Card credit lines

ACBA Digital

CONTACTS

Online Applications

ACBA Digital

CONTACTS

ACBA Digital

CONTACTS

Individuals

Business

Farmers

Individuals

Business

Farmers

Main

Individuals

Get a loan

Credit lines

Card credit lines

During the credit line validity period while making the used amount repayments the credit line is restored in the repaid amount.

Fill in the form

Do you have questions ?

Advantages

Provision terms

Required documents

Electronic signing of contracts

Useful information

Important to know

Interest-free period for non-cash transactions,
Paying off the card credit line at the end of the term,
The possibility of extending the term of the credit line without terminating the credit line, if the specified conditions are met,
In case of repayment of the used amount of the credit line, recovery of the amount of the credit line,
Provision of a line of credit without proof of income if you have a stable income

Card credit lines are provided to citizens, who have documented fixed income.

Currency: AMD, USD, EUR,
Maturity: same as card validity period,
Minimum amount: – not specified, with the exception of credit lines with
American Express Blue cards -180,000 AMD or equal amount in foreign currency
Visa Signature - 500,000 AMD or equal amount in foreign currency
American Express Gold cards- 1,000,000 AMD or equal amount in foreign currency
Annual interest rate:
Not secured with pledge - based on financial flaw and guarantee 18% in case of American Express Gold, American Express Blue cards, 20% in case of American Express Cashback cards, 19.5-21% in case of other AMD cards, 17-20% in case of USD cards, 16-19% in case of EUR cards
Secured with pledge - 18-21% in case of all the AMD cards, 16% in case of American Express Gold, American Express Blue and American Express Cashback cards, 15-18% in case of USD cards, 14-17% in case of EUR cards
Repayment frequency: – within 50 calendar days upon the end of each month in the size of 10% of the credit line, used as of the end of the previous month, with the exception of the credit lines with American Express Gold cards, in which case the repayment frequency is specified to be within 50 calendar days upon the end of each month in the size of 5% of the used credit line as of the end of the previous month. The repayment of the principal of the credit line is performed at the end of the card validity,
In case of repayment of the used amount of the credit line, the credit line is recovered in the size of the repayment,
Interest amount calculation – daily towards the used credit line
Collateral (in case of credit loans secured with a collateral): – real estate, vehicle, equipment, funds, other collaterals, if required also guarantees,
Sum of the credit line main amount and interest of 12 months shouldn’t exceed 83.33% of the estimated pledge value, if applicable.
Maximum amount by card type:

Card type	Without security	With security
ArCa	600,000 AMD	600,000 AMD
ArCa Credit	5,000,0000 AMD or equal amount in foreign currency	30,000,000 AMD or equal amount in foreign currency
ArCA Transfer Maestro Transfer	300,000 AMD or the equivalent in foreign currency	Not provided
Visa Electron Maestro	600,000 AMD or the equivalent in foreign currency	600,000 AMD or the equivalent in foreign currency
Visa Classic, Visa Charity, MasterCard Standard, MasterCard UEFA CHAMPIONS LEAGUE	3,000,000 AMD or the equivalent in foreign currency	6,000,000 AMD or the equivalent in foreign currency
Visa Gold MasterCard Gold	9,000,000 AMD or the equivalent in foreign currency	18,000,000 AMD or the equivalent in foreign currency
Visa Business	9,000,000 AMD or the equivalent in foreign currency	18,000,000 AMD or the equivalent in foreign currency
American Express Blue	2,500,000 AMD or the equivalent in foreign currency	6,000,000 AMD or the equivalent in foreign currency
American Express Gold	18,000,000 AMD or the equivalent in foreign currency	18,000,000 AMD or the equivalent in foreign currency
American Express Cashback	1,000,000 AMD or the equivalent in foreign currency	6,000,000 AMD or the equivalent in foreign currency

Personal identification document,
A copy of the document containing the social services number, or an official statement (in original) from the relevant authorities about the receipt (or non-receipt) of a social services number,

Statement from the applicant’s place of employment or other documents specifying the applicant’s monthly salary (income) and containing at least the name and taxpayer identification number (if available) of the employer*,

Certificates of ownership of property pledged as collateral (security),
Copies of passports of guarantors and providers of collateral^**

* is not required if the credit line does not exceed 1,000,000 AMD

** provided upon request

Receive a loan without visiting the Bank by signing the loan package electronically

To sign contracts electronically

Step 1	An offer to sign the documents is sent to the customer’s email address. The offer is active for 10 working days.
Step 2	After getting acquainted with the documents, the customer clicks on the "Continue to signature" and enters the one-time password sent to their phone number.
Step 3	After entering the password correctly, the customer clicks the "Sign Documents"
Step 4	The documents approved by the bank are sent by email to the customer's email and the credit line is activated.

Important:

The customer must be properly identified by the Bank
Have a registered mobile number and an email, verified by the Bank

The decision on the credit line application is made and the customer is informed within one banking day after submitting the necessary documents in case of unsecured credit lines and within 10 banking days in case of credit lines, secured with a collateral.
In case of a positive decision on the provision of a credit line, the availability of a card, and in case of credit lines, secured with a collateral, the credit line is completed within a maximum of 1 banking day.
In case of a positive decision to provide a credit line up to 5 million AMD (equivalent foreign currency), the signing of the loan package and the registration of the credit line can be completed without visiting the Bank by signing the loan package electronically.
NO FINES ARE COLLECTED IN CASE OF EARLY REPAYMENT OF THE CREDIT LINE.

Example of calculation of a credit line:

In case of a credit line with VISA Classic card for 36 months with the annual interest rate of 19.5% in the amount of 700,000 AMD, the annual actual interest rate will be 16.59%. The daily interest amount will be Used credit line × Interest rate ÷ 365 = (700,000×19.5%÷365) = 373.97 AMD.
In case of credit lines in foreign currency, the basis for the calculation of the annual actual interest rate is the exchange rate published on the official website of the CBA on the day of provision of the loan; the actual annual interest rate may change depending on the change in the official exchange rate of the Central Bank of Armenia.

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:

Terms of provision and service of cards by card types: Card Tariffs

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 credit line repayment is performed in the following sequence (in case of repaying overdue liabilities):
- Fine/penalty
- Interest amount
- Principal amount
Qualified independent appraisal companies cooperating with the bank

The decision on the credit line application is made and the customer is informed within one banking day after submitting the necessary documents in case of unsecured credit lines and within 10 banking days in case of credit lines, secured with a collateral.
In case of a positive decision on the provision of a credit line, the availability of a card, and in case of credit lines, secured with a collateral, the credit line is completed within a maximum of 1 banking day.
In case of a positive decision to provide a credit line up to 5 million AMD (equivalent foreign currency), the signing of the loan package and the registration of the credit line can be completed without visiting the Bank by signing the loan package electronically.
NO FINES ARE COLLECTED IN CASE OF EARLY REPAYMENT OF THE CREDIT LINE.

Example of calculation of a credit line:

In case of a credit line with VISA Classic card for 36 months with the annual interest rate of 19.5% in the amount of 700,000 AMD, the annual actual interest rate will be 16.59%. The daily interest amount will be Used credit line × Interest rate ÷ 365 = (700,000×19.5%÷365) = 373.97 AMD.

In case of credit lines in foreign currency, the basis for the calculation of the annual actual interest rate is the exchange rate published on the official website of the CBA on the day of provision of the loan; the actual annual interest rate may change depending on the change in the official exchange rate of the Central Bank of Armenia.

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:

Terms of provision and service of cards by card types: Card Tariffs

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 credit line repayment is performed in the following sequence (in case of repaying overdue liabilities):

Fine/penalty
Interest amount
Principal amount

Qualified independent appraisal companies cooperating with the bank

Financial Assistant

www.fininfo.am:

ATTENTION: "YOUR FINANCIAL INFORMATION" CHOOSE THE MOST EFFECTIVE CHOICE FOR SEARCHING, COMPARING THE SERVICES OF THE INDIVIDUALS.

In case of any discrepancies in the information contained in the Site, as well as inaccurate texts in a foreign language, please be guided by the Armenian version. 21.03.2023 12:12

Acba bank is supervised by the CBA.

82-84 Aram Street, Yerevan, Armenia

+37410318888

E-mail: acba@acba.am

Financial system mediator