Loan "Gyumri"
"Gyumri" loan is provided to the following business areas of Shirak region:
- Tourism (travel agencies, hotels and guest houses, individual passenger transportation business), including medical tourism, mountaineering, bicycle races, etc.;
- Trade (catering, entertainment and leisure centers' business,
- selling souvenirs, national products, brand shops, and trade of other goods);
- Individual passenger transportation for tourists;
- Travel companies;
- Other tourism-related areas /medical tourism, mountaineering, bicycle races, etc./.
Eligible borrowers for "Gyumri" loan type are:
- Legal entities and sole proprietors acting in the area, who:
- Own real estate that is not used for business purposes and will submit a business plan for its development;
- Want to expand their business in the tourism industry;
- Want to establish new guest houses and public catering centers, other infrastructures.
- Legal entities with individual businesses operating in different regions of Armenia and sole proprietors who want to move their business to Shirak region, opening branches.
- Businessmen from Shirak region working abroad, who intend to return and start/resume their business in Shirak region.
| Annual interest rates and maturities, by currencies* |
Currency/Maturity | 60 months | 120 months |
| AMD | 10,5% | 11% | |
| USD | 8% | 8% | |
| EURO | 6% | 6% | |
| Maximum amount | AMD 150 mln or its equivalent in foreign currency | ||
| One-off fee for loan disbursement |
|
||
| Fee for review of the loan application | AMD 0 | ||
| Business consultation during the lending process and at the stage of project implementation | free of charge | ||
* Loans for replenishment of the working assets - up to 60 months, loans for replenishment of the fixed assets - up to 120 months.
The interest rate for the first 24 months of the loan maturity is fixed, and for the 25th - 120th months - floating.
In case of start-up projects - up to 24 months' grace period for repayment of the principal loan amount.
Business consultation during the lending process and at the stage of project implementation - free of charge.
For the borrowers receiving this type of loan:
- Opening, maintenance of banking accounts, and free-of-charge services of remote management (Internet Banking, ConverseMobile);
- Installation of POS terminals without a service fee for one year;
- Application of fees for cash desk services at of 50% of the current tariffs;
- Providing Premium payment cards to the beneficiaries and managers of the company/business free of charge, without annual service fees;
- Providing corporate cards for current expenses of the company/business free of charge, without annual fees for service of the card account.