Terms
tariffs
Consumer
AMD
Armenian dram, US dollar, Euro, Russian ruble
Minimum: 10 days
Maximum: Deposit term
AMD 100.000
Not defined
Only AMD
or AMD and USD, EUR, RUB
Only USD, EUR, RUB
Annual interest rate on a term deposit in AMD pledged +3%2
Maximum annual interest rate on a term deposit in AMD offered by the bank +3%
10.8%-14․3%
1) For term deposits invested in Armenian drams:
• up to 95% in case of loans with annuity and flexible repayment schedule,
• up to 85% in case of loans with a one-time repayment.
2) Up to 80% of term deposits invested in other currencies:
• up to 95% in case of loans with annuity and flexible repayment schedule,
• up to 85% in case of loans with a one-time repayment.
None
None
Annuity
(equal monthly payment of principal and interest)
Lump sum
(payment of principal and interest at the end of the term)
With a free repayment schedule
(equal monthly payment of interest, payment at the end of the term of the principal)
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 over 18 years of age - depositor
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.
Monthly and at the end of the term
Loan processing location:
at all branches of the Bank
ATTENTION: THE LOAN INTEREST IS CALCULATED BASED ON THE NOMINAL INTEREST RATE, WHILE THE ANNUAL PERCENTAGE RATE (APR) SHOWS HOW MUCH THE LOAN WILL COST IF THE INTEREST AND OTHER PAYMENTS ARE MADE WITHIN THE ESTABLISHED TERMS AND AMOUNTS. THE PROCEDURE FOR CALCULATING THE APR IS AVAILABLE ON THE BANK’S OFFICIAL WEBSITE.
ATTENTION: IF YOU FAIL TO FULFILL YOUR OBLIGATIONS OR FULFILL THEM IMPROPERLY, THE BANK SHALL, WITHIN 3 BUSINESS DAYS, SUBMIT SUCH INFORMATION TO THE ACRA CREDIT BUREAU AND THE CBA CREDIT REGISTER, 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 NEGATIVE CREDIT HISTORY MAY HINDER YOUR ABILITY TO OBTAIN A LOAN IN THE FUTURE.
In case of early repayment of the loan by the customer, the loan interest is reduced proportionally, as well as service fees, if any, if the latter is accrued on a daily basis, and payments made to third parties are not subject to reduction.
The terms, terms and tariffs for providing statements, their copies, references and other information are published on the Bank's Other Services Tariffs page: https://fastbank.am/hy/more/other.
Adjustable fixed interest rate calculation methodology here.