Terms
tariffs
Consumer
AMD
AMD, USD, EUR
For the term of the deposit
AMD 100.000
Not defined
Interest rate for the pledged term deposit +3%
In case of a foreign currency pledge: Maximum annual interest rate on term deposit in AMD offered by the Bank +3%
13-15%
Term deposit in the Bank
AMD
Term deposit in the Bank
USD, EUR
Up to the 80% of the amount of pledged deposit(s)
Currency Loan term
Pledge Up to 180 days 181-365 days 366-730 days
LTV
USD 75% 70% 70%
EURO 70% 65% 60%
None
None
Principal amount and interest at the end of the term
Lump sum, non-cash, to the current bank account opened for the client with the Bank
According to the Terms and Tariffs for Opening and Servicing Current Bank Accounts as applicable in the Bank
According to the Terms and Tariffs for Opening and Servicing Current Bank Accounts as applicable in the Bank
0.1% daily
0.13% daily
The borrower has the right to repay the loan in full or in part before the due date.
No penalty on early repayment applies.
Not required
Individual depositor having attained the age of 18
At the time of loan issuance, existing credit obligations and guarantees provided against the obligations of other persons must not be overdue or classified under risk categories as controlled, substandard, suspicious or bad.
! Before signing the agreement, the Bank will submit to you an Individual Consumer Loan Key Fact Statement that summarizes essential terms of the loan to be extended to you. 1 Where more than one loan is secured by the same collateral, the loan-to-value ratio cannot exceed the relevant limit (in accordance with point 9). 2 In case of collateral in foreign currency, the available loan amount is calculated based on the exchange rate set by the Central Bank of the Republic of Armenia at the time of granting the loan. 3 1) The deposit placed in the Bank under the Deposit Agreement and the right to claim it may be deemed as collateral if the funds specified: • Are not under lien • Are not deemed as collateral serving as a means of securing another loan (including those provided to third parties), except for cases when the maximum loan-to-value ratio specified by the loan type is maintained for the total amount of all loans secured by them, including newly provided loans. 2) One loan may be secured by several deposits of the same currency placed in the Bank. In this case: • If the annual nominal (simple) interest rate of deposits vary, the maximum annual nominal interest rate of the deposit is taken as the basis for calculating the loan interest rate as added to the deposit interest rate. • If the terms of the deposits vary, the maximum loan term is determined based on the minimum term of the deposit.