• Decision on provision of installment loan is made within 5-15 minutes;
• You have the opportunity to save your time and make purchases at installment within minutes in the store without visiting the Bank,
• Opportunity to use Installment Loan Here and Now service throughout the country;
• On the basis of credit history, opportunity to receive an installment loan of up to 1,000,000 AMD (if the requirements are met).

• Loan repayment – at monthly installments or at installments of loan principal.

If required, another repayment schedule may be specified for repayment of interest amount and loan principal.

• Loan commission fee – monthly 0-1% of loan contractual amount
• Interest amount accrual – daily, on the reducing loan amount
• Collateral
• The purchased product

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About the amount of possible additional payments Loan Tariffs.

Previous terms of loan tariffs

Required documents:

• Identification document of the applicant;
• Public service number or a reference on not receiving a public service number.

If required, the following documents may be also required:

• Employer reference *
• Other documents proving the income
• For the customers, not having documented income, using “Money Transfers via Phone Call” service, the card account statement for the last 12 months shall be considered.

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.

• The decision on provision of the loan is made, notified to the customer and provided to the customer on the day of submission of required documents.
• Loan account statement (including duplicate) and other information is provided free of charge during the contract validity.
• NO FINES SHALL BE APPLIED IN CASE OF EARLY REPAYMENT OF THE LOAN.

Example of calculation of loan interest amount:

• Loan amount - 300, 000 AMD
• Loan interest rate - 21.6%
• Loan period - 24 months
• No commission fee

In this example the monthly loan repayment amount* will be 15,504 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.

Learn more:

Consumer loan calculator

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):

• Fine/penalty
• Interest amount
• Principal amount.

ACRA Agreement

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 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.

Financial assistant