Ardshinbank CJSC has launched a business loan refinancing program with the possibility of receiving an additional amount for current expenses.  This business loan is designed for RA resident small and medium businesses, who want to lighten their credit load.

Business owners can transfer and consolidate their business loans in Ardshinbank starting from AMD 20 million and up to AMD 1 billion or equivalent foreign currency and receive 2% lower percentage from the current interest rate.

Under the terms of the new type of loan, small and medium-sized businesses will be offered competitive interest rates: at least 10.75% for an AMD loan, and at least 8% for a US dollar loan.

In addition, the repayment period of the newly granted loan will exceed twice the repayment period of the existing loan.

One of the important advantages of this new loan type is that customers can get additional 30% lending to the existing loan amount, for a period of up to 60 months and with the same reduced interest rate of the loan type.

In addition, the Bank noted that the new type of loan will have a grace period of up to one year for repayment of the principal amount of the loan. Also, a new collateral assessment will not be required if a collateral assessment has already been carried out within the last 3 years. There are no fees for studying, issuing and servicing the loan application.

Commenting on the new loan product, Ardshinbank SME Director Artur Hakobyan, particularly, said: “By launching this refinancing new product, we were guided by modern market offers and current needs. We have created a complex proposal that provides for an extended loan service period, interest rate reduction, new additional lending opportunities, and provision of a grace period for repaying the principal amount of the loan. As a result, SME businesses will have the opportunity to allocate more financial resources to the development, modernization, and competitiveness of their business. We expect to form a long-term cooperation with our customers who use this type of loan in the future, making available to them the entire competitive package of banking services of Ardshinbank: program lending, international transfers, foreign exchange operations, card products, etc.”

For detailed information click this link or call .012-222-222.

Ardshinbank is regulated by the Central Bank of the Republic of Armenia.