Terms
tariffs
Consumer loan
Individuals aged 18-63*, who are registered in the Republic of Armenia
Documented income
AMD
100,000-20,000,000 AMD
1-60 months
13% - 21,0%
13,81% - 23,1%
≤ 60%
Annuity
(equal monthly payment of principal and interest)
Non-cash
None
None
None
0,1% daily
0,13 % daily
Individuals who are owners or co-owners of real estate or are registered employees
At the time of loan issuance, existing loans and guarantees provided against the obligations of other persons must not be overdue or classified as controlled or under stricter categories. Days past due (repaid and existing) for all loans during the last 12 months must not exceed 30 calendar days, and in the case of refinancing, 15 calendar days.
At the time of loan issuance, existing loans and guarantees provided against the obligations of other persons must not be overdue or classified as controlled or under stricter categories.
3-6 months
The basis is the net salary amount provided by Nork (3) Information and Analytical Center, and where the salary is not registered with Nork Information and Analytical Center, the basis is a 6-month bank statement, contract or tax reports.
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.