Agricultural Loan Secured by Gold

Agricultural (USD)

Agricultural (AR AMD)

Credit type name	With a loan-to-collateral ratio of 600%: agricultural	Standard: Agricultural	For a period of 90 days: agricultural
Purpose of the loan	Development of agriculture
Currency	USD
Annual interest rate	1. The principal amount and the interest amount in case of repayment at the end of the contract period: 18.5-20.5% according to the appendix 1.3, 2. In case of annuity repayment: 18.5-19.75%	13 - 17.36%	2%
Annual effective interest rate**	13,4% - 24%	13,4% - 24%	13.69 - 15.10%
Loan/collateral ratio	600%	100%	100%
Term	1. 11-13 months in case of repayment of the principal amount at the end of the contract period 2. In case of annuity repayments: 60 months	1. In case of repayment of the principal amount at the end of the contract term: 6 months 2. 36-60 months in case of annuity repayments	90 days
Loan amount	300 - 5200 USD	100 - 5200 USD	100 - 5200 USD

** Due to third party payments, the actual rate may be higher.

Creditworthiness is assessed based on the Faico score or the Bank's internal scoring mechanism.

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Loan amount

Annual interest rate

Term of the loan

Mont

Year

The calculation is approximate and may differ from the final offer.

Our offer

Effective Interest Rate

1 %

Monthly payments

100,083֏

interest paid

83֏

Total payment

100,083֏

Repayment Schedule

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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.

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