SME Credit Card credit line

Minimum: 300,000 AMD or 600 USD or Euro
Maximum limit: 10,000,000 AMD or 20,000 USD or Euro
Interest calculated on the unused portion of the credit line: 0%

Apply

No application tuition fee

No one-time provisioning fee

No monthly maintenance fee

Main Terms

Additional Terms

Documents

Revolving Credit Line for Resident Legal Entities and Individual Entrepreneurs Engaged in Micro, Small, and Medium-Sized Business - valid from 02.06.2026
Card type	Mastercard Business
Card provision and service fees	Pursuant to Mastercard Business “Standard” payment card provision and service tariff package
Credit line currency	AMD/USD/EUR
Credit line financing source	ARDSHINBANK OJSC
Credit line purpose	Settlement of short-term financial issues, acquisition of fixed assets/capital investments, replenishment of working assets, repayment of loan liabilities, custom clearance, tax duties, etc.
Credit line type	Revolving
Minimum limit	AMD 300,000 or USD/EUR 600
Maximum limit	AMD 10,000,000 or USD/EUR 20,000
Annual nominal interest rate for the credit line²	10 % - 20%
Credit line term	36 months
Interest rate for the unused credit line	0%
Annual effective interest rate	10,7%- 24%
Credit line repayment order	Unequal (differentiated) instalments in the mandatory repayment amount
Minimum repayment limit	10% of the used credit line as of the end of the reporting period
Credit line amortization	-
Suspension of credit line amortization	-
Credit line interest payoff	Monthly, in the due payment period
Interim period for repayment of the used credit line	In each due payment period
Credit line issuance method	Noncash
Payment period	1 month
Settlement day	1st day of each month unless otherwise specified in the borrower's application-offer
Grace period	-
Credit line issuance	One-time or by installments
Credit line coverage	Surety
Contract requirements	The contract shall be signed in line with the standard form approved by the Bank

¹ For legal entities, the card is provided to the head of the executive body or the authorized person thereof. Application of conditions stricter than those specified in this document shall not be considered a deviation from the conditions set forth herein. ²Calculation of credit line interest The interest is accrued to the used credit line at the nominal rate according to the following formula: I=RL/D, where: I – interest per day R – nominal interest rate L – used credit line D – number of actual days per annum Example of interest calculation: Credit line limit – AMD 10,000,000 Used credit line - AMD 5,000,000 Annual interest rate – 13.5% Number of days per year – 365 The daily accumulated interest will amount to AMD 1.849.3 (5.000.00013.5%/365=1,849.3 AMD)
IMPORTANT TO KNOW
THE BORROWER SHALL BE ENTITLED TO EARLY REPAY, IN FULL OR IN PART, THE LIABILITIES UNDER THE CONTRACT, IN WHICH CASE THE PRINCIPAL LOAN SHALL BE REDUCED IN THE AMOUNT PAID AND THE TOTAL COST OF BORROWING SHALL BE REDUCED PROPORTIONATELY. IN THIS EVENT, THE INTEREST ACCRUED TO THE PRINCIPAL LOAN BALANCE AND THE MAINTENANCE FEE ACCRUED TO THE PRINCIPAL LOAN BALANCE THEREOF SHALL BE SUBJECT TO REDUCTION FROM THE TOTAL COST OF BORROWING. THE BANK MAY NOT APPLY ANY PENALTIES TO THE BORROWER UPON EXERCISING THEIR RIGHT AS SPECIFIED HEREIN.
In the event of default, the repayments shall be made in the following sequence: 1. receivables, maintenance fee, penalty accrued to (accumulated for) the overdue interest/Loan; 2. accrued (accumulated) yet unpaid overdue interest; 3. overdue Loan amount; 4. term interest accrued to (accumulated for) the used Loan; 5. Loan amount. The sequence of credit liabilities may be changed at the Bank’s discretion without prior notice to the borrower and/or the co-borrower.
The Bank undertakes to provide the client with the proposal (offer) seven days in advance and grant a seven-day reflection period.
Loans are issued exclusively under standard agreements approved by the Bank.
ATTENTION: The loan interest shall be settled based on the nominal interest rate. The annual effective interest rate shows how much the loan will cost you if the interest and other fees are paid in due time and amounts. The calculation of the annual effective interest rate is available on the Bank’s official website (www.ardshinbank.am).
NOTICE: In case of default, the information about late repayment of the loan and interest by the client will be furnished to the Credit Register of the Central Bank of Armenia and ARCA Credit Reporting CJSC.

ATTENTION:

YOUR PROPERTY MAY BE CONFISCATED IN A MANNER PRESCRIBED BY LAW IN CASE OF FAILURE TO REPAY BOTH INTEREST AND LOAN AMOUNT IN DUE TIME.

IN CASE OF NON-PERFORMANCE OR INCOMPLETE PERFORMANCE OF YOUR LIABILITIES, THE CREDITOR SHALL, AFTER 3 BUSINESS DAYS, SEND THE INFORMATION TO THE CREDIT BUREAU WHERE YOUR CREDIT REPORT IS CREATED. YOU ARE ENTITLED TO RECEIVE THE FREE COPY OF YOUR CREDIT REPORT FROM THE CREDIT BUREAU ONCE EVERY YEAR.

A POOR CREDIT HISTORY MAY LIMIT YOUR ACCESS TO FUTURE LOANS.

FINANCIAL ORGANIZATIONS IN THE REPUBLIC OF ARMENIA ARE SUPERVISED BY THE CENTRAL BANK OF ARMENIA.

Important to know

◾The Bank may request additional documents or other information from the consumer based on the “Know Your Customer” principle for the purpose of conducting due diligence on the customer as defined by the RA Law “On Combating Money Laundering and Financing of Terrorism”, as well as ask the consumer additional questions during oral communication (if such a request exists).

◾In accordance with the agreement signed with the United States based on the Foreign Account Tax Compliance Act (FATCA), the Bank may collect additional information to determine your US taxpayer status.

◾ATTENTION: Loan interest is calculated based on the nominal interest rate. The annual percentage rate shows how much the loan will cost you if you pay the interest and all mandatory payments for the loan and its servicing within the specified period and amount. You can find the procedure for calculating the annual percentage rate here.

◾WARNING: Your property (house, car, or other) may be seized in accordance with the law if you fail to make timely repayments of your interest and loan amounts.

◾ATTENTION: In case of failure or incomplete fulfillment of your obligation, the lender will send this data to the credit bureau after 3 business days, where your credit history is formed. You have the right to obtain your credit history from the credit bureau once a year for free. A bad credit history may hinder you from obtaining a loan in the future.

◾ATTENTION: “Your Financial Directory” www.fininfo.am is an electronic system that facilitates the search, comparison of services offered to individuals and the selection of the most effective option for you.

◾ATTENTION: When applying for a loan, the lender will provide you with an individual consumer loan essential terms sheet, which will present the individual terms of the loan to be provided to you.

◾The borrower has the right to unilaterally terminate the loan agreement without giving any reasons within 7 business days following its conclusion, unless a longer period is provided for in the loan agreement (cooling off period). In that case, the borrower is obliged to pay interest to the Bank for the use of the loan amount, which is calculated in accordance with the annual effective interest rate provided for in the loan agreement. No other compensation may be required from the consumer in connection with the termination of the loan agreement.

◾The borrower has the right to fulfill (repay) his obligations under the loan agreement ahead of schedule, regardless of whether such a right is provided for in the loan agreement or not.

◾You have the right to communicate with Ardshinbank CJSC in your preferred way: by mail or electronically. Receiving information electronically is the most convenient. It is available 24/7, is free from the risks of losing paper information, and ensures confidentiality.

Information about Score and Credit History

Tariffs and Terms for Issuing Copies of Contracts Concluded with the SME Legal Entities and Individual Entrepreneurs

FAQ

Can I apply for a line of credit if I have existing loans in another fin. in institutions.

Can I pay off a line of credit early?