If You are doing entrepreneurship and want to enlarge Your business, Armenian Development Bank offers legal entities and entrepreneurs commercial loans with beneficial conditions for business enlargement, replenishment of circulating assets, acquisition of fixed assets and investment implementation.

Business loans for legal entities and entrepreneurs (it is provided to acting legal entities) 

During real estate mortgage property insurance isn't required.

Changes in the exchange rate of foreign currency can have influence on loan payments.

The decision on commercial loans is made within 15 working days following submission of required documents by a customer to the Bank. Within maximum 2 working days a borrower is informed about the decision and he is provided with a loan within maximum 5 days once required documents envisaged for the contract have been submitted. In case a loan application is turned down, a customer received written notification about the reasons of rejection.

Stipulations for the Bank's approval to provide a customer a loan are as follows:

• ability to pay the loan
• existence of borrower's financial resources
• the quality and type of loan security
• loan history of a borrower
• transfers of accounts in the Bank
• characteristics and field of activity
• general economic conditions impacting on a borrower's activity
• personal qualities of a borrower
• the opportunity of supervision over the loan

Mortgage estimation and formal procedure

Basic funds are estimated by independent estimating companies collaborating with the Bank according to tariffs defined by the companies. All the expenses and mortgage estimation and formal procedure (notarial certification, registration in territorial subdivisions of real estate cadastre) are covered by a borrower.   

There isn't defined fee for mortgage insurance.

There aren't stipulations limiting loan availability.

The list of documents

Armenian Development Bank offers legal entities and entrepreneurs loans with loan/collateral ratio of up to 100%.

Business loans with airbags 

Now you can get a loan with collateral valued up to 100%

* a) loan/collateral ratio is up to 100%, of which 70% will be secured with real estate collateral, the remaining 30% will be secured by money pledge, which are formed as a result of the loan and will be formulated as a bank deposit with annual interest rate of 12% and at least 1 year

  b) In a year the customer can use 30% of the amount if he has no expired amount of loan. Otherwise the amount of deposit will be used for expired amount repayment.

During real estate mortgage property insurance isn't required.

Changes in the exchange rate of foreign currency can have influence on loan payments.

The decision on commercial loans is made within 15 working days following submission of required documents by a customer to the Bank. Within maximum 2 working days a borrower is informed about the decision and he is provided with a loan within maximum 5 days once required documents envisaged for the contract have been submitted. In case a loan application is turned down, a customer received written notification about the reasons of rejection.

Stipulations for the Bank's approval to provide a customer a loan are as follows:

• ability to pay the loan
• existence of borrower's financial resources
• the quality and type of loan security
• loan history of a borrower
• transfers of accounts in the Bank
• characteristics and field of activity
• general economic conditions impacting on a borrower's activity
• personal qualities of a borrower
• the opportunity of supervision over the loan

Mortgage estimation and formal procedure

Basic funds are estimated by independent estimating companies collaborating with the Bank according to tariffs defined by the companies. All the expenses and mortgage estimation and formal procedure (notarial certification, registration in territorial subdivisions of real estate cadastre) are covered by a borrower.   

There isn't defined fee for mortgage insurance.

There aren't stipulations limiting loan availability.

The list of documents