• Credit line with reducible limit with deposit pledge is provided;
  • for any purpose,
  • to non-resident natural persons,
  • without the approval of the credit committee, if the pledger and the borrower are the same entity,
• Can be quickly formulated via ACBA OnLine system and Mobile Banking service
• In case of repayment of the used credit line, the credit line amount is restored at the amount overpaid.

• The interest rate on the credit line is calculated on the used credit line.
• Repayments frequency - from 1^st to 20^th of each month, anticipating repayment of the amount estimated on the deduction of the interest and credit line for the used credit line at the end of each month. The credit line is restored at the amount exceeding the monthly repayments. In case the balance of the unused credit line at the end of the previous month is sufficient for deducting, only interest accrued for the used credit line estimated on the last day of the previous month is paid.

A depositor can get Visa Classic/MasterCard Standard card free of charge if the amount currently deposited in the deposit account is equal to or not exceeding AMD 7,5 million (equivalent foreign currency) or Visa Gold/MasterCard Gold card, if the current amount on the deposit account exceeds AMD 7.5 million (equivalent foreign currency).

In case of payment transactions made through the credit line attached to VISA Classic/MasterCard Standard, VISA Gold/MasterCard Gold payment cards and repaid on the 7th and 14th days of the following month, the interest rate is not calculated.

You can apply for 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

• Identification document
• The copy of public servant’s identification number or the original reference on not possessing a public servant’s identification number given by the State Registry operating body

• The credit line amount is provided non-cash, on a payment card,
• The credit line is provided or rejected, considering the amount of funds available for the pledge on customer's accounts,
• The decision on providing and processing the credit line are done within the same banking day,
• No nominal interest rate change is anticipated by the Bank during the validity period of the contract for the provision of up to AMD 10,000,000 or equivalent foreign currency credit line,
• The credit line is formulated in the Bank’s branches.
• In case of the early repayment of the credit line, no fines will be collected.

Credit line calculation example

• Credit line amount - 700,000 AMD,
• Credit line interest rate - 18%,
• Duration - 36 months,
• MasterCard Standard card annual service fee - free of charge, as it was provided on a deposit
• Cash withdrawal – 1%,
• In this example, monthly loan repayment amount will be 25,307 AMD
• The actual annual interest rate will be 20,41%
• Daily interest amount will comprise Loan amount(balance) × Loan interest rate ÷ 365 = (700,000×18%÷365) = 345.2 AMD

• The credit line interest amount is calculated on the basis of nominal interest rate. The credit line annual actual interest rate shows the cost of the credit line for you in case of repayment of the interest amounts and other fees in due terms and size.
• In case of fluctuations of the interest rates of the funds, attracted and placed by the Bank in the financial market, and/or in case of the change of the financing interest rates, and/or in case of the availability of such preconditions, and/or in case of non-target use of the credit line by the Borrower, for the credit line, exceeding 10,000,000 AMD or equal amount in foreign currency, the Bank may unilaterally change the interest rate and commission fees, specified by the agreement, by notifying the Borrower at least 30 calendar days in advance.

Confiscation of collateral

THE PLEDGED PROPERTY MAY BE CONFISCATED, IF THE BORROWER DOES NOT MAKE DUE REPAYMENTS OF THE INTEREST AMOUNTS AND LOAN PRINCIPAL. IF THE COLLATERAL VALUE IS NOT SUFFICIENT, THE BORROWER’S LIABILITIES SHALL BE REPAID AT THE EXPENSE OF OTHER PROPERTY OF THE BORROWER.

Information to be submitted to the Credit Registry

IN CASE OF FAILURE BY THE BORROWER TO PAY INTEREST ON THE LOAN AND PRINCIPAL THEREOF IN ACCORDANCE WITH THE REPAYMENT SCHEDULE, INFORMATION ABOUT THE BORROWER WILL BE SUBMITTED TO THE CREDIT REGISTRY.

“BAD” CREDIT HISTORY MAY IMPAIR YOUR ABILITY TO OBTAIN LOANS / CREDITS IN THE FUTURE.