The bank is offering a 3-month payment holiday to small and medium-sized businesses – both in the event of taking out a fresh loan or transferring an existing one from other banks.
During the first 3 months, customers will be exempt from both interest and principal payments and will benefit from special terms of service:
- Free business card service for 15 months;
- Free Online Banking activation and service.
As part of the offer, businesses can transfer their loan or overdraft from other banks or credit organizations to Byblos Bank Armenia.
12% (֏) | 9% ($) | 7% (€)
The Bank, meanwhile, will cover all transfer costs and provide special terms of service:
- Free business card service for 15 months;
- Free Online Banking activation and service for 15 months.
OTHER SME LENDING SOLUTIONS
Business overdraft provides access to financial resources of up to AMD 150,000,000 and delivers significant benefits for business development and innovation.
The funding will help you improve your workplace environment or expand to a bigger and bolder space. Annual nominal interest rate is fixed for the first 3 years.
If it is time to upgrade your executive car, it’s also time to apply for a business car loan. The borrower must only provide another vehicle owned by the business as collateral for the loan.
Level up the quality of your products or services by investing in new equipment. Financing of up to AMD 150,000,000 (or foreign currency equivalent) will help harness the full potential of your business.
This type of financing ensures annual fixed interest rate for the entire loan term and is designed for legal entities and individuals alike.
The overdraft facility provides access to financial resources of up to AMD 150,000,000 to cover emergency expenses.