2 minute read
AraratBank press release
AraratBank has rolled out a competitive business loan campaign titled “Unbeatable Rate”. The loan is designed to provide financial flexibility to legal entities and private entrepreneurs across Armenia.
Under the campaign, businesses can access new business loans in Armenian drams or refinance existing debt from other financial institutions to take advantage of a reduced 9. 9% annual interest rate for the first 12 months. From the second year onward, the annual interest rate adjusts to 11. 5% (effective annual interest rate range: 11. 7%-12. 0%).
Key Terms and Financial Highlights
Loan amount: Minimum AMD 20 million up to a maximum of AMD 1. 5 billion.
Grace period: Up to 24 months on principal repayments, allowing businesses time to optimize cash flow and address immediate operational priorities.
Additional Rate Discount: Clients who install an AraratBank POS terminal within one month of loan disbursement and comply with application requirements will receive an extra 0.1% discount, lowering the first-year rate to 9. 8%.
Campaign Deadline: Valid through December 15.
To learn more about the offer, visit any AraratBank branch or call +374 10 59 23 23.
AraratBank is regulated by the Central Bank of Armenia.