For businesses with up to AMD 750M annual turnover
Up to 8 years
Annual actual interest rate` 4.2% - 6.1%
20% of the value of the leased item
20% of the cost of leased item**
Advance payment to Value of leased item: 20/100%
Minimum lease amount: AMD 5 million
The aggregate value of equipment purchased by the same lessee under the Program should not exceed AMD 1 billion.***
Fine in the amount of 0.13% of overdue principal and/or interest for each day beyond terms
The amount of fines and/or penalties shall not be subsidized.
* These terms do not apply to finance lease issued under the RA Law “On Consumer Crediting”.
** The cost of leased item includes purchase price, costs of import of the leased item into the Republic of Armenia (transportation, including related costs, customs clearance, VAT, etc.).
*** Where any structure is an integral part of machinery or equipment purchased via finance lease, such structure can be considered a leased item.
**** Whenever applied, the maximum annual rate or aggregate amount of fines and/or penalties shall be within the limits defined under the laws and regulations of the Republic of Armenia.
Terms of Government Support Program for Finance Lease for Purchase of Agri-Food Equipment (effective from 17.07.2020 to 08.03.2021)