Financial lease (leasing)

AMD or equivalent USD


300.000 - 40.000.000

Credit/Leasing Sum

9 - 23.9 %

Credit/Leasing Percent

9.2 – 26.70 %

Credit/Leasing actual interest rate

6 - 72 Month

Credit/Leasing duration



Credit/Leasing Sum

Credit/Leasing Percent

Credit/Leasing actual interest rate


Credit/Leasing duration

Target group - The leasing service can be used by shareholders who are members of "Farm Credit Armenia" UCO CC, whose activities include agriculture, agribusiness and other fields. Citizens and legal entities engaged in agricultural production, processing and other related activities, commercial, manufacturing or other entrepreneurial activities can become members-shareholders of the cooperative.

The following main assets sold in the primary market can be the subject of leasing:

- Tractors, agricultural machinery, equipment

- Production lines and equipment

- Construction equipment

- Motor transport

- Other fixed assets

The minimum advance payment required for leasing is defined as 20% of the value of the leasing object. Pledge and/or guarantee may be required at the discretion of the Credit Committee.

The subject of the lease is subject to insurance with a custodial company acceptable to the CO. Insurance must be carried out throughout the duration of the leasing contract, at minimum intervals of one year.

Leasing transactions with the funds of MCA-Armenia Fund are concluded in the presence of a positive conclusion from the fund.

Credit percent calculate example

The actual annual interest rate shows how much the loan (leasing) will cost you if you make the interest payments and other payments in the specified terms and amounts.

Example of interest calculation


Daily Interest Amount = Lease Amount Balance x Annual Interest Rate/365

For example:

 Balance of the leasing amount: - 2,000,000 AMD Annual leasing rate: - 14%

Daily interest = 2,000,000 x 14 %/365 = 767.12


Size of penalties - In case of delays in loan interest or principal payments, the client pays a penalty calculated on the overdue amount (overdue loan amount and overdue loan interest) at a rate of 0.13% for each day of delay until the 270th day of successive day of being overdue. From the 271st day of continuous delinquency, the calculation of penalties ceases.

Early repayment option - The lessee can early repay the lease obligation. Cooperative rates may include early repayment penalties.


Repayment frequency

Depending on the customer’s cash flow monthly equal repayments, equal principal repayments, quarterly or 6 month periods of repayments can be defined.


Security - Colleteral, guarantee. The subject of pledge can be:

- real estate (production areas, buildings, constructions, private houses, apartments, land plots, fishponds, gardens, other real estate),

- vehicles: passenger cars and trucks,

- agricultural machinery,

- construction equipment,

- production lines, equipment, - large and small cattle, sows.

The real estate mortgage agreement is subject to notarization. The lien on real estate and vehicles is subject to state registration.

The value of the collateral in relation to the loan cannot exceed 80%. The guarantor must own a property or a share of any real estate, or must be a legal employee of the RA state or any international organization operating in the RA, or any organization with a good reputation in the RA business environment, or be a client of VC and a VC. who has a financial analysis of his solvency not older than 6 months.


We inform you that:

- If the borrower does not fulfill his obligations, then you will pay for him, your credit history will deteriorate and you may be deprived of your property.

- You will be provided with a sample loan, guarantee agreement and repayment schedule.

- Communication will be carried out by the method chosen by you.

- You will be notified 7 days in advance about the change in the terms of the contract.

- A reminder will be sent 1 day in advance regarding the existing obligation.

- In case of delay in repayment of the loan, you will be informed about it after one day at the latest.


Other fee

Loan service fee: 0-0.1% per month, depending on the source of financing.

The loan service fee is calculated on the actual loan balance.

Loan service repayments are determined on the day of each loan repayment schedule of loan principal / interest rate.

-     In case of cash operations with commercial banks and payment organizations, the customer may be required to pay cash withdraw fee up to 0.25% of the amount.

-     When repaying the loan principal and interest by the customer through the payment terminals payment organizations, a commission fee of 100-300 AMD will be charged for each transaction.

In case of collateralized loans, possible costs of the customer for the services provided by third parties.

Property Pledging Articles

Property Pledging Costs

Real Estate


Other movable property

Pledge value estimation 

15,000 – 80,000



 Certificate on pledge release from the ban




  Notarization of the agreement 

10,000 – 20,000



 State registration of the right for the pledge 

3000 – 26,000




Credit/Leasing bid confirmation

Leasing Application Confirmation

The decision on leasing application is made within 15 days after receiving the application. The customer is informed about that on the same day.


Factors for Confirming the Leasing Application

-   presence of actual activity in the regions of RA

-   correspondence to the requirements of financing programs and funds

-   correspondence of paying capacity to the requirements defined by the company



Factors for Rejecting the Leasing Application

The applicants who do not meet the above mentioned requirements for leasing or when the solvency of the applicant is not sufficient, the applicants cannot use the lease services provided by the company.

Upon the applicant’s wish the company can present a written rejection letter.



Documents Required for Leasing:

For legal entities:

-   Copy of the state registry certificate

-   Copy of the company foundation contract

-   Copy of the company legislation

-   Financial statements

-   Founders’ decision on pledging the company property

-   Copies of property certificates

-   Statement from the order of appointment of the director or the order copy

-   Copy of the director’s identification document

-   In case of pledging equipment, the passports of those

-   In case of pledging vehicles, copies of their technical passports


For physical entities:

-  Leasing application

-  Identification document, social security card/public service identification number or a statement of its absence

-  Documents stating property of the pledge as an additional liability

-  In case of pledging equipment, the passports of those

-  In case of pledging vehicles, copies of their technical passports

-  Statements of income (salary, etc.)

Credit Calculator

The answer is not final because it is calculated individually.
  • Credit sum
  • Credit Percent
  • Credit duration (month)

. You have the right to communicate with the credit institution in the way you prefer, by mail or electronically. Receiving information electronically is the most convenient. It is available 24/7, free from the risks of paper information loss and ensures privacy. In the case of foreign currency loans, loan repayments may be affected by differences in foreign currency exchange rates.

. The actual interest rates of loans in US dollars were calculated based on the average exchange rate of the US dollar published by the Central Bank of Armenia on 17/02/2023. The actual annual interest rate may change depending on the change in the magnitude of the exchange rate published by the Central Bank of Armenia.

. In case of a change of 2 or more percentage points in the bank interest calculation rate set by the Central Bank of the Republic of Armenia, the organization can revise the current loan interest rate, but not more than twice the current bank interest rate.

. Your property (home, car, or other) may be seized if you fail to make your interest and loan payments on time.

. In case of non-fulfilment or incomplete fulfillment of the obligation by you, the lender sends the data to the credit bureau after 3 working days, where your credit history is formed. You have the right to get your credit history from the credit bureau once a year for free.

Attention: a bad credit history can prevent you from getting a loan in the future.

. In case of non-fulfillment of obligations by the borrower, the obligations can be paid off at the expense of other property of the borrower, if the collateral is not sufficient to repay the obligations at the expense of the collateral (at the expense of the money received from the sale of the subject of the collateral).


In case of non-performance of obligations for the repayment of credit expenses (at the expense of the amount obtained from the realization of collateral), the obligation may be redeemed at the expense of lessee’s other property.