AGRICULTURAL LOANS BACKED BY VALUABLE ITEMS

12%

Annual nominal rate

800,000$

Maximum loan amount

60 months

Maximum term of loan repayment

15 min

For providing the loan

Enters into force on 16․03․2023

*Translated documents with the terms and conditions will be available soon.

TERMS AND TARIFFS

updated 01-05-2022, 16:00

	Standard Standard annuity		Grace (temporarily suspended)	+30% for "A" class customers	+50% (temporarily suspended)
Loan term	24 months	12-60 months	12-24 months	12-60 months
Grace period of maturity	23 months	not defined	11-23 months	not defined
Grace period for interest rate	not defined	not defined	up to 5 months	not defined
Loan currency	*AMD*
Payments	Free repayment schedule	Annuity	Free repayment schedule	Annuity	Annuity
Annual nominal interest rate	10%
Loan amount	80-800,000 USD		80-1600 USD	80-4400 USD	80-3000 USD
Loan to value maximum ratio	· up to 100% · Up to 110% for “B” class customers		up to 90%	up to 130%	up to 150%
Loan service fee	Not charged
Loan Provision Fee	Not charged

Creditor	· RA resident and non-resident individualsover 18 years of age · In case of +50% credit- Armenian citizens aged 23-60 years
Required Documents	*If registered in a rural area:* Personal identification document *If not registered in a rural area:* Certificate of actual residence in the rural area by the relevant body (community); Certificate or other document of property, leasing or gratuitous use of agricultural property (land, building, machinery, transport) Certificate about livestock issued by the relevant body (community) Certificate of agricultural activity issued by the relevant body (community).
*For lending purposes up to a maximum of 130% of the value of the collateral, Class ''A'' clients must meet the following minimum requirements.*	*For lending purposes up to a maximum of 110% of the value of the collateral, Class ''B'' clients must meet the following minimum requirements.*			*To provide up to 150% of the assessed value of the collateral, the client must simultaneously* *meet* *the following minimum requirements.*
· Over the past three years the gross overdue days for operating and repaid loans at the time of application should be 0	· Over the past three years the gross overdue days for operating and repaid loans at the time of application should be >=7,			· It is essential that the Borrower has ever been loaned at least the amount required
· Over the past three years the total days of the operating and repaid loans at the time of application should be >= 360 days	· Over the past three years the total days of the operating and repaid loans at the time of application should be >= 360 days			· At the time of application in the last two years: Duration of active or repaid loan> = 271 days · days overdue = 0 days
· Over the past three years the risk class of operating and repaid loans should be "Standard".	· Over the past three years the risk class of operating and repaid loans should be "Standard".			· Never qualified as "Suspicious" or "Unreliable"

OTHER TERMS

Introduction

Ø At the moment of lending to the Class A customers of the Organization, the gross balance of the loans provided per borrower line at these tariffs and the newly provided loan (including foreign currency) shall not exceed 4,400 USD.

Ø At the moment of lending to the Class B customers of the Organization, the gross balance of the loans provided per borrower line at these tariffs and the newly provided loan (including foreign currency) shall not exceed 11,000 USD.

Ø In case of + 50% loan type, the gross balance of the loans provided per borrower line at these tariffs and the newly provided loan (including foreign currency) at the moment of lending shall not exceed 2,800 USD.

1. The pledge is assessed according to the gold rating scale.

2. The loan interest and service fees are calculated in relation to the actual loan balance.

3. The loan is provided in cash, in lump sum.

4. The loan is provided in all branches of the Organization.

5. Factors for a positive decision to provide loan are the following:

Ø Compliance of the Borrower and Pledge to the requirements set forth in this document.

6. The factors for rejecting the loan are the following:

Ø Incompliance of the Borrwer and/ or Plegde to the requirements set forth in this document.

7. Making a decision on the loan application after submitting the required documents, informing the Customer and provision of loan within 1-5 minutes. Depending on the number of gemstones the time may vary.

8. In case of full repayment of the loan, the gold items pledged for the given loan shall be returned to the pledgor at least on the day following the repayment date.

9. As a rule, any amount credited for the purpose of loan repayment is directed by the Organization to the repayment of the amounts to be paid to the Organization by the Customer by virtue of loan agreement at the time of crediting, including penalties, service fees, interest, Loan amount repayment. The organization has the right to define a different order of amounts to be paid in the contract with the Customer.

10.Changes in foreign exchange rates can affect loan repayments as well as the actual annual interest rate.

11. The basis for calculating the interest rates on foreign currency loans (if available, service fees, fines, penalties), as well as the actual annual interest rate, is the current exchange rate set by the Central Bank of the Republic of Armenia.

12. In case of early repayment of the loan by the Customer, the loan interest amounts and the service fees, if any, are proportionally reduced if the latter is accrued on a daily basis, while the payments made to third parties are not subject to reduction.

13.Tariffs for non-financial services, including terms of provision of statements, copies of contracts and other information are published on the official website of the Organization: www.fastcredit.am, as well as posted in the places of business of the Organization.

14.WARNING: IF THE INTEREST AMOUNTS, LOAN AMOUNT, SERVICE FEES ARE NOT PAID IN TIME THE PLEDGED PROPERTY CAN BE CONFISCATED BY THE PROCEDURE ESTABLISHED BY LAW.

ATTENTION: IN CASE OF NOT FULFILLMENT OR INCOMPLETE FULFILLMENT OF THE OBLIGATIONS BY YOU, THE ORGANIZATION SENDS THOSE DATA TO THE CREDIT BUREAUWITHIN 3 WORKING DAYS WHERE YOUR CREDIT HISTORY IS FORMED. YOU HAVE THE RIGHT TO GET YOUR CREDIT HISTORY FROM THE CREDIT BUREAU FREE OF CHARGE ONCE EVERY YEAR. ATTENTION: BAD CREDIT HISTORY MAY HINDER RECEIVING A LOAN IN THE FUTURE.

15.ATTENTION: LOAN INTEREST AMOUNTS ARE CALCULATED BASED ON THE NOMINAL INTEREST RATE, WHILE THE ACTUAL ANNUAL INTEREST RATE SHOWS HOW MUCH THE LOAN, INTEREST AMOUNT AND OTHER PAYMENTS WILL COST IN CASE OF PAYING IN THE ESTABLISHED TIME AND AMOUNT. ACTUAL ANNUAL INTEREST RATE CALCULATION PROCEDURE IS POSTED ON THE OFFICIAL WEBSITE OF THE ORGANIZATION (www.fastcredit.am).

16.ATTENTION: YOU HAVE THE RIGHT TO COMMUNICATE WITH THE FINANCIAL ORGANIZATION IN THE MANNER PREFERRED BY YOU BY MAIL OR ELECTRONICALLY. GETTING INFORMATION ELECTRONICALLY IS THE MOST CONVENIENT. IT IS AVAILABLE 24/7, IS FREE OF RISK OF LOSS OF PAPER INFORMATION AND ENSURES PRIVACY.