SME-FLEXI

Fast
Flexible
Simple

A new type of loan with flexible lending.

Ardshinbank supports small and medium-sized enterprises by providing short-term loans with the possibility of extension.

Loans can be used for import, export, short-term financing, payment of creditor debt, customs clearance, fulfillment of tax obligations and refinancing of other loans.

Fast, flexible financing tailored to your business goals.

Main terms

Additional terms

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SME-FLEXI Loan Terms and Conditions for Small and Medium-Sized Enterprises - valid from 02.06.2026
Financing source	ARDSHINBANK OJSC	KFW-MSME-REF, GAF ADB Women, WB-IBRD-FMB FMF, KFW-AGRO and new program resources
Loan purpose	Replenishment of working assets, purchase of fixed assets (capital investments), financing of current expenditures and repayment of accounts payable/refinancing of loans from other banks	Replenishment of working assets, purchase of fixed assets (capital investments), financing of current expenditures
Loan currency	AMD/USD/EUR	AMD
Annual interest rate for short term loans (fixed)	9% - 11.5% AMD 6% - 8% USD 4.5% - 6% EUR (Annex 1.1)	9% - 11.5% (Annex 1.1)
Annual interest rate for long-term loans (fixed)	12.5% - 14% AMD 9% - 11% USD 8.5% - 10% EUR (Annex 1.1)	12% (Annex 1.1)
Overdue loan interest rate	24%
Minimum loan amount	AMD 5 100 000 or a foreign currency equivalent	AMD 5 100 000
Maximum loan amount (the maximum limit per one borrower may not exceed AMD 300 000 000 or a foreign currency equivalent)	AMD 300 000 000 or a foreign currency equivalent	AMD 100 000 000
Loan term¹	1. For short-term loans: max 12 months. 2. For long-term loans: max 60 months from the contract date: 2.1 In the presence of the client’s application: within the timeframe specified therein; 2.2 In the absence of the client’s application: 60 months.
Maximum LTV ratio²	1. For residential and public areas in Yerevan - 80%, outside of Yerevan - 70% 2. For land plots in Yerevan - 70%, outside of Yerevan - 50%
Loan and interest repayment	1. For short term loans: repayment of the principal loan – at the end of term, and the interest – in monthly installments. 2. For long-term loans: equal monthly installments of the principal loan and interest (annuity).
Application screening fee	1. AMD 10 000 2. For the approved application, as well as for amendment of the provided loan conditions: AMD 50 000
One-time issuance fee (not refundable in case of early repayment)	1. 1-6 months loans: 0.25% of the loan amount; 2. 7-12 months loans: 0.5% of the loan amount; 3. For long-term loans: not applicable.
Pledge right state registration fee	Pursuant to the RA Cadaster Committee tariffs for each collateral, one-time at issuance of the loan
Fee for freeing collaterals at the client’s request (per one contract, regardless of the quantity of collaterals pledged under the contract)	AMD 50,000
Loan withdrawal	Pursuant to the Bank tariffs
Loan issuance	Noncash
Loan use	Noncash/Cash
Bank account opening	Pursuant to the Bank tariffs
Terms and procedure for transition from a short-term to a long-term loan	Annex 1.5
Maximum loan reviews	1. Once during each calendar year after loan issuance. 2. No limitation is applied for replenishment of the loan amount subject to the specified terms and conditions.		Once during the loan maintenance term
Amendment of the contractual amount	The amount of the remaining loan and the added amount is defined as the amount of the new contract.		All types of term and overdue loan liabilities (including all expences incurred by the Bank for collection of overdue liabilities) shall be added to the principal loan, and a new contractual amount is determined thereof
Loan maintenance fee	Not defined / the previously applied maintenance fee for the reviewed loan shall be terminated /
Conclusion of a master contract for performing financial operations	1. Term of cooperation: 20 years 2. Lending under the Master Contract is performed on the conditions effective thereof

Additional notes

The Bank’s own and program resources may be concurrently used by the borrower.

For foreign currency loans, the issuance fee is calculated and charged in AMD. The currency exchange is carried out at non-cash rate of the given foreign currency published by the Bank at the time of collection. A one-time issuance fee and collateral processing fee are charged prior to loan issuance.

Loans are provided exclusively under the existing or newly concluded master contract for performing financial operations.
No fee is charged for conclusion of the master contract for performing financial operations.

The cadastral costs for state registration of the property pledge right shall be borne by the Bank, except in cases when the client wishes to register the Bank's pledge right in an accelerated manner beyond the standard timeframes stipulated by law, in which case no state registration fee of the pledge right shall be charged.

The transition from a short-term to a long-term period envisaged by these terms is not considered a revision of the loan conditions.

Application of conditions stricter than those specified in this document shall not be considered a deviation from the conditions set forth herein.

Application of an interest rate higher than those determined for each interval is not considered a deviation from the specified terms.

In case of non-refinancing or termination of financing of loans under the Program resource, the interest rate determined under the contract is changed, and the interest rate specified for the Bank's own resource is set thereto.

A financing limit can be provided to the client for a 12-month period.
Within the effective period of the limit, the client can be issued SME-FLEXI loans under its current terms and conditions.
A respective business analysis is performed for issuance of the credit limit.
1. When reviewing each SME-FLEXI loan application within the credit limit, the intended use of each SME FLEXI loan provided within the limit is checked thereof.
2. The reason for rejecting a new SME FLEXI loan application within the credit limit is the deterioration of the client's credit history and loan debt.
2.1 As of the moment of SME FLEXI loan application review within the credit limit, there are above than 30 (thirty) cumulative overdue days in the past 12 months for liabilities pertaining to current loans at the Bank, other RA banks and credit organizations and (or) accrued interest thereof and any liabilities classified by a category above controlled, and/or
2.2. Increased loan debt: if the client's loan debt is increased by 10% or more during the effective term of the credit limit (financing by Ardshinbank is not included in the calculation), the provision of loan instruments within the limit is terminated, except in cases when the possibility of refinancing such loan/s is being considered.
3. SME FLEXI loans within the credit limit are provided exclusively under the existing or newly concluded master contract for performing financial operations.
4. For each SME FLEXI loan within the credit limit a respective loan agreement shall be concluded thereof.
5. The client is liable to receive an unlimited number of SME FLEXI loans for small and medium-sized businesses in the amount of the maximum credit limit.

1 The date of transition from a short-term to a long-term period is considered the end of the last day of the short-term period, and in case of a non-working day - the end of the next working day.
2 If pledging various types of collateral, each type shall be included at its maximum LTV ratio, and the pledge of 100% of shares/stock of legal entity pledgers shall be considered thereof.

Annex 1.1

Annex 1.5

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

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

Credit risk class	Absence of liabilities classified by a category above standard (under objective criteria)
Accumulated interest	1. In the presence of the client’s application: the absence of accrued interest; 2. In the absence of the client’s application: accrued and unpaid interest (if any) are transferred to the first payment day of the long-term period.
Long-term period	1. In the presence of the client’s application: within the timeframe specified therein; 2. In the absence of the client’s application: 60 months

Annual interest rate for short-term loans
Financing source	ARDSHINBANK OJSC			KFW-MSME-REF, GAF ADB Women, WB-IBRD-FMB FMF, KFW-AGRO and new program resources
Loan term	AMD	USD	EUR	AMD
0-3 months	9%	6%	4.5%	9%
4-6 months	10.5%	7%	5%	10.5%
7-9 months	11%	7.5%	5.5%	11%
10-12 months	11.5%	8%	6%	11.5%
Annual interest rate for long-term loans
Financing source	ARDSHINBANK OJSC			KFW-MSME-REF, GAF ADB Women, WB-IBRD-FMB FMF, KFW-AGRO and new program resources
Loan term as of the contract date	AMD	USD	EUR	AMD
up to 24 months	12.5%	9%	8.5%	12%
25-36 months	13.5%	10%	9.5%
37-60 months	14.0%	11%	10%