About the possible additional payments: Loan tariffs.
Additional documents and information may be required due to various circumstances.
1 Documents are required if the data or documents in the database of the State Register of the Ministry of Justice of the Republic of Armenia are missing or incorrect.
2 The certificate can be obtained from the Bank or the State Register of the Ministry of Justice of the Republic of Armenia, moreover, the presentation of the certificate by legal entities is mandatory, and private entrepreneurs are required to submit the certificate in case of no submission of state registration certificate with their inserts by legal entities.
3 Can be submitted upon positive decision on the provision of the loan by the Bank.
If you do not have an account in the bank, you need to submit the necessary documents (originals) for opening an account with ACBA BANK OJSC.
YOU HAVE THE RIGHT TO COMMUNICATE WITH YOUR FINANCIAL ORGANIZATION IN YOUR PREFERRED METHOD - BY MAIL OR EMAIL. RECEIPT OF INFORMATION ELECTRONICALY IS THE MOST CONVENIENT. IT IS AVAILABLE 24/7, FREE OF THE RISK OF LOSS OF PAPER INFORMATION AND PROVIDES CONFIDENTIALITY.
Confiscation of collateral
THE PLEDGED PROPERTY CAN BE CONFISCATED, IF THE BORROWER DOES NOT DULY REPAY THE INTEREST AMOUNTS AND LOAN AMOUNT. IF THE COLLATERAL VALUE IS INSUFFICIENT, THE BORROWER’S LIABILITIES WILL BE REPAID AT THE EXPENSE OF OTHER PROPERTY OF THE BORROWER.
Information, provided to the Credit Registry
ATTENTION: IN CASE OF FAILURE TO FULFIL THE LIABILITIES OR IMPROPER PERFORMANCE OF LIABILITIES, THE CREDITOR SHALL SEND THESE DATA TO THE CREDIT BUREAU UPON 3 WORKING DAYS, WHERE YOUR CREDIT HISTORY IS REGISTERED. YOU HAVE THE RIGHT TO RECEIVE YOUR CREDIT HISTORY FROM THE CREDIT BUREAU FREE OF CHARGE ONCE IN A YEAR.
ATTENTION: BAD CREDIT HISTORY CAN BE AN OBSTACLE FOR YOU TO RECEIVE A LOAN IN THE FUTURE.
During the loan validity, the statements are provided via e-mail on a 30 days basis, unless the customer chooses another way of communication.