Agro Loan With Collateral
Make significant progress. Develop your agricultural business with this loan.

AMD 1,000,000 – 75,000,000
USD 2,000 – 150,000

22,2% – 66,7%
16,24% – 60,4%

12 – 60 months
Loan Application
Our Benefits
About the Loan
MAIN TERMS AND CONDITIONS | |||
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Loan currency2 | AMD | USD | |
Loan amount | 1,000,000 – 75,000,000 | 2,000 – 150,000 | |
Loan maturity | 12–60 months | ||
Loan annual interest rate3 | 19.9% – 22.9% | 14.9% – 19.9% | |
Loan annual percentage rate3 | 22.2% – 66.7% | 16.4% – 60.4% | |
Loan service fee [monthly]4 | 0% – 0.6% | 0% – 0.5% | |
Loan disbursement fee [one off]4 | 1% – 3.5%, maximum AMD 400,000 | 1.5% – 4%, maximum AMD 400,000 | |
Loan disbursement method | Cash, non cash | ||
Loan purpose | Financing operational and capital expenses, other agricultural purposes | ||
LSR5 | Minimum 1.5 | ||
CAR5 | Minimum 0.4 |
CUSTOMER REQUIREMENTS |
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MINIMUM REQUIREMENTS6 FOR LOAN SECURITY | ||
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The loan can be provided to more than one borrower (co-borrower), in which case the requirements of the borrower also apply to the co-borrower. |
LOAN REPAYMENT |
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OTHER TERMS AND CONDITIONS | |
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Loan disbursement in tranches | Up to 3 tranches |
Parallel loans | The maximum amount of the sum of parallel loan liabilities is AMD 10,000,000 or USD 20,000. Number of parallel loans are not limited. |
NOTES |
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REQUIRED DOCUMENTS (to be submitted in person) | |
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Individuals
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Legal entities
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FACTORS INFLUENCING THE LOAN DECISION | |
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Positive factors
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Negative factors
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TIMING | |
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OTHER NOTES | |
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EARLY REPAYMENT | |
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WARNINGS AND PENALTIES | |
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A – the initial loan amount
n – the sequence number of the installment for loan repayment
N – the sequence number of the last installment for loan repayment
Kn – the amount of the nth installment for loan repayment
Dn – the number of days between the loan disbursement date and the date of the nth installment for loan repayment
i – the annual percentage rate
CALCULATION EXAMPLE | |
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Loan amount | AMD 5,000,000 |
Loan maturity | 60 months |
Loan annual interest rate | 19.9% |
Loan service fee | 0.1% |
Loan disbursement fee | 1.5% |
Loan repayment | 57 months of equal monthly repayments 3 months of grace period |
Loan disbursement day | 20 Octber 2021 |
Loan first repayment date | 20 November 2021 |
Loan annual percentage rate | 25.3% |
- In the cases and according to the order provided by the contract and the terms constituting an integral part of the contract, FINCA has a right to unilaterally change the interest rate of the loan by up to +5 percentage points but not more than twice the bank reference rate set by the Central Bank of Armenia. The borrower should be notified about the change 7 business days prior to its entry into force.
- Loan statements provided on the spot; other information is provided within 10 business days upon request. Provision of statements and other information is free of charge.
- You can communicate with FINCA by using the channel of your preference: either postal services or electronic communication. It is more convenient to obtain information electronically as it is free of the risk of losing information on paper.
- To compare the loan types offered to individuals and to choose the most suitable option, you can visit the electronic platform Your Financial Directory at www.fininfo.am.
- When pledging property as collateral for a loan, a need to use third party services arises. The prices of those services and the respective service providers are presented below:
Service | STATE AGENCY OR COOPERATING ORGANIZATION PROVIDING THE SERVICES | SERVICE FEE |
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Ratification of the pledge agreement | Notary Offices of the RA | AMD 3,000 – 20,000 |
Registration of pledge rights with respect to real estate | Cadastre Committee of the RA | AMD 3,000 – 30,000 |
Provision of a unified certificate on the real estate unit | Cadastre Committee of the RA | AMD 500 – 10 000 |
Registration of pledge rights with respect to agricultural machinery | The Ministry of Justice of the RA | AMD 2,000 |
Registration of pledge rights with respect to vehicles | Records and Examinations Divisions of the Road Police Service of the RA Police | AMD 2,000 |
Provision of a certificate on limitations with respect to vehicle alienation | Records and Examinations Divisions of the Road Police Service of the RA Police | AMD 3,000 |
Bank transfer (transfer of service fees) | RA banks | AMD 300 per transfer |
Independent appraisal of real estate pledged as collateral | Cost Consult LLC Oliver Group LLC A.G. Borsa LLC VM RP LLC Gardi LLC Finlaw LLC |
Depending on the type and size of the property, minimum AMD 5,000 |
Current terms are effective as of February 21, 2022, based on FINCA UCO CJSC Management Board resolution 16/2022, 11.02.2022
NOTE:
- Additional Service Fees
- FINCA UCO is regulated by the Central Bank of Armenia
- To search and compare the services offered by financial institutions of the RA, you can visit the Fininfo electronic platform