Finance Lease | Micro and Small Business | Ameriabank
Նախորդ տարբերակին անցում կատարելու համար սեղմել   այստեղ

Ameria Leasing

For businesses with up to AMD 750M annual turnover

Ameriabank is a leading provider of finance lease services in Armenia. Explore the possibilities coming with our finance lease products and achieve the best results on the way to your business goals.

To be eligible, you need to be a running business for at least 12 months if you are a manufacturing company, or at least 6 months if you work in trade or services in Armenia and need financing for property or equipment. 

Finance lease is purchase of property by the Bank on behalf of lessee and then leasing it to the lessee under contractually agreed terms and payments. The option where the full value of leased property is paid during lease contract is very popular in Armenia.

  • No pledge of property required
  • Lower advance payment than in case of loan
  • No VAT if the lessee is VAT-exempt at the crossing of the border of Armenia

Ownership

Unlike traditional lease, you acquire ownership at the end of lease.

Advising

The Bank provides advisory services and where necessary offers also payment tools to minimize risks associated with purchase of property.

Profit Tax Deduction

During lease the property is registered on your balance sheet and amortized to contribute to calculations of taxable profit.

Solar Leasing

Profitable leasing conditions for legal entities and private entrepreneurs to purchase solar power plants and water heaters.

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Saving Leasing

Ameriabank has launched a new AMD lease program under special conditions. This offer has been designed specifically for SMEs.

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Auto Leasing

One of the best ways to upgrade your car pool. Available for all legal entities and individual entrepreneurs. nbsp;

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AllInc Leasing

A new lease option for all legal entities, where Ameriabank obtains required annual insurance for property and relieves you of other one-time fees. You only have to pay interest. 

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Agri-Food Leasing

Purchase agri-food equipment on special terms under the Government Support Program for Agri-Food Leasing in Armenia.

Learn more

Express Leasing

Available for all legal entities. Get your answer within 3 days. No financial analysis required.

Learn more

Agricultural Machinery Leasing

Ameriabank has rolled out a new special Government-supported finance lease program to finance purchase of agricultural machinery.

Learn more

     TERMS OF FINANCE LEASE[1]

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Terms

 

1.       

Requirements to the leased item

The leased item can be acquired in the RA and abroad both from primary and secondary markets.

2.       

Requirements to the lessee

The company should be a business running for at least:

·         the most recent 6 months before application date (for companies engaged in trade and/or service)

·         the most recent 12 months before application date (for companies engaged in manufacturing)

3.       

Repayment of principal amount before due date[2]

 Lump-sum fee of 0.5% if the principal is repaid before due date during the first 6 (six) months after provision of finance lease.

4.       

Late payment or improper payment fee for principal and/or 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)

5.       

Repayments

on a monthly or quarterly basis or negotiable

6.       

Disbursement fee

Lump-sum 0,5%-1% of the amount of finance, maximum AMD 500,000  

7.       

Advance payment

Minimum 15%

8.       

Advance payment vs the amount of finance[3]

15/85%

9.       

Security

  • Guarantee issued by the lessee’s director/founder/other person
  • Pledge of property/right upon request

10.   

Lease tenure for movable property4

6 months to 5 years

11.   

Lease tenure for real estate[4]

1-10 years

12.   

Grace period4

Negotiable

13.   

Lease interest rate4

AMD: from 11%

USD: from 8%

EUR: from 6%

14.   

Insurance

Required: for the full value of leased item during the first year and for at least outstanding principal amount of finance in each subsequent year

15.   

Lease restructuring fee[5]

AMD 500,000

 

[1] These terms do not apply to finance lease under the RA Law on Consumer Lending.

[2] In case of actual application of fines and/or penalties, their annual rate and/or the total sum of fines and penalties shall be shall be regulated by applicable limits defined under the legislation of Armenia.

[3] If finance is provided for acquisition of real estate and if the property is purchased from a company cooperating with the Bank, the Bank finances up to 85% of the purchase value of the property; in other cases the Bank finances up to 85% of either the liquid value of the property appraised by an appraiser cooperating with the Bank or the purchase price of the property, whichever is smaller.

[4] The rate and tenure depend on the level of risk associated with the deal, type of property to be purchased and the specifics of business. The lease rate depends also on lease tenure.

[5] The lease restructuring fee shall be payable by client, if the restructuring application initiated and submitted by the client is satisfied based on analysis conducted by relevant department of the Bank. In other cases of lease restructuring, charging of the fee shall be normally subject to decision of the Large Credit Committee.

Disbursement methods

The bank transfers the leasing amount to the bank account of the seller.

ATTENTION! In case the leasing amount is disbursed in foreign currency, volatilities of exchange rates may affect the repayments.

ATTENTION! LEASING INTERESTS ARE CALCULATED ON THE BASIS OF NOMINAL INTEREST RATES.

ATTENTION! THE BANK MAY FROM TIME TO TIME CHANGE THE NOMINAL RATE AND THE SERVICE FEE, DEPENDING ON THE AVERAGE ENTREPRENEURIAL/FINANCIAL MARKET INTEREST RATE OR DEFAULTS OF THE LESSEE. IN THIS CASE THE BANK SHALL INFORM THE CLIENT VIA THE CHANNELS DEFINED IN THE AGREEMENT AL LEAST 7 (SEVEN) DAYS IN ADVANCE, WHICH WILL SERVE AS A BASIS FOR APPLYING THE NEW INTEREST RATE FROM THE DATE SPECIFIED IN THE NOTICE.

ATTENTION! IN CASE OF DEFAULT ON THE INTERESTS AND/OR PRINCIPAL INFORMATION ABOUT YOUR DELINQUENT LIABILITIES WILL BE RECORDED IN THE CREDIT REGISTER.

ATTENTION! IN CASE OF FAILURE IN MEETING THE COMMITMENTS UNDER THE LEASING AGREEMENT THE BANK SHALL BE ENTITLED TO TERMINATE THE AGREEMENT.

Example: repayments by annuity


Principal: AMD 100,000,000

Annual interest rate: 12 %

Maturity: 7 years

Monthly payment: AMD 1,765,274, of which first month

Interest: AMD 1,000,000

Principal: AMD 765,274

In case of annuity, the amount of monthly payments does not change.

Example: by equal monthly payments of principal


Principal: AMD 100,000,000

Annual interest rate: 12 %

Maturity: 7 years

Monthly payment: AMD 2,190,476, of which first month

Interest: AMD 1,000,000

Principal: AMD 1,190,476

This is the first month payment. Amount of monthly payments for the following months will decrease.

The following factors can affect the process and outcome of review of your application:

  • What may help you to get your finance lease application approved
  • Established business relationship between you and the Bank
  • Business reputation
  • Etc. 

Why your application might be rejected

  • The information/documents and other data you provide are not trustworthy or complete.
  • Your declared income is not sufficient to cover the obligations.
  • You have bad credit history, overdue and/or classified liabilities, including liabilities to third parties.
  • Etc. 


  • Extract from register/reference from depositary in case of joint-stock companies
  • Invoice or initial supply contract for the property to be purchased (in Armenian or Russian or English)
  • Company’s financial statements for the most recent reporting period
  • Tax clearance certificate
  • List of vendors and consumers
  • List of debtors/creditors, outstanding amount, due dates
  • Information about production/service and inventories, depending on type of business
  • List of property, plant and equipment
  • Collateral appraisal report (in case of additional security) issued by a partner appraiser of the Bank; property ownership documents
  • Depending on type of business – licenses, certificates, permits and other documents required under the laws of Armenia for that particular type of business
  • Other documents as requested by the Bank


Last updated on 29.11.2021, 17:03