ACBA ON-LINE
Individuals
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Obtaining a credit line on your card
The Bank offers its cardholders the possibility to obtain credit lines on various local and international payment system cards. The credit line gives an opportunity to manage the credit funds provided to You by the Bank easily lowering Your interest expenses.

You use Your credit line funds, repay them and again use the credit line the way You prefer.

Card

Maximum credit line limit

Credit line interest rate

Required monthly repayment

Grace period

American Express Gold Card

18,000,000 AMD or corresponding amount in foreign currency

18% (AMD), 16% (foreign currency)

5%

Up to the 20th calendar day of the following month; applies to payment transactions only

American Express Blue Card

2,500,000 AMD or corresponding amount in foreign currency

18% (AMD),

16% (foreign currency)

10%

Up to the 20th calendar day of the following month; applies to payment transactions only

American Express Cashback Card

1,000,000 AMD or corresponding amount in foreign currency

20% (AMD),

16% (foreign currency)

10%

15 calendar days after transaction

ArCa Classic

600,000 AMD

Cards in AMD:

- not secured with pledge - 21-24%

- secured with pledge - 18-22%

10%

Not applicable

ACBA Transfer

300,000 AMD or corresponding amount in foreign currency

Not secured with pledge

- cards in AMD - 21-24%

- cards in USD - 16-19%

- cards in EUR – 15-18%

Secured with pledge:

- cards in AMD - 18-22%

- cards in USD - 15-18%

- cards in EUR – 14-17%

10%

Not applicable

ArCa Credit

2.000.000 AMD or corresponding amount in foreign currency which is provided only in case of credit lines with reducible limits and non-revolving credit lines

Not secured with pledge

- cards in AMD - 21-24%

- cards in USD - 16-19%

- cards in EUR – 15-18%

Secured with pledge:

- cards in AMD - 18-22%

- cards in USD - 15-18%

- cards in EUR – 14-17%

According to the credit line agreement

-

ArCa Farmer

400,000 AMD or 1,000 USD

18-20% (foreign currency),
22% (AMD)

-

-

Visa Electron and Maestro

600,000 AMD or corresponding amount in foreign currency

Not secured with pledge

- cards in AMD - 21-24%

- cards in USD - 16-19%

- cards in EUR – 15-18%

Secured with pledge:

- cards in AMD - 18-22%

- cards in USD - 15-18%

- cards in EUR – 14-17%

10%

Not applicable

Visa Classic, Mastercard Standard and MasterCard UEFA Champions League, Visa Benefactor

3,000,000 AMD or corresponding amount in foreign currency

Not secured with pledge

- cards in AMD - 21-24%

- cards in USD - 16-19%

- cards in EUR – 15-18%

Secured with pledge:

- cards in AMD - 18-22%

- cards in USD - 15-18%

- cards in EUR – 14-17%

10%

Up to the 7th calendar day of the following month, applies for the payment transactions only

Visa Gold and MasterCard Gold

9,000,000 AMD or corresponding amount in foreign currency

Not secured with pledge

- cards in AMD - 21-24%

- cards in USD - 16-19%

- cards in EUR – 15-18%

Secured with pledge:

- cards in AMD - 18-22%

- cards in USD - 15-18%

- cards in EUR – 14-17%

10%

Up to the 14th calendar day of the following month, applies for the payment transactions only

Visa Business

9,000,000 AMD or corresponding amount in foreign currency

18-20% (AMD), 16-20% (foreign currency)

10%

Up to the 7th calendar day of the following month, applies for the payment transactions only

The credit line provided with a card can be:

  • standard
  • with reducible limit
  • non-revolving

  • Standard credit line

Credit funds provided by the Bank, during the usage of which the limit of the credit line usage revolves when making loan repayments. In case of the standard credit line the interest accrues daily on the used portion of the credit line, moreover, no changes of the credit line interest rate are foreseen during the agreement validity period. After the expiry of the credit line deadline, in case of fulfillment of the conditions set by the Bank the credit line terms may be extended.

  • Credit line with reducible limit

Credit funds provided by the Bank, during the usage of which the credit line amount is equally decreased each month in the equal amount of funds set by the Bank in advance. The monthly repayment of the credit line with reducible limit includes the principal amount to be repaid and the total amount of the interest accrued by the last busineses day of the previous month towards the used credit funds.

  • Non-revolving credit line

Credit funds provided by the Bank after the provision of which in case of making repayments during the first ten days the limit of the credit line revolves, and in 10 days after the credit line provision it becomes non-revolving, reduces in the amount of the not used funds and repayments are defined until the complete repayment of the credit line.

  • Effective annual interest rate

The interest anounts of the loan are accrued based on nominal interest rate. The actual annual interest rate shows how much the credit line usage will cost in case of making all the interest and other payments within the prescribed period.

In case of not maing the the interest amount and credit amount payments on time, penalty is accrued towards the not implemented monetary obligations in the amount of 0.13 percent daily.

In case of not performing or improperly performing Your credit obligations towards “ACBA-CREDIT AGRICOLE BANK” CJSC the Bank will send Your data (on not performing or improperly performing Your credit obligations) in 3 (three) business days to the credit registry and/or credit bureau (ACRA).

Having a bad credit history may become an obstacle for You in the future in obtaining loans.

Documents required to obtain a card credit line:

  • Personal identification document
  • Documents from the workplace certifying the amount of the salary (after paying the taxes)
  • A third-party guarantee (if required)
  • Documents verifying the salary (salaries) of family members (if required)

For any questions please call (010) 31 88 99 to our 24/7 call center.

In case of any inconsistencies between the published Armenian and English information, the Armenian version prevails.
Updated: 07.06.2018 10:33
82-84 Aram Street, Yerevan, Armenia
Tel: (+374 10) 31 88 88
Fax: (+374 10) 54 34 85
E-mail: acba@acba.am