Progress Loans ''Partner''

A resident individual registered in the Republic of Armenia engaged in agriculture, who receives stable income from their agricultural activities (resides and conducts agricultural activities continuously for at least 3 months). When receiving loan funds, the borrower must act on their own behalf and for their own benefit. Taking a loan on behalf of or for the benefit of a third party is prohibited. 

 301,000-10,000,000 AMD 

0%

35.68%-41.05%

3-60 months, 49-60 months exclusively with real estate collateral, depending on the client's preferred payment date, the loan term may deviate from the specified number of months by up to 45 days. 

  21-65 years old 

  0% of the loan amount 

1.8% monthly fee for  3-24 month, 1.85% monthly fee for 25-60 month, against the loan principal amount 

15.000 AMD

  Non-cash 

Not provided

The total amount of all loans is up to 10,000,000 AMD. (Armenian Drams) 

Age requirement for guarantors: 21-65 years old (subject to change by the credit committee).
 
 In the case of 2,000,001 AMD and above, at least one of the guarantors must be a member of the borrower’s family and act as a joint (solidary) guarantor. 
 
 In the absence of such a guarantor, the joint guarantor may be replaced by an external guarantor acting as a subsidiary guarantor.
 
Minimum requirements for a subsidiary guarantor: Possession of stable income comparable to the loan amount (may include salary, account statement of income, entrepreneurial activity, liquid assets, vehicles, real estate) and other factors.
 
Each guarantor can be substituted by providing collateral worth at least 50% of the loan amount in the form of real estate (liquid value) and/or vehicle pledge (liquid value). If there are other participants in the customer's entrepreneurial (business) activities, regardless of the loan amount, obtaining a guarantee from such participants is a mandatory condition for loan security. If necessary, the Credit Committee may require additional forms of security in the form of supplementary guarantors or collateral. 

The borrower has the right to fully or partially repay the loan early and fulfill the contractual obligations without paying any penalties. 

Specifically: 

  1. For Individual Borrowers 

2. For Legal Entities
 

3. For Individual Entrepreneurs
 

 The organization makes a decision regarding the loan application within a maximum of 2 business days, and the loan is actually disbursed to the borrower within a maximum of 2 business days after loan approval. 

 Annuity (the sum of loan principal and interest is paid in equal monthly installments). 

 

"Arfin" UCO LLC will provide the client with information (statement) regarding the obligations arising from the loan agreement every 30 days. The statement is provided free of charge. You have the right to communicate with the financial organization through your preferred method: by postal mail, electronically, or by phone. 

 

ATTENTION: Poor credit history may hinder future loan processes.
 
Loans are processed at the office or representative branches of Arfin UCO LLC. 

"Your Financial Directory" www.fininfo.am is an electronic system that facilitates searching, comparing, and selecting the most effective options of services offered to individuals. 

 

What is a credit history? Credit history shows how you have fulfilled and continue to fulfill all your financial and credit obligations. Your credit history includes only data from the last 5 years from the date of the credit history inquiry (received loans - their quantity and amount, type and terms of each loan, repayment performance, guarantees provided to other people, presence of overdue loans, as well as associated fines and penalties). Example: If an inquiry about your credit history is made in July 2024, your credit history will reflect information only from July 2019 onwards. We also inform you that receiving a credit report from ACRA Credit Bureau once a year is free of charge. You can obtain your credit report online from the ACRA Credit Bureau website (www.acra.am) once a year and check your credit behavior. If you notice any errors, contact the lending organization to correct them. 

 What is a SCORE? 

The score is a customer creditworthiness rating formed in the scoring system, which is obtained through the analysis of various available information about the customer and the application of statistical methods. Based on the score rating, the possible credit limit, term, and other conditions for a specific type of loan can be determined. 

Arfin UCO LLC uses the ACRA SP3 complete report in the lending process, through which customer data is collected and analyzed, as well as information from various available information sources such as ACRA Credit Bureau, EKENG, NORK, and other databases is analyzed. Internal analysis algorithms are based on several key parameters, including the customer's credit history and financial behavior, credit load, income, and other factors. 

To improve the SCORE rating, the borrower can: 

For more detailed information, you can visit the following links:
abcfinance.am
acra.am 

 The Terms and Conditions for the provision and subsequent servicing of loans were adopted and approved by Order No. 50 of the Executive Director of ARFIN UCO LLC, Mr. Ararat Jaghatspanyan, dated 18 February 2026.