Business Refinancing Special Offer

Transfer your business loan to Byblos Bank Armenia and we will cover all transfer costs and provide special terms of service.

Choose rate

€

Against collateral

NOMINAL %

From 12%

Amount of money

5,000,001-150,000,000

Deadline

1-15 years

Up to 70% of the property's market value is financed.

Against collateral

NOMINAL %

From 9%

Amount of money

13,000 - 300,000

Deadline

1-15 years

Up to 70% of the property's market value is financed.

Against collateral

NOMINAL %

From 7%

Amount of money

12,000 - 300,000

Deadline

1-15 years

Up to 70% of the property's market value is financed.

Choose rate

€

Without collateral

NOMINAL %

Amount of money

Deadline

1-3 years

Without collateral

NOMINAL %

12.5%

Amount of money

Deadline

$ 13,000 – 50,000

Without collateral

NOMINAL %

10.5%

Amount of money

€ 13,000 – 50,000

Deadline

1-3 years

The offer is valid until 31 December 2024.

Terms

Disbursement

Documents

Other

Terms

In case of early repayment of the term loan (full or partial) during the interest fixed period, a 5% penalty on the early repaid amount will be applied.
Interest is calculated against the actual balance of the loan, based on 365 days/year in case of a loan of up to AMD 5,000,000, and 360 days/year in case of a loan exceeding AMD 5,000,000.
The nominal interest rate of this loan might be changed by the Bank.
Depending on the results of the risk assessment conducted by the Bank, the loan application may be approved at a higher interest rate or with an advance payment.
If the loan is granted in USD and EUR, the exchange rate fluctuation may have a certain influence on loan repayment.
In case of payment delay, loan interest rate defined by the loan agreement shall not be applied on the overdue loan and the Bank will apply 24% annual interest rate to the amount owed by the Customer for every due day. Overdue amounts shall be the amounts not paid within the timeframe set by the loan agreement.

Requirements

The borrower must be a resident of Armenia, aged above 21, while an IE must be a resident of Armenia, aged 21-63 (during the validity of the loan agreement).
The borrower must provide real estate and/or public property (to increase working capital, acquire equipment, purchase, renovate or build commercial space,) or vehicle (vehicle acquisition) as collateral for the loan.
Small Business Loan is provided to private entrepreneurs, limited liability open and closed joint-stock companies, where the number of employees does not exceed 49.
The annual turnover should be equal to or over AMD 50 million (or $50,000-ը, or €50,000).
The business must be in operation for at least 2 accounting years (profitable for the past 1 year).
The loan / collateral ratio is calculated based on the acquisition of the property or the estimated minimum market value.
When purchasing public property, in case of pledging additional real estate, the loan financing can reach up to 100%, maintaining the loan/collateral ratio of 70% in case of AMD and 65% in foreign currency.
Unsecured loans are provided in case turnover is transferred to Byblos Bank Armenia. The loan amount can be up to 10% of the annual turnover, but not more than $50,000 (or AMD 50 million, or €50,000).

To guarantors (upon requirement)

If the Borrower defaults on their loan, the Guarantor is liable for the outstanding obligation, which could damage the latter’s credit history and expose them to the risk of losing the property.
The Guarantor will be provided with a copy of the loan and guaranty agreement and the repayment schedule.
Communication is carried out in a manner convenient for the Guarantor.
The Bank is obliged to notify the Guarantor about the change in the terms of the contract seven days in advance.
The Bank is obliged to remind the Guarantor about the existing obligation one day in advance and inform them about the delay in repayment of the loan no later than one day later.
The Guarantor may request information about the amount of the loan balance from the Bank at any time.
The Guarantor may get back from the Borrower the money they paid for the loan, as well as other losses incurred on behalf of the Borrower.

Provision

WARNING

In point of breach of loan obligations by the Borrower the Bank shall be entitled to receive a reimbursement at the expense of the mortgaged property (if applicable), as well as other property of the Borrower, if funds from the mortgaged property are not sufficient. The Bank shall be entitled to foreclose the mortgaged property via in and out of court proceedings and direct the funds from the closure to the repayment of the debt, as a result of which the owner of the property may be deprived of their property.
In case of payment delay, the Bank will update the Borrower’s profile in the Credit Register and Credit Bureaus of the Central Bank of Armenia, which can lead to a negative impact on the Borrower’s credit history and cause difficulties in the process of obtaining a loan in the future.
According to the law of the RA “On Combating Money Laundering and Terrorism Financing” and for the proper investigation of the client’s profile, the Bank can obtain additional documents or other information as per the Know Your Customer principle, as well as ask the client additional questions during verbal communication (if need be).
According to an agreement with the United States of America regarding the Foreign Account Tax Compliance Act (FATCA), the Bank may request or gather additional information in order to identify the Borrower’s status as a U.S. taxpayer.
After signing the loan contract you may communicate with the Bank at your choice by post or e-mail. The most convenient way for information receipt is the e-mail. It is available 24/7, risk of information loss is eliminated and ensures secrecy.

Files

List of required documents

559.84 [Kb].pdf

Tariff

Title	֏
Provision of statement monthly	Free of charge
Provision of statement duplicate up to 6 months*	3,000
Provision of statement duplicate over 6 months*	6,000
Certificate of balance related to loans*	3,000

* VAT included

updated at: 06.05.2024 15:37