If required, another repayment schedule may be specified for repayment of interest amount and loan principal.
About the amount of possible additional payments Loan Tariffs.
If required, the following documents may be also required:
The issue date of the documents at the time of acceptance shall not exceed 15 days. Depending on the circumstances, additional documents and information may be required.
* Reference shall include the customer's monthly net salary/income after taxes, work address, phone numbers, signature and stamp of the referring organization manager, outgoing date of issue.
Installment loans are provided to customers of the legal entities and private entrepreneurs, cooperating with the Bank under the framework of provision of installment loans.
Example of calculation of loan interest amount:
In this example the monthly loan repayment amount* will be 15,482 AMD.
*Repayment amount may differ depending on the number of days of the given month.
ATTENTION: LOAN INTEREST AMOUNTS ARE CALCULATED BASED ON THE NOMINAL INTEREST RATE, AND THE ANNUAL ACTUAL INTEREST RATE SHOWS HOW MUCH THE LOAN WILL COST FOR YOU, IN CASE OF DUE PAYMENT OF INTEREST AMOUNTS, LOAN PRINCIPAL AMOUNT AND ALL MANDATORY FEES FOR PROVISION AND SERVICE OF LOAN. YOU CAN FIND THE CALCULATION OF ACTUAL INTEREST RATE HERE.
Failure by the borrower to fulfill its liabilities on time is subject to a fine of 0.13% (applied fines) for each overdue day.
The loan repayment is performed in the following sequence (in case of repaying overdue liabilities):
Loans are provided to individuals to purchase services such as household goods, computer equipment, furniture, building materials, other goods, and services.
The loan amount is provided non-cash. The loan amount is transferred to the partners cooperating with the Bank within the framework of providing credit loans.
The factors of a positive decision to provide a loan are the assessment of the customer's creditworthiness,
Loan rejection factors include poor financial performance of the analysis, poor credit history of the customer, insufficiency / lack of necessary collateral, professional opinion of the Business Consultant, professional opinion of the Credit Committee.
The loan is secured at the place of activity of the cooperating organization,
During the validity of the contract, the statements are provided via e-mail on a daily basis, unless the customer chooses another way of communication.
YOU HAVE THE RIGHT TO COMMUNICATE WITH THE FINANCIAL ORGANIZATION BY YOUR PREFERRED BY MAIL OR ELECTRONIC MEANS. GETTING ELECTRONIC INFORMATION IS THE MOST CONVENIENT. IT IS AVAILABLE WITH 24/7 MODE, IS FREE OF RISK OF LOSS OF PAPER INFORMATION AND ENSURES PRIVACY.
The Bank may unilaterally change the interest rate stipulated in the agreement by notifying the Borrower at least 7 calendar days in advance in case of non-use of the loan, as well as in case of non-fulfillment of the obligations under the loan agreement.
ATTENTION: WHEN APPLYING FOR A LOAN, THE LENDER WILL PROVIDE YOU THE GUARANTEER (S) (IF AVAILABLE) OF AN INDIVIDUAL SHEET OF CONSUMER LOANS. TO WHOM THE INDIVIDUAL LOAN TERMS WILL BE PRESENTED TO YOU?
Information provided to the credit registry
ATTENTION: IF YOUR OBLIGATION DOES NOT FULFILL OR DEFICIATELY, THE LENDER THREE WORDS DISMISSES YOUR CREDIT BURNER. YOU HAVE THE RIGHT TO PURCHASE YOUR CREDIT HISTORY FROM THE CREDIT BUREAU ONCE ANNUALLY.
ATTENTION: BAD CREDIT HISTORY MAY HINDER YOU MAKING A LOAN IN THE FUTURE.
Please be informed that:
If the borrower does not fulfill the obligations, you will pay for him, your credit history will deteriorate, you will lose your property.
An example of a loan, guarantee agreement և repayment schedule will be provided to you.
Communication will be done in the way you choose.
You will be notified 7 days in advance of the change in the terms of the contract.
A reminder will be sent 1 day in advance about the existing obligation.
If the loan is repaid in a day at the latest, you will be notified.
THE GUARANTEE HAS A RIGHT
Request information from the lender on the amount of the loan balance at any time.
Repay the loan amount you paid for the loan, as well as other losses incurred on behalf of the borrower.