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0% interest rate loans will be provided to the following beneficiaries:
For individuals:
1 It is necessary to make the note “Authentic with the original”, sign and mention the date. If the customer is a legal entity, the mentioned reports should be signed by the director of the legal entity or a competent person, as well as sealed with a round seal.
2 The documents are required if the information or documents in RA MJ state registry database are missing or are incorrect.
3The reference can be obtained from, the Bank or RA MJ state registry agency, moreover, it is mandatory for the legal entities to present the reference, and for private entrepreneur customers it is mandatory in case of not presenting the legal entity’s state registry certificate with its inserts.
4 Can be presented after the positive decision of the Bank on loan disbursement.
In case of not having an account at the Bank it is necessary to also present documents (original copies) necessary to open an account at ACBA BANK.
An example of loan interest calculation:
The loan subsidized and non-subsidized interest rates are calculated based on the loan balance. The non-subsidized interest rate is subject to payment by the customer.
“ATTENTION: LOAN INTEREST RATES ARE CALCULATED ON THE BASIS OF NOMINAL INTEREST RATE. THE ACTUAL ANNUAL INTEREST RATE SHOWS HOW MUCH THE LOAN WILL COST YOU IN CASE OF DULY REPAYMENT OF INTEREST AMOUNTS AND ALL MANDATORY FEES FOR THE PROVISION AND SERVICE OF THE LOAN BY YOU. YOU CAN FIND THE ANNUAL ACTUAL RATE CALCULATION PROCEDURE HERE ."
In case of non-fulfillment of obligations by the borrower on time, a penalty of 0.13% is calculated for each overdue day.
In case of foreign currency loans, the basis for calculating the annual actual interest rate is the exchange rate published on the official website of the Central Bank of Armenia as of the loan disbursement date, and the annual actual interest rate may change depending on the change in the exchange rate published on the official website of the Central Bank.
In case of loans up to AMD 5 million or equivalent in foreign currency, the Borrower has the right to unilaterally terminate the loan agreement within 7 working days after its conclusion. In this case, the borrower is required to pay interest to the creditor in order to use the loan amount, which is calculated in accordance with the actual annual interest rate stipulated in the loan agreement. No other compensation may be claimed from the borrower in connection with the termination of the loan agreement.
In case of loans up to 5 million AMD or equivalent in foreign currency, the borrower has the right to fulfill (repay) the obligations under the loan agreement ahead of time, regardless of whether such a right is envisaged by the loan agreement or not.
ATTENTION: APPLYING FOR A LOAN, THE CREDITOR WILL PROVIDE YOU WITH AN INDIVIDUAL SHEET ON SIGNIFICANT TERMS OF CONSUMER LOANS, WHICH WILL INCLUDE THE SPECIFIC CONDITIONS OF THE LOAN, PROVIDED TO YOU.
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 NON-FULFILLMENT OR IMPROPER FULFILLMENT OF YOUR LIABILITIES, THE CREDITOR WILL SEND YOUR DATA TO THE CREDIT BUREAU AFTER 3 WORKING DAYS, WHERE YOUR CREDIT HISTORY IS FORMED.
HAVING A BAD CREDIT HISTORY CAN BE AN OBSTACLE FOR YOU TO RECEIVE OTHER LOANS IN THE FUTURE.
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: YOUR FINANCIAL INFORMATION "IS THE CHOICE OF THE MOST EFFECTIVE CHOICE FOR YOU TO SEARCH, COMPARE AND SERVICES OF THE INDIVIDUALS."
Get acquainted below:
List of border communities, receiving social support
Pledge confiscation
THE PLEDGED PROPERTY CAN BE CONFISCATED IF THE BORROWER DOESN’T MAKE THE LOAN AMOUNT AND INTEREST REPAYMENTS ON TIME. IN CASE THE VALUE OF THE SUBJECT OF PLEDGE IS NOT ENOUGH THE BORROWER’S OBLIGATIONS WILL BE REPAID ON ACCOUNT OF HIS/HER OTHER PROPERTIES.
Information provided to the credit registry
IF THE LOAN AMOUNT AND INTEREST REPAYMENTS AREN’T DONE ON TIME, INFORMATION ABOUT THE BORROWER WILL BE RECORDED IN THE CREDIT REGISTRY. HAVING A BAD CREDIT HISTORY CAN BECOME AN OBSTACLE FOR YOU WHEN OBTAINING OTHER LOANS.
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. 01.12.2023 15:15 
Bank takes no responsibility for preciseness and genuineness of the contents, advertisements and possible consequences arising from use of information placed in the referenced websites.
