Group guarantees loans temporarily suspended.

 

Agricultural loans 

Loan purpose Expansion of business and agriculture development
Creditor 
  • Physical entities aged 18-65 conducting agricultural activities
  • Legal entities
  • Private entrepreneurs aged 18 - 65 
Loan term     

6, 9,12, 18 and 24 months

  • 18 months : more than 500,000 AMD loans,
  • 24 months : more than 1,000,000 AMD loans,
  • 10 - 20 days more than indicated : from 1 -10 and  20 – 31 for provided loans
Loan annual interest rate  24% 
Loan amount from 90,000 to 1,530,000 AMD
  • Maximum amount of the first provided loan: 360,000 AMD,*
  • Maximum amount of the second provided loan : 540,000 AMD,** 
  • Maximum amount of the third provided loan: 810,000 AMD,
  • Maximum amount of the fourth provided loan: 1,530,000 AMD,

* Except for the customers who got more than mentioned amount form organization providing similar micro-credits and has positive or neutral credit history.

** In case of providing second loan the increase of the amount can be maximum 50%: the calculated maximum possible amount of the loan is 360.000 AMD

Loan interests and service fees calculation method Applied on the actual(non-overdue) balance of loan
Loan providing method In cash, lump sum or in phases 
Loan security

 

  • Group guarantees 
  • On demand of the organization also other guarantor(s), with salary not a member of the group guaranteed loan member of Fast Credit Capital UCO CJSC  and/ or a borrower of Fast Credit Capital UCO CJSC

 

Loan annual service fee Category A Category B
  • 5 % lump: in case of loans up to 500,000 AMD,
  • 4,5 % lump:  for loans exceeding 500,000 AMD and in case of 18 months term 3% lump is charged for the second year and 4% lump in case of 24 months loans.
Not charged 
Is calculated on provided loan amount and is charged for the first year at the moment of provision.
Loan monthly service fee Category A Category B
Not charged
  • 0,5 % monthly for up to 500,000 AMD loans,
  • 0,45 % monthly for more than 500,000 AMD loans
Is calculated on loan amount and charged on a monthly basis
Payment of principal, interests and service fee   
  • Loan principal is paid in equal monthly payments,
  • Depending on the type of the business there can be interval period of 3, 6 or 9 months. The latter is calculated starting from the month of providing the loan. Only the loans of 18 and 24 months' duration can be granted 9 months' interval period,
  • The interest rate is paid monthly,
  • he interest to be charged is calculated up to the day of the month of early repayment.
Payments Principal amount, interest and Service fee: equally (annuity)
Other additional services provided by third parties Not required
Positive decision  factors
  • Customer has no overdue obligations, 
  • Customer has a positive credit history, 
  • Customer and / or its activities meet the standards set by the terms of this loan. 
The loan rejection factors
  • Customer has overdue obligations, 
  • Customer has a negative credit history,
  • Customer and / or its activities do not meet the standards set by the terms of this loan, 
  • There are circumstances that may hinder the customer to fulfill the credit obligations.
Maximum period to make a decision about the loan application and notifying the customer 1-2 business days 
Overdue principal amount/interest/service fee  penalty   1,5% is calculated on the scheduled but not paid amount(including loan amount, interests, service fee(if any)) for each delayed calendar day. The calculation of penalties starts from each delayed day of maturity schedule and stops on 50th day included. Whereas after the 2nd delayed payment including 50 days in case of obligations full payment of the 1st delayed month the start of 50-day-calculation begins from the 2nd delayed day.
Loan early maturity penalty Not charged
Loan provision term The loan is provided to the customer 1 business day after presenting all the documents needed for providing the loan.
Loan providing branches  
  • Yerevan- Davtashen branch, 
  • Ararat region – Artashat branch, Masis branch,
  • Armavir region- Armavir branch, Echmiadzin branch,
  • Lori region-Vanadzor branch, 
  • Shirak region- Gyumri branch
  • Syunik region- Goris branch.
ATTENTION 
  • CREDIT INTERESTS ARE CALCULATED BASED ON NOMINAL INTEREST RATES. ANNUAL PERCENTAGE RATE SHOWS HOW MUCH THE CREDIT WILL COST FOR YOU, IF INTERESTS AND OTHER PAYMENTS ARE PAID IN PREDETERMINED TIME PERIOD AND IN PREDETERMINED SIZE. PROCEDURE ON CALCULATION OF ANNUAL PERCENTAGE RATE COULD BE FOUND IN REGULATION 8/01 OF CENTRAL BANK OF RA.
  • YOU CAN MAKE YOUR CREDIT PAYMENTS IN ALL BRANCHES OF FAST CREDIT CAPITAL.
WARNING
  • IF YOU DO NOT MAKE REPAYMENTS OF INTERESTS AND PRINCIPAL AMOUNT ON TIME, THE INFORMATION ON YOU WILL BE REGISTERED IN CREDIT REGISTER.  
  • YOUR PROPERTY(house, car and other) MAY BE SEIZURED AS STIPULATED BY LAW IF YOU DO NOT MAKE REPAYMENTS OF INTERESTS AND PRINCIPAL AMOUNT ON TIME.
  • IN CASE THE CREDITOR FAILS TO ACCOMPLISH THE LOAN LIABILITIES ARE COVERD BY THE COLLATERAL AND ITS VALUE IS NOT SUFFICIENT FOR COVERING THE WHOLE LIABILITY, THE COMPANY CAN COVER IT BY YOUR OTHER PROPERTY.