Ardshinbank now offers improved terms on loans for entrepreneurs and legal entities engaged in agriculture and business.

The bank informed that following the new terms, clients can get a loan at an annual interest rate starting from 11.25% in AMD, from 9.75% in USD and 9% in EUR. Loans are provided without submission of statements on financial data.

“In order to boost micro-businesses, Ardshinbank has significantly improved terms of micro- business loans, according to which the company’s operating turnover affects the loan, the interest rate, as well as the loan amount. Thus, the higher the client’s turnover and the longer they ensure it, the higher the loan and the lower the interest rate. We provide these loans with minimal analysis of business activities, which will be an impetus to foster entrepreneurship,” said
Armen Gasparyan, Strategic Development Director of Ardshinbank.

The bank also stressed that they refinance property secured loans in Armenian banks and credit organizations at 0.5-1 percentage points lower than the interest rate available to the borrower.