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Revolving Lines
Revolving Lines are a working capital finance tool with duration of up to 3 years subject to annual reviews. The customer is allowed to drawdown amounts up to an approved limit, which are then repaid in a few monthly instalments. The repayment schedule is being discussed with the customer and is tailored to meet the trading cycle of the business.
Revolving lines may be combined with various into a combined limit, which will include import/export lines (documentary credits, documentary collections, etc.) and import/export cash facilities (import/export loans), various types of guarantees and performance bonds, as well as traditional loan lines and overdrafts that may be utilized interchangeably under a single controlling limit. For detailed information regarding the trade products and services please refer to the Trade and Supply Chain section
The range of interest rates applied on the capital finance facilities is HSBC Bank Armenia CJSC base rate plus a fixed interest margin, so that the resulting interest rate is in the range of 12%-18% p.a. under the General Lending Program and in the range of 15%-24% p.a. under the SME Lending Scheme.
