For businesses with up to AMD 750M annual turnover
Ameriabank has launched a new AMD lease program under special conditions. This offer has been designed specifically for SMEs.
Under the program, the SMEs can get:
Legal entities or individual entrepreneurs
The company should be:
Advance payment/Value of the leased item: 15/100%
Minimum AMD 5 million
Maximum AMD 500 million
Required during entire lease term.
Furthermore, during the first year the insurance should be obtained for the entire market value of the leased item. Insurance for the remaining years should be obtained at least for the value of the outstanding balance.
* These terms do not apply to finance lease issued under the RA Law “On Consumer Crediting”.
** The rate and term of lease depend on the level of risk associated with the contract, type of property to be purchased and specifics of business. Lease rate depends also on term of lease.
Maximum lease rate shall not exceed 24%.
*** Whenever applied, the maximum annual rate or aggregate amount of fines and/or penalties under the Agreement shall be within the limits specified in the laws and regulations of the Republic of Armenia.