Terms
Tariffs
Guarant currency
AMD, US dollar, EURO
Guaranty fee*
1. By pledging funds:
Up to 90 days – 0.3% **
91–180 days – 0.6% **
81–365 days – 1% **
366 days and over – 1% per year **
*In the case of pledging funds, a business site visit is not performed and a simplified financial analysis is performed
2. By pledging other funds:
Up to 180 days – 1.5%**
181–365 days – 2%**
366 days and more– 2% per year**
**Payments can be one-time or periodic: monthly, quarterly, semi-annually or annually. In case of periodic payment, the commission fee is calculated as follows: the calculated commission fee is divided by the number of repayments specified in the contract
Security instrument/Pledged object
Monetary funds
Real estate
Car
Account movement
Guarantee***
*** In the case of guarantees in foreign currency up to 10,000,000 AMD or equivalent, guarantees of at least 2 individuals (aged 18-65) or legal entities.
The total number of days of overdue liabilities of each guarantor during the last year shall not exceed 30 days.
At least one of the guarantors shall be a real estate owner or have a registered salary.
Guarantee amount/collateral value ratio
According to Appendix 1
Real estate and/or vehicle****,
Other collateral may be provided by the Credit Committee
**** A vehicle the production year of which at the time of pledge shall not be older than:
for Russian-made cars - 5 years,
for foreign-made cars from other countries - 10 years.
Guaranty period
Up to 36 months
Change in the guaranty terms
25,000 AMD
In case of extension of the term or increase in the amount, an additional disbursement commission calculated for the extended period/amount will be charged.
Guaranty termination at the Customer Request
25,000 AMD
Payment on demand
0․15%, minimum 50,000 AMD
Confirmation of guarantee by a third party bank
On demand
ATTENTION: IN THE EVENT OF NON-PERFORMANCE OR INCOMPLETE PERFORMANCE OF YOUR OBLIGATIONS, THE LENDER SHALL, AFTER 3 WORKING DAYS, SUBMIT SUCH DATA TO THE ACRA CREDIT BUREAU AND THE CENTRAL BANK (CB) CREDIT REGISTRY, WHERE YOUR CREDIT HISTORY IS FORMED.
YOU HAVE THE RIGHT TO OBTAIN YOUR CREDIT HISTORY FROM THE CREDIT BUREAU FREE OF CHARGE ONCE A YEAR.
ATTENTION: A POOR CREDIT HISTORY MAY HINDER YOU FROM OBTAINING LOANS IN THE FUTURE.
ATTENTION: LOAN INTEREST IS CALCULATED ON THE BASIS OF THE NOMINAL INTEREST RATE, WHILE THE ANNUAL ACTUAL INTEREST RATE SHOWS HOW MUCH THE LOAN WILL COST IF THE INTEREST AND OTHER PAYMENTS ARE MADE WITHIN THE SPECIFIED PERIOD AND AMOUNTS. THE PROCEDURE FOR CALCULATING THE ANNUAL ACTUAL INTEREST RATE IS POSTED ON THE BANK'S OFFICIAL WEBSITE
You can find detailed information about credit history and credit score here
You can find other loan-related terms and conditions at the following link.