


Documents required after loan approval:

  • Copies of bases of title to real estate (to be submitted upon request)
  • Passports of the owners of the property to be pledged (copy of the spouse death certificate)
  • Bases of title to real estate
  • Copy of the marriage (divorce, spouse death) certificate
  • Statement from the State Committee of Real Estate Cadaster on encumbrance of real estate (unified statement)
  • Statement, issued by the Police, on encumbrance of vehicle
  • Pledged property appraisal report (final)
  • Real estate/vehicle insurance agreement (as required)
  • Approval of the authorized body of corporate applicant to execute loan and pledge-related transactions
  • Reference on registered shareholders/stockholders/founders, director and the latest amendments to the charter (for corporate applicants)
  • Environmental impact assessment report, technical safety report, examination reports, feasibility studies (whenever required), etc., required under the applicable Armenian laws and regulations and/or the bank’s bylaws and regulations (if the company’s activity is associated with high environmental risks)
  • Other documents as the bank's specialist may request

Acting in accordance with the Republic of Armenia Law “On Combating Money Laundering and Terrorism Financing” Bank may request you to provide additional information and documents for customer due diligence based on the “Know your customer” principle, as well as ask you additional questions during verbal communication (if required so).

Old terms

Last updated on 02.05.2022, 10:10