Ամերիաբանկ ՓԲԸ

Up to 20,000,000 AMD or equivalent in foreign currency

Loan amount

12 months

Loan term

What is a overdraft on customs card?

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.

Advantages

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.

Ready to apply for a loan?

Online business loan designed to help you develop your business and finance day-to-day operations.

Apply online

A girl wearing green sweater with laptop

Terms and conditions

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

7. 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
	Sectoral restrictions	According to the Exclusion List
	Creditworthiness assessment¹	According to the approved criteria
Loan terms	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% (APR: 16.9%)	11.5% (APR: 13.4%)	10.0% (APR: 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 service fees	In accordance with Ameriabank CJSC Customs Card Rates and Fees (12CIB PL 72-48)²
Forms of loan repayment	Grace period	Last day of the month of withdrawal of money +5 days
	Loan repayment form: without grace period	Principal is paid at the end of term. Interest is paid monthly. However, 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 and 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 ³	Modification of the loan terms	AMD 25,000
	Change of the loan repayment date	AMD 10,000
	Early repayment	N/a
	Late payment fines and penalties	The interest rate specified in the loan agreement will continue to be applied to overdue loans. Fine in the amount of 0.13 % of overdue loan/interest for each day of delay
¹ 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.
²Ameriabank CJSC Custom Card Rates and Fees (12CIB PL 72-48, approved by Management Board Resolution # 35/07/11 dated April 8, 2011). Available at https://ameriabank.am/useful-links
³ The fee is charged if the modification is requested by the 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 collateral 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).