Individual loans provided to individuals by products / Terms and Tariffs /
- Housing mortgage loans
- Housing mortgages with floating interest rate
- Commercial mortgage loans
- Mortgage loans within the framework of the program on National Mortgage Company
- Mortgage loan (within the framework of the program of National Mortgage Company RCO CJSC Housing Mortgage Financing, 4th Phase)
- Renovation loans / within the framework of the programs of the National Mortgage Company, Jerm Ojakh (“Warm House”)
- Mortgage loans, Affordable Housing for Young Families
- Car purchase loan
- Property secured personal installment loan (with creditworthiness assessment)
- Property secured personal installment loan (without income)
- Personal loan with guarantee
- Student consumer loans (program)
- Loans with gold pledge (Lombard loan)
- Gold mortgage (pawnshop) loans with credit rating
- Overdrafts with payment cards (credit cards)
- Overdrafts with payment cards (credit cards) for Bank’s customers
- Credit limit provided by Visa Infinite payment cards
- Combined credit line terms in the framework of payroll projects
- Loans in the framework of Renewable Energy and Energy Saving programs
- Housing mortgages for non-resident individuals
- Credit limit provided by Visa Vision payment cards
- Loans for the purchase of a car within the framework of cooperation agreements
- National Mortgage Company Energy Efficiency Improvement Repair Loans "My Roof"
- Evolution
- Action
- Residential Energy Efficient Loans under National Mortgage Company Program
- Credit limit secured by funds
Car purchase loan
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Loan purpose |
The loan is granted for purchasing vehicle from primary or secondary market intended for personal use/car. In case if car is purchased from the secondary market the loan can be granted: · For purchasing up to 3 old Russian made car |
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Who can apply |
Individual residents of RA between the age of 18-63, whose age will not exceed 63 years throughout the loan service period or have a co-borrower meeting the above criteria throughout the loan service period. |
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Loan currency |
AMD |
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Loan amount |
5,000,000 - 50,000,000 |
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Loan repayment period |
60 months |
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Annual nominal interest rate |
Purchasing from primary market |
13.7-16.5% |
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Purchasing from secondary market |
17-18% |
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Validity of the cars purchased from the secondary market |
Russian-made |
Up to 3 |
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Non-Russian made |
Up to 7 |
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Early loan repayment penalty |
In case of loans regulated by RA law “On consumer lending” |
No early loan repayment fee is applicable |
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In case of loans not regulated by RA law “On consumer lending” |
For the first half of the loan term, penalty is applied in case of early principal payment: 1% of the amount exceeding the monthly loan amount as specified in the schedule |
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Penalty for loan principal and/or interest overdue |
For overdue principal - 0,015 % daily, |
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Loan repayment security measure |
The car that is being purchased |
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Loan to value ratio |
Primary market |
Up to 80% of the car price in the showroom |
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Secondary market |
Up to 60% of the car market value |
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Insurance |
Car insurance – mandatory to do each year on loan’s outstanding amount |
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Deadlines for approving or rejecting loan provision |
· The decision to approve or reject the loan is made within 10 (ten) working days maximum, after fully providing all the initial documents requested by the Bank. |
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