Loans are issued for different periods depending on the purpose, business-plan and customer's creditworthiness: Short-term loans - from one week to one year; Long-term loans - over one year;

Line of credit

A line of credit - essentially represents loans disbursed to the customer in installments or at his request against an amount specified in the underlying loan agreement. The total amount of the line of credit specified in the agreement can be renewed once fully or partially repaid..

Lombard loan

Such loans are issued to individuals and secured mostly with movable property (gold, jewelry, etc.) kept at the bank. Lombard loans shall not be issued if no collateral is available.

Mortgage loans

Loans issued against the collateral of real estate are mortgage loans. Such loans are issued under mortgage agreements. A mortgage agreement must be notarized and pass state registration. Mortgage agreement mush be executed in full compliance with the applicable laws. If the mortgagor or the borrower fails to perform his obligations in a timely manner, the mortgagee (the Bank) may dispose of the property pledged through an auction to cover its claims.

Auto credits

Auto credits are given to natural persons to support them in purchasing a transportation facility.

Annual interest rate of the credit: 24% annually

Debtor must be over 22 years old.

Transportation facility being purchased and offered as a pledge should have been operated maximum 5 years. A transportation facility being purchased out of the proceeds of the credit should be pledged as a security for that credit (the pledge agreement should be presented to the bank not later than in one day after it was officially registered). Minimum 30% of the value of the transportation facility being purchased out of the proceeds of the credit and being pledged as a security should be paid by the debtor. Maximum amount of the credit to be allocated for the purchase of a transportation facility is 30,000 US Dollars.

Maximum term of the credit to be allocated for the purchase of a transportation facility is 18 months. Allocation of a credit for a longer term should be coordinated with the Bank's Credit Committee. Repayment of the debt (debt on the credit and interests calculated on this debt) received by a debtor should be carried out by monthly equal payments. Term of a credit to be allocated for the purchase of transportation facility is determined according to the following table depending on the operation term of the transportation facility:

Following documents should be submitted by a debtor to obtain an auto credit:

1. Application with the request to allocate an auto credit;
2. Form for obtaining of an auto credit;
3. Identity Card;
4. Document about the debtor's salary and incomes confirmed by other documents;
5. Certificate on technical examination of the transportation facility to be pledged as the security for the auto credit issued by the State Road Police of the Internal Ministry of AR.;

Following agreements should be executed for allocation of auto credits:

1. A credit agreement concluded between the debtor and the Bank on the allocation of credit facilities to the debtor for the purchase of a transportation facility (using the form attached);
2. Purchase and sale agreement for the transportation facility;
3. An agreement on charging the transportation facility purchased out of the proceeds of the credit with pledge as the security for the obligations under the credit agreement (using the form attached);
4. 1 year insurance agreement for the full amount of the transportation facility charged with pledge.