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Guarantees are provided to individuals, individual entrepreneurs and entities for tenders, prepayments, contract works and other purposes.
General Terms of Guarantee letters
| Guarantee amount |
Up to AMD 100 millions
(or equivalent foreign currency) |
| Guarantee term |
1 – 36 months |
| Guarantee issuance application review fee |
AMD 15.000 |
| Guarantee letter issuance* |
1% of contract amount, minimum AMD 20,000 |
| Guarantee service monthly fee |
0.1%-0.3% of the remaining guarantee amount |
| Other charges |
Collateral appraisal, re-appraisal, notary registration, state registration and formulation, insurance and other related expenses. |
| Guarantee collateral |
Real estate, vehicles, equipment, revolving funds, guarantees and other acceptable collateral |
| The term of the guarantee application review |
Up to 3 working days |
| Issuance fee set by contract |
1.5% of issuance amount |
| Penalties for overdue amount |
0,1% of actual outstanding balance per day. |
| List of required documents |
According to order set by Company’s assets distribution commettee |
| Term of the guarantee issuance decision** |
Up to 3 working days |
*The fees of foreign currency loans charged in AMD by the exchange rate issued by CBA on the day of contract signing
**In case the costumer submits the necessary documents on time
List of required documents |
