1.        

Requirements to the leased item

Leased item should be

·          new

·          acquired in the RA

·          acquired at primary market (from specialized vendors)

2.        

Eligible lessees

Legal entities or individual entrepreneurs

3.        

Down payment

50% of the leased item price

Advance payment to Principal: 50/50%

40% of the leased item price for Toyota and Lexus vehicles

Advance payment to Principal: 40/60%

4.        

Minimum and maximum limits of finance

Minimum over AMD 5 mn or equivalent amount in other currency
Maximum AMD 50 mn  or equivalent amount in other currency 

5.        

Annual nominal interest rate**

Annual percentage rate**

AMD: 12%-16%

USD: 8%-10%

EUR: 6%-9%

AMD: 13.12%-22%

USD: 8.73%-15.07%

EUR: 6.59%-13.95%

6.        

Accrual of interest

Interest accrues on outstanding amount of finance

7.        

Fee for provision of finance

0.5%-1% of the amount of finance

8.        

Lease term**

12 months to 5 years

9.        

Partial repayment of principal before due date

Lump-sum fee of 0.5% if the principal is repaid before due date during the first 12 (twelve) months after provision of finance

10.     

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)

11.     

Repayments

Monthly, in accordance with the repayment schedule

12.     

Security

·          Guaranty issued by the Lessee’s director/founder/other person

·          Pledge of property/right upon request

13.     

Insurance

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