AKN INSTANT LOANS

! 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.

Note

! BEFORE SIGNING THE AGREEMENT, THE BANK WILL PROVIDE YOU WITH A SEPARATE SHEET OF THE ESSENTIAL TERMS OF THE CONSUMER CREDIT, WHICH PRESENTS THE ESSENTIAL TERMS OF THE CREDIT TO BE PROVIDED TO YOU.

1.    The interest on the loan is calculated on the loan balance, based on the calculation of 365/366 days in a year.

2.    The loan is provided in a non-cash manner, by transferring it to the account provided by the client.

3.    The loan is provided at the Bank's "Head Office" and in all branches, except for the "Tigran Mets" branch.

4.    The factors for making a positive decision to provide a loan are:

The borrower's positive credit history, income and compliance with the criteria set by the Bank's scoring system,

5.    The factors for loan rejection are:

Negative credit history, insufficient income, insufficient score, etc.

6.    Decision on the loan application and loan disbursement within 15 minutes.

7.    Any amount deposited for the purpose of loan repayment is, as a rule, directed by the Organization to repay the amounts payable by the Client to the Organization under the Loan Agreement at the time of deposit, including penalties, service fees, interest, and the Loan amount. The Organization has the right to establish a different order of amounts payable in the agreement concluded with the Client.

8.    In the event of early repayment of the loan by the Client, the loan interest amounts are reduced proportionally, as well as service fees, if any, if the latter are accrued on a daily basis, and payments made to third parties are not subject to reduction.

9.    The tariffs for non-financial services, including the terms of providing statements, copies of contracts and other information, are published on the official website of the Organization: www.fastbank.am, as well as posted at the Organization's locations.

10.    ATTENTION: IN THE EVENT OF YOUR FAILURE TO PERFORM OR IMPROPER PERFORMANCE OF THE OBLIGATION, THE ORGANIZATION SENDS THESE DATA TO THE CREDIT BUREAU WITHIN 3 WORKING DAYS, 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 BAD CREDIT HISTORY MAY PREVENT YOU FROM OBTAINING A LOAN IN THE FUTURE.

11.     ATTENTION: LOAN INTEREST RATES ARE 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 SPECIFIC PERIOD AND IN THE AMOUNTS. THE ANNUAL ACTIVE INTEREST RATE CALCULATION PROCEDURE IS POSTED ON THE OFFICIAL WEBSITE OF THE ORGANIZATION

12.    ATTENTION: THE BANK WILL PROVIDE YOU WITH THE INFORMATION ACCESSIBLE BY LAW BY ELECTRONIC MAIL, IF YOU HAVE NOT CHOSEN ANOTHER METHOD FOR COMMUNICATION WITH THE BANK. YOU HAVE THE RIGHT TO COMMUNICATE WITH THE BANK BY YOUR PREFERRED METHOD: BY POSTAL COMMUNICATION OR BY ELECTRONIC  MECHANISM. RECEIVING INFORMATION ELECTRONICALLY IS THE MOST CONVENIENT. IT IS AVAILABLE 24/7, FREE FROM THE RISK OF LOSS OF PAPER INFORMATION, AND ENSURES CONFIDENTIALITY.

13.    ATTENTION: YOUR “FINANCIAL DIRECTORY” IS AN ELECTRONIC SYSTEM THAT MAKES IT EASY TO SEARCH FOR SERVICES OFFERED TO INDIVIDUALS, COMPARE THEM, AND CHOOSE THE MOST EFFECTIVE OPTION FOR YOU.

ATTENTION: THE BANK IS SUPERVISED BY THE CENTRAL BANK OF THE RA.

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.