• Card type - ArCa Classic, Arca Credit, Maestro, Visa Classic, Visa Barerar, MasterCard Standard, MasterCard UEFA Champions League, Visa Gold, MasterCard Gold, American Express Cashback, American Express Blue
• Annual nominal interest rate – AMD - 14%, USD - 12%, Euro - 10%
• Annual actual interest rate – AMD - 14.93%-15.74%, USD - 12.6813.46%, Euro - 10.47-11.23%
• Repayment frequency - in the period from 1 to 20 of each month, providing for the repayment of interest accrued against the credit line used by the end of each month and the amount subject to credit line deduction. The credit line is recovered at the amount, exceeding the monthly repayments.. In case when the balance of the unused credit line as of the last day of the previous month is sufficient to make a deduction, only the interest accrued on the credit line used as of the last day of the previous month shall be paid.
• Interest calculation - daily on used credit line
• Collateral - cash
• Credit line interest amount - calculated on the used credit line
• Minimum amount - not specified, except for credit lines with American Express Blue cards, where the minimum amount is 180,000 AMD or an equivalent currency
• Maximum amount
• 70% of the pledged amount, if the currencies of the pledged cash and credit line are the same;
• 50% of the pledged amount if the currencies of the pledged cash and credit line are different;
• 70% of the pledged amount if the pledged assets are in foreign currency and the credit line in AMD.

You can order the cards online here.

You can learn about the card issuance and service tariffs as well as the non-interest payment period for using credit lines via the following link: Card Tariffs

The credit lines with reducible limit, secured with funds, are provided to individuals for consumption purposes.

• Credit line is provided in a non-cash form;
• Factors for a positive credit line decision are customer credit rating;
• Factors for rejection of the credit line: insufficient financial performance as a result of the analysis, bad credit history of the customer, insufficiency/lack of required collateral, professional opinion of the Business Advisor, professional opinion of the Credit Committee;
• The credit line is registered in the Bank's branches;
• In case of credit lines, provided in foreign currency, the changes in foreign exchange rates may impact loan repayments;
• During the agreement validity, the statements are provided via email every 30 days, if the customer does not select another option.

YOU HAVE THE RIGHT TO COMMUNICATE WITH YOUR FINANCIAL ORGANIZATION IN YOUR PREFERRED METHOD - BY MAIL OR EMAIL. RECEIPT OF INFORMATION ELECTRONICALY IS THE MOST CONVENIENT. IT IS AVAILABLE 24/7, FREE OF THE RISK OF LOSS OF PAPER INFORMATION AND PROVIDES CONFIDENTIALITY.

The Bank may unilaterally change the contractual interest rate by notifying the Borrower at least 7 calendar days in advance, in case of non-purposeful use of the loan, as well as failure to fulfill the obligations stipulated by the loan agreement.

ATTENTION: APPLYING FOR A LOAN, THE BANK WILL PROVIDE YOU, YOUR GUARANTORS (IF AVAILABLE) WITH AN INDIVIDUAL SHEET OF SIGNIFICANT TERMS OF CREDIT LINE, WHERE THE INDIVIDUAL TERMS OF LOAN, PROVIDED TO YOU, WILL BE PRESENTED.

Confiscation of collateral

THE PLEDGED PROPERTY CAN BE CONFISCATED, IF THE BORROWER DOES NOT DULY REPAY THE INTEREST AMOUNTS AND LOAN AMOUNT. IF THE COLLATERAL VALUE IS INSUFFICIENT, THE BORROWER’S LIABILITIES WILL BE REPAID AT THE EXPENSE OF OTHER PROPERTY OF THE BORROWER.

Information, provided to the Credit Registry

ATTENTION: IN CASE OF FAILURE TO FULFIL THE LIABILITIES OR IMPROPER PERFORMANCE OF LIABILITIES, THE CREDITOR SHALL SEND THESE DATA TO THE CREDIT BUREAU UPON 3 WORKING DAYS, WHERE YOUR CREDIT HISTORY IS REGISTERED. YOU HAVE THE RIGHT TO RECEIVE YOUR CREDIT HISTORY FROM THE CREDIT BUREAU FREE OF CHARGE ONCE IN A YEAR.

ATTENTION: BAD CREDIT HISTORY CAN BE AN OBSTACLE FOR YOU TO RECEIVE A LOAN IN THE FUTURE.

FOR GUARANTORS

Please be informed that:

• If the borrower fails to perform their liabilities, you will pay for it instead, your credit history will be impaired, and your property will be confiscated.
• You will be provided with the copies of the loan agreement, guarantee agreement and repayment schedule.
• The communication will be performed in the way, preferred by you.
• You will be notified 7 days in advance of a change in the terms of the contract.
• A reminder of the current liability will be sent to you 1 day in advance.
• In case of delay of loan repayment, you will be notified at the latest one day later.

THE GUARANTOR HAS THE RIGHT TO:

• Request from the creditor the information on the loan balance at any time.
• Receive the money, paid by you for the loan, from the borrower, as well as other losses incurred by you instead of the borrower.

Financial assistant

www.fininfo.am

ATTENTION: "YOUR FINANCIAL DIRECTORY" IS THE ELECTRONIC SYSTEM FOR SEARCH, COMPARISON OF SERVICES, OFFERED TO INDIVIDUALS, AND MAKING THE SELECTION OF THE MOST EFFICIENT OPTIONS FOR YOU EASIER.