Elevate your farming with essential equipment and supplies
The most advantageous method to procure all the essential equipment and agricultural supplies.
Start your application
Applying for a loan with us is a straightforward and convenient process.
About the Loan
Main terms and conditions | ||||
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Loan currency | AMD | |||
Loan amount | 75,001 – 1,500,000 | |||
Loan maturity | 6–12 months | |||
Loan annual interest rate1 | 0% or 9% (For the first 6 months – 0%, starting from the 7th month up to 12 months – 9%) | |||
Loan annual percentage rate1 | 8.0% – 21.9% | |||
Loan service fee [monthly]2 | 0% | |||
Loan disbursement fee [one off]2 | 3.5% | |||
Loan disbursement method | Non cash (is transferred to FINCA partner organization) | |||
Loan purpose | Acquirement of agricultural products and/or services from FINCA partner organizations3. See the list of partners here. |
Customer requirements | |||
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Minimum requirements4 for loan security | |||
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Guarantee of spouse4 |
Loan repayment | |||
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Other terms and conditions | |||
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Other terms and conditions | Not applicable. | ||
Parallel loans | Up to 5 parallel Berri loans |
Notes | |||
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Required Documents (To Be Submitted In Person) | |||
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Individuals
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Factors Influencing The Loan Decision | |||
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Positive factors
| Negative factors
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Timing | |||
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Loan application decision | Up to 3 business days | ||
Provision of a written or verbal notification on the decision | Up to 2 business days | ||
Loan disbursement | Up to 7 business days after the submission of the application |
Other Notes | |||
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Early Repayment | |||
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Warnings And Penalties | |||
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The annual percentage rate calculation is based on the following formula: |
Calculation Example | |||
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Loan amount | AMD 1,00,000 | ||
Loan maturity | 9 months | ||
Loan annual interest rate | 9% | ||
Loan service fee | 0% | ||
Loan disbursement fee | 3.5% | ||
Loan repayment | 3 months of equal monthly repayments | ||
Loan disbursement day | 14 December 2020 | ||
Loan first repayment date | 14 January 2020 | ||
Loan annual percentage rate | 15.6% |
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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 | Depending on the type and size of the property, minimum AMD 5,000 |
Yerevan | |||
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Partner | Address | ||
“Agrobest” LLC | Noragavit 1st str. 1/4, Yerevan | ||
“Hrashq aygi” LLC | Arshakunyats 214, Yerevan | ||
“Odjakh” LLC | Arshakunyats 9, Yerevan |
Aragatsotn | |||
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Partner | Address | ||
“MOTOBLOK” LLC | Proshyan, Chaush 1/55 |
Ararat | |||
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Partner | Address | ||
“Mets Partez” | Artashat, 23 str 70a,Nor Kharberd 29 str. 2 | ||
“AGRIMATCO ARMENIA” | Artashat, Baghramyan 63 | ||
Andranik Simonyan PE | Vedi, Araratyan 41/11 | ||
Garik Meliqsetyan PE | 1/1 1st str Getapnya village | ||
Noyemzar Hayrapetyan PE | 32/1 Artashatyan, Dimitrov vill | ||
“Khor Virap” LLC | 18 M. Harutyunyan, Poqr Vedi village, | ||
Samvel Terteryan PE | Arabo 22/1, Poqr Vedi village, |
Armavir | |||
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Partner | Address | ||
“Agrobest” LLC | Yerevanyan 2/3 , Geghanist 11 str, Armavir ք. | ||
Artavazd Ivanyan Kareni PE | Yerevanyan 4/15, Armavir | ||
“Hydroponic green” LLC | Araratyan 33, Vagharshapat | ||
Patvakan Mazmanyan PE | Yerevanyan 39, Myasnikyan | ||
“Sapsan Trade” LLC | Norapat, 9 str. 3 | ||
“Agrimatco-Armenia” LLC | Norapart 5 str 1/3 | ||
Karen Saribekyan PE | Norapart, 5 str. 1/15 | ||
“Agroline” LLC | Aknashen | ||
Aslanyan Mushegh PE | c. Voskehat, 1 str. 2 | ||
Khachaturyan Yesayi PE | c. Artimed, Aksel Bakunts 45 | ||
Atoyan Meline PE | c. Artimed, Charents 35 | ||
Abgaryan Sargis PE | c. Ahavnatun, R. Avagyan 21 | ||
“Max Shin” LLC | c. Ptghunk, Yerevan-Echmiadzin str. 12 |
Gegharkunik | |||
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Partner | Address | ||
Arsen Gasparyan Hamleti PE | c. Sevan, Griboyedov 3/20 | ||
Vrezh Baghdasaryan PE | c. Khachaghbyur, 4 str. |
Lori | |||
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Partner | Address | ||
P.S. Garik Ghazaryan Yurik | c. Spitak, Ter-Simonyan 22 | ||
P.S. Arman Mikayelyan Henrik | c. Spitak, Alek Manukyan 7b | ||
P.S. Ruben Harutyunyan Shvernik | c. Spitak, Suren Avetisyan str. | ||
P.S. Rubik Boyakhchyan Gagik | c. Spitak Panragordzner 4 | ||
P.S. Albert Palyan Smbat | c. Mets Parni (next to the gas station) | ||
“Eurotrade” LLC | c. Stepanavan, Kamo 62 | ||
P.S. Gevorg Asryan Albert | c. Tumanyan, Stepanavan 29 | ||
P.S Davit Torosyan | c. Vanadzor, Lazyan 43d | ||
P.S. Anna Martirsyan | c. Vanadzor, Tumanyan 16 | ||
P.S. Tatevik Malumyan | c. Vanadzor, Moskovyan 23a | ||
P.S. Gor Saghumyan | c. Vanadzor, Baghramyan 110a | ||
P.S. Garik Meliksetyan | c. Shnogh, 3 str. 29 | ||
“Apar-Ars” LLC | c. Odzun, 5 str. 44/1 (Alaverdi-Stepanavan highway) | ||
“Manes Shin” LLC | c. Alaverdi, Tumanyan 6: | ||
“Chinvan” LLC | c. Vanadzor, Shirak st. 21 |
Kotayk | |||
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Partner | Address | ||
P.S. Nelson Stepanyan | c. Abovyan, Ed. Petrosyan 1/27/2 | ||
“ORVAKO” CJSC | c. Abovyan, Ed. Petrosyan 1/29/10 | ||
Arshakyan Garnik P.S. | c. Garni, Mamikonyan 1 |
Shirak | |||
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Partner | Adress | ||
P.S. Davit Igityan | c. Artik, 32/1 of Independence | ||
P.S. Davit Torosyan Seriodha | c. Gyumri, Teryan 77/11 | ||
“Agrimatco-Armenia” LLC | c. Gyumri, Yerevanyan str. 101/1 | ||
P.S. Tigran Zakaryan | c. Gyumri, Avtokayan 15 |
Syunik | |||
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Partner | Address | ||
P.S. Armen Sujoyan | c. Goris, Artsakhyan str. 7/2.3 |
Customer Success
“This type of loan is a true blessing for me. Whenever I require agricultural machinery and fertilizer, I can effortlessly obtain them from a nearby store, and the best part is the quick process with minimal paperwork.” – Valerik