Business Partner with a service fee

A simple loan for your business growth

Put your business on the fastest path to growth with a loan structured for support.

Tailored Business Growth

Unlock the fastest path to business growth with customized funding Ideal for short-term and long-term investments in your business.

You can contact us by phone by calling and receive the necessary consultation.

  • Personalized Approach and Flexible Terms
    Financing is provided based on the borrower’s financial capacity, income sources, and preferred repayment terms.

  • Loan Limit
    Access up to 60,000,000 AMD or $150,000 to fuel the growth of your business and turn your vision into reality.
  • Speed and Simplicity
    Minimal documentation requirements and fast approval process.
  • Transparency
    All terms are fully transparent, with no hidden fees.
  • Accessibility
    With branches across different regions of Armenia, we are available where you need us most.

Loan Calculator

Calculate

* The following calculation is informative and may change slightly.

Apply Online

Applying for a loan with us is a straightforward and convenient process.

  • 1

    Receive a Call
    Our operator will call you within 15 minutes and confirm details with you.

  • 2

    Apply Online
    Fill in our easy online application form.

  • 3

    Approval & Disbursement
    Upon visiting the nearest FINCA branch, your loan will be approved within 5 business days.

Start your application

Applying for a loan with us is a straightforward and convenient process.


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About the Loan

Main terms and conditions
Loan currencyUSDAMD
ProgramFinancing fixed and working capital for business or agricultural loan to finance working capital, fixed and working capitalness
Loan amount20,000 – 150,00010,000,000 –60,000,000
Loan maturity12–84 months12 – 60 months
Loan annual interest rate112%17%
Loan annual percentage rate128.39%-31.25%26.35%-46.01%
Loan service fee [monthly]21.2%1%
Loan disbursement methodnon cash
Loan repayment methodA flexible loan repayment schedule may also be offered, taking into account the specifics of business and agricultural activities
Grace period (month)3Until 9
Tranche4Until 5
Parallel loansThe maximum number of parallel loans to a "business partner" per client is 5, and the maximum amount is $150,000
Requirements for the borrower/co-borrower(s)5
  • Eligible Entities: Legal entities and sole entrepreneurs registered in RA and engaged in business are eligible.
    Age Requirement: Applicants must be 21 years or older; the sum of the client’s age at the time of applying and the expected loan period should not exceed 70 years.
  • Residence and Business Activity: Applicants must reside within FINCA’s service area and have at least 3 months of continuous business activity within the same area. Compliance: Compliance with FINCA’s social and environmental requirements is necessary.
  • Borrower Responsibility: Borrowers should act on their behalf and for their benefit; taking a loan on behalf of a third person is prohibited.
Minimum requirements for securing a credit4

Collateral requirements for loans:

  1. Real Estate: The maximum loan-to-collateral ratio is up to 80% of the appraised value.
  2. Vehicle: The maximum loan-to-collateral ratio is up to 60% of the appraised value.
  3. Agricultural Machinery: The maximum loan-to-collateral ratio is up to 70% of the assessed value.
  4. Working Capital Inventory: Up to 50% of the estimated value.
  5. Other Collateral: Up to 50% of the appraised value.Additionally, one guarantor and property pledge are required.

 

Loan repayment
  • Early Repayment Terms and Conditions
    1. Early Full Repayment for Loans Exceeding AMD 5.0 Million or USD 15,000:
    • Upon early full repayment, the borrower is required to pay:
      • Loan servicing and other fees
      • Accrued interest
      • Loan payable on the payment date
      • Early repayment fee of 2% of the loan balance as a partial refund of expected income
    1. Early Full Repayment for Loans to FINCA Borrowers:
    • The borrower pays:
      • Service and other fees payable on the payment date
      • Accrued interest
      • Loan balance
    1. Early Partial Repayment:
    • The borrower is charged the full amount set by the loan repayment schedule.
    • An early repayment fee of 2% of the amount exceeding the repayment schedule is charged.
    1. Order of Repayment if Amount is Insufficient:
    • Service and other fees
    • Interest
    • Loan
    1. Additional Charges in Case of Insufficient Amount:
    • Service fees and other charges for future months
    • Accrued interest on the payment date
    • Interest for future months accrued on the remaining loan amount
    • Loan payable in future months
    • Early repayment fee of 2% of the loan amount payable in future months
    1. Exemption from Payments on Scheduled Days:
    • Borrower is exempt from making payments on scheduled days equal to payments made for subsequent months.
Notes

Service Fee – a monthly service fee calculated on the outstanding principal balance of the loan.

Flexible Repayment Schedule – a schedule under which the principal repayment amount may vary from month to month.

Public Information

These terms and conditions may be subject to change. For more details, please visit www.finca.am
or call 012 55 55 55.

Grace Period – a period during which no payments of principal and interest (or other fees) are required, or only interest (and other fees) are payable. For agricultural loans, alternative grace period terms may be established by committee decision.

Staged Disbursement – approved as a total loan under a single loan agreement; however, disbursement is made in installments upon fulfillment of pre-approved conditions for each stage. The amount of a tranche may be lower than the minimum loan amount set for this loan product.

In case of staged loan approval, the collateral agreement may be concluded either for the total loan amount or separately for each tranche. The maximum period between the first and last tranche disbursement is 6 months.

For individual borrowers, the guarantor may be internal (a family member) or external (another person). In the case of lending to legal entities, the guarantee of founders holding more than 10% ownership is mandatory.

Changes in foreign exchange rates may affect loan repayments. The Annual Percentage Rate (APR) may vary depending on fluctuations in the exchange rate published on the official website of the Central Bank of the Republic of Armenia.

Required Documents (To Be Submitted In Person)

Individual entrepreneur

  • ID cards of the borrower and the guarantors or their passports and social security cards
  • Certificate of State Registration
  • Other documents upon request

Legal entities

  • Certificate of State Registration, director insert
  • ID cards of the director, shareholders and guarantors or their passports and social security cards
  • Copies of the state registration certificate, charter and tax code of the participants of the legal entity.
  • Other documents upon request

 

Physical person

  • Identity document of the borrower, guarantor(s) (if any).
  • Public service number of the borrower and guarantor(s) (if any) or a certificate of non-receipt of the latter
  • Customer’s e-mail address.

Additional

  • Documents confirming the client’s income,
    Other documents upon request (including based on the “Know Your Customer” principle).
  • Documents are submitted in paper form at the time of submitting an application for a loan or within three days after that.”
  • Documents are submitted in paper form at the time of submitting an application for a loan or within three days after that.
Factors Influencing The Loan Decision

Positive factors

  • Sufficient level of creditworthiness
  • Good credit history

Negative factors

  • Insufficient level of creditworthiness
  • Bad credit history
  • Lack of loan
  • Non-compliance with the set customer requirements
  • Provision of false or untrustworthy information

    • Absence or insufficiency of loan security

  • Other credit risks
Timing

Loan application decision

Up to 3 business days

Written or oral notification of the positive decision to the applicant

Up to 1 business days

Written (paper or electronic) and verbal notification to the applicant about the negative decision

Up to 2 business day

Loan disbursement

Up to 20 business days after the submission of the application

Term of validity of credit committee’s decision

Up to 15 business day

Other Notes
Early Repayment

If the loan amount exceeds AMD 5.5 million or USD 15,000, in case of full early repayment, the Borrower shall pay the service and other fees payable as of the repayment date, accrued interest, the outstanding principal, as well as an early repayment fee equal to 2% of the outstanding loan balance as partial compensation for the Lender’s expected lost income, unless otherwise decided in writing by FINCA.

For the purpose of calculating the early repayment fee, the upcoming principal amount due under the repayment schedule shall not be included in the outstanding loan balance.

In case the Borrower is refinanced by “FINCA” UCO CJSC, upon full early repayment of the current loan, the Borrower shall pay the service and other fees payable as of the repayment date, accrued interest, and the outstanding principal balance.

In case of partial early repayment, the full amount due on the upcoming repayment date according to the repayment schedule shall be collected. If the payment exceeds the upcoming amount due, the excess amount shall be applied toward loan repayment, and a 2% early repayment fee shall be charged on the excess portion as partial compensation for FINCA’s expected lost income, unless otherwise decided in writing by the Management Board members of “FINCA” UCO CJSC.

If the paid amount is insufficient to cover all obligations due on the upcoming repayment date, payments shall be applied in the following order:

Service and other fees

Interest

Principal

In case of partial early repayment, the Borrower may choose to pay future installments in advance. In such case, the Borrower shall pay the service and other fees for future months, interest accrued as of the payment date, future interest calculated on the outstanding principal, the principal amounts due for future months, and a 2% early repayment fee on the principal paid in advance as partial compensation for FINCA’s expected lost income, unless otherwise decided in writing by the Management Board of “FINCA” UCO CJSC.

For the calculation of the early repayment fee on future installments, the upcoming principal amount due under the repayment schedule shall not be included.

The Borrower shall be released from making payments on the scheduled due dates to the extent of the amounts prepaid for future months.

Warnings And Penalties

In case the Borrower fails to fulfill obligations within the deadlines set out in the repayment schedule, the Borrower shall pay the Lender a penalty as follows:
• For each day of delay, a penalty of 0.13% per day shall be charged on the overdue (unpaid) loan amount.
In case of violation (delay) of the loan repayment deadlines set forth in the repayment schedule under the Loan Agreement, the annual interest rate stipulated by the Agreement shall cease to accrue on the overdue loan amount. Instead, from the date of delay until the actual repayment of the overdue loan amount, interest shall accrue at a rate of 24% per annum on the overdue amount.
If the Borrower has overdue obligations for principal and interest and the paid amount is insufficient to cover all outstanding liabilities, payments shall be applied in the following order:
Expenses incurred by the Lender in relation to the collection of the obligation, Service fees,Accrued penalties,Interest,Principal.
In case of failure to fully perform obligations, the relevant information will be submitted to the credit bureau, where your credit history is formed. A negative credit history may hinder your ability to obtain a new loan in the future.
If obligations are repaid through the collateral and the collateral is insufficient, the remaining obligations shall be satisfied from your other property.

The annual percentage rate calculation is based on the following formula:

where
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

Loan amount

5000 USD

Loan maturity

60 months

Loan annual interest rate

12%.

Loan Repayment

Equal monthly payments

Loan service fee

1․2%

Loan disbursement day

20 June 2025

Loan first repayment date

21 July 2025

Loan annual percentage rate

28․81%

  • 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.
ServiceState Agency Or Cooperating Organization Providing The ServicesService Fee

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

Effective from June 1, 2025, in accordance with Decision No. 50.1/2025 of May 20, 2025 of the Management Board of “FINCA” UCO CJSC, Appendix 7.

Customer Success

“Taking advantage of FINCA’s ‘Business Partner’ loan was transformative for my business, propelling its growth and evolution. I am extremely satisfied with FINCA’s support, highlighting the efficacy of our fruitful partnership.” – Anahit

Frequently Asked Questions

There are no interest rates associated with this loan, only a monthly service fee, providing you with clear and straightforward terms.

To complete your application, ensure you have a Passport, and if you are an individual entrepreneur, a Certificate of State Registration

The entire approval process is efficient, typically taking just one business day to complete.

Absolutely! You have the flexibility to settle your loan early without incurring any penalties

We are always happy to talk

Request a callback.