In case of applying for Fast overdraft you will receive several advantages:

• 24/7 within minutes via acba digital,
• Interest-free lending (distribution commission only available),
• No change of nominal interest rate is foreseen during the overdraft validity period,
• No collateral required,
• No penalties charged in case of early repayments,
• A possibility to activate the overdraft without visiting the Bank,
• no documentation is required.

Fast overdraft is provided to individuals who are at least 25 years old and who have debit cards and a credit history in the ACRA Credit Bureau.

• Currency – AMD
• Duration – 4 month
• Amount – 50 000 AMD or 100 000 AMD
• Annual nominal interest rate – 0%
• Annual actual interest rate – 19.57-23.89%
• Commission fee – 2900 AMD in case of an overdraft in the amount of 50,000 AMD; 5800 AMD - 100,000 AMD.
• Collateral - not applicable
• Repayments – one-time repayment on the due date, set by the overdraft agreement
• Decision-making – at the time of submitting the application through the acba digital
• In case of repayment during the overdraft validity period, overdraft is restored in the repayment size
  
  

After activating the overdraft, an SMS message will be sent to your mobile number registered in the Bank.

Learn more about possible additional payments here: Loan Tariffs.

Previous terms of loan tariffs

You may apply for an overdraft, if the following requirements are met:

• You have a payment card with the Bank (except for ArCa Pension, ArCa Credit, ARCA FARMER, VISA Gift, Visa Student, Visa Signature American Express Blue and American Express Gold), and a credit line is not attached to it at the moment of applying for the overdraft and the payment card does not have a negative balance
• You are already 25 years old
• You have no overdue liabilities at the moment of applying
• You have a positive credit history

• Overdraft is provided to individuals for consumption purposes;
• Overdraft amount is provided non-cash;
• The customer's credit history is a factor for a positive decision or refusal to provide an overdraft;
• Credit line is registered in the Bank branches;
• If you use the overdraft on the last day of the contract, the amount you used will be received by the Bank on the following business day and will be processed as a negative balance. In this case, interest will be accrued on the negative balance, according to the terms of service of your card;
• 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.

ATTENTION: APPLYING FOR A CREDIT LINE, THE CREDITOR WILL PROVIDE YOU WITH AN INDIVIDUAL BULLETIN ON SIGNIFICANT TERMS OF OVERDRAFT, WHERE THE INDIVIDUAL TERMS OF THE LOAN, TO BE PROVIDED TO YOU, WILL BE PRESENTED.

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.

Financial assistant

www.fininfo.am