• Opportunity to get a loan also through Acba digital system
• No monthly service fee
• No loan study fee
• Providing a loan within the same banking day
• Loan is provided without collateral and without a garantee*
• Loans are provided without income document to individuals with a permanent income
• If the salary is received through the Bank, it is possible to receive a loan on preferential terms

*If the income of a family member is also included in the financial analysis, then the latter must be a guarantor.

Annual nominal interest rate:

• 9 to 12 months - 12.9-13.9%
• 13 to 24 months - 14.9-15.9%
• 25 to 36 months - 17.5-18.5%
• 37 to 48 months - 18.6%-18.9%
• 49 to 60 months - 18.9%-19.9%
• in case of a loan provision via Acba Digital system - 19.9%
  
  

In individual cases, as a result of creditworthiness assessment, the loan interest rate can be set up to 2.5% percentage point higher than the maximum interest rate corresponding to the given period, but not more than 20%.

• Annual effective interest rate - 19.59-24%
• Loan repayments - equal monthly instalments or equal repayments of the principal amount
  
  

If necessary, a different schedule of interest and principal repayment can be set.

• Collateral - without guarantee based on the borrower's financial flow*
• Loan commission - in the amount of 3% of the loan amount
• Calculation of interest amount - daily against decreasing loan balance

Receive your salary through the Bank and take advantage of preferential terms starting from 11.4% per annum.

You can get acquainted with the types of loans with the salary program here.

Learn more:

About the amount of possible additional payments: Loan tariffs.

Previous terms of loan tariffs

*If the income of a family member is also included in the financial analysis, then the latter must be a guarantor.

Required documents:

• Personal identification documents of the applicant,
• Social services number,

The following documents may also be required:

• Statement from the place of employment or other documents verifying the customer’s income. The statement/documents should specify the customer’s net monthly income after all applicable taxes. If the customer is engaged in entrepreneurial or licensed activities, tax reports and founding documents (with copies) of the legal entity or sole proprietorship must also be provided,
• Copies of personal identification documents of guarantors,
• Other documents, as requested (e.g. statement(s) from the place(s) of employment of family member(s).

• The decision on the loan application is made and the customer is informed within 1 banking day after the submission of the necessary documents
• Signing the loan package and formulating the loan can be done without visiting the Bank by signing the loan package electronically.
• The loan is provided to the customer within a maximum of 1 banking day
• NO PENALTIES ARE CHARGED IN CASE OF EARLY LOAN REPAYMENT
  
  

Credit calculation example

• Loan amount – 2,500,000 AMD
• Loan annual interest rate - 18.5 %
• Loan period – 36 months
• Commission fee - 3%
• In this example the monthly amount to be repaid will comprise 91,009 AMD
• Actual annual interest rate will comprise 22.78%
• Daily interest amount will comprise Loan amount (balance) × Loan interest rate ÷ 365 = (2,500,000×18.5%÷365) = 1267.12 AMD

* The repayment amount may vary depending on the number of days in a given month

ATTENTION: LOAN INTEREST IS CALCULATED ON THE BASIS OF NOMINAL INTEREST RATE, AND THE ANNUAL INTEREST RATE SHOWS HOW MUCH THE LOAN WILL COST YOU IN CASE OF DULY PAYMENT OF INTEREST AMOUNTS AND ALL MANDATORY FEES ON LOAN PROVISION AND SERVICE. THE ACTUAL INTEREST RATE CALCULATOR CAN BE FOUND HERE.

Learn more:

• Consumer loan calculator
• If the borrower does not fulfil their obligations on time, a penalty of 0.13% is calculated for each overdue day (applicable fines).

Loan repayments are carried out in the following order (in case of overdue liabilities):

• Fine/penalty
• Interest amount
• Principal

Important to know window

• The loan is processed through ACBA Digital system (in case of established conditions) or in the Bank branch.
• Loans are provided to resident individuals with a documented or a stable income, proven by an analysis, as well as a positive credit history, for consumption purposes.
• The loan amount is provided non-cash.
• The factors of a positive decision to provide a loan are the assessment of the customer's creditworthiness.
• Loan rejection factors are insufficient financial results of the analysis, poor credit history of the customer; insufficiency / lack of necessary security, professional opinion of the Business Consultant, professional opinion of the Credit Committee.
• During the validity of the contract, the statements are provided by e-mail at a frequency of thirty days, if the customer does not choose another way of communication.

Loan account statement subject to mandatory provision under RA legislation and other information is provided free of charge. The statement subject to non-mandatory provision by the RA legislation, the copy of the statement is provided

• In case of validity of up to 6 months (inclusive) - free of charge,
• In case of validity of 6 to 12 months (inclusive) - 2,000 AMD (including VAT),
• In case of validity of more than 1 year - 3,000 AMD (including VAT).

YOU HAVE THE RIGHT TO COMMUNICATE WITH THE FINANCIAL ORGANIZATION BY YOUR PREFERRED WAY OF COMMUNICATION, BY MAIL OR ELECTRONIC MEANS. RECEIVING INFORMATION ELECTRONICALLY IS THE MOST CONVENIENT. IT IS AVAILABLE 24/7, 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 CREDITOR WILL PROVIDE YOU, GUARANTOR(S) (if available) WITH AN INDIVIDUAL SHEET OF SIGNIFICANT TERMS OF CONSUMER LOANS, IN WHICH THE INDIVIDUAL LOAN CONDITIONS TO BE PROVIDED TO YOU WILL BE SPECIFIED.

Information provided to the credit registry

ATTENTION: IN CASE OF NO-PERFORMANCE OR IMPROPER PERFORMANCE OF OBLIGATIONS BY YOU, AFTER 3 WORKING DAYS THE CREDITOR SUBMITS THESE DATA TO THE CREDIT BUREAU, WHERE YOUR CREDIT HISTORY IS CREATED. YOU HAVE THE RIGHT TO RECEIVE YOUR CREDIT HISTORY FROM THE CREDIT BUREAU ONCE A YEAR FREE OF CHARGE.

ATTENTION: BAD CREDIT HISTORY MAY PREVENT YOU FROM RECEIVING A LOAN IN THE FUTURE.

FOR GUARANTEES.

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.
• In case of late repayment of the loan, you will be notified in a day at the latest.

THE GUARANTEER 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.

Financial Assistant

www.fininfo.am

ATTENTION: "YOUR FINANCIAL INFORMATION" IS AN ELECTRONIC SYSTEM, WHICH MAKES THE SEARCH, COMPARISON AND SELECTION OF THE SERVCES, PROVIDED TO INDIVIDUALS, EASIER.