Individual loans provided to individuals by products / Terms and Tariffs /
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- Property secured personal installment loan (with creditworthiness assessment)
- 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
- Credit limit provided by Visa Vision payment cards
- Evolution
- Credit limit secured by funds
- Loans in the framework of Renewable Energy and Energy Saving programs
- Action
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- Housing mortgage loans
- Mortgage loans, Affordable Housing for Young Families
- Mortgage loans within the framework of the program on National Mortgage Company
- Commercial mortgage loans
- 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”)
- National Mortgage Company Energy Efficiency Improvement Repair Loans "My Roof"
- Residential Energy Efficient Loans under National Mortgage Company Program
- Housing mortgages with floating interest rate
- Housing mortgages for non-resident individuals
Credit limit provided by Visa Infinite payment cards
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Who can apply |
Individual residents of RA between the age of 21-65 who are Visa Infinite cardholders of the Bank |
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Limit |
1,000,000 - 10,000,000 |
AMD |
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1000 - 20,000 |
USD |
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1000 - 20,000 |
EUR |
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Limit type |
Credit limit with payment grace period |
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Limit provision process |
The credit limit is granted via Bank’s Visa Infinite payment cards |
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Currency |
AMD, USD, EUR |
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Nominal interest rate |
AMD |
16% |
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USD |
14% |
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EUR |
12% |
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Grace period |
Up to 45 days |
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Repayment period |
12-36 months |
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Statement day |
By 10 of each month |
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Repayment period |
A grace period is defined for the repayment of utilized credit limit: from the 1st of the current month till 16th of the following month. If during the period of 1-16 of each month (if 16th of the given month is non-working than the due date is considered to be the next working day) the accrued debt as per the previous month statement is fully repaid, no any interest calculated for the utilized amount. In case if the debt is not fully repaid during the above-mentioned period, interest is accrued since the date of the use up till full repayment of the debt. |
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Penalties |
Monthly minimal payment overdue penalty - 0,015% daily, Accrued interest overdue penalty- 0,1% daily |
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Creditworthiness assessment (credit approval criteria) |
Important criteria for credit provision is considered to be: 1. Absence of loans with substandard or stricter classification for the last 12 months, absence of overdue or classified loans during the application submission (including guarantees) and total number of overdue days should not exceed 30 days for the previous 12 months. 2. Valid income 3. If necessary, a guarantee of at least 1 (one) physical person or 1 (one) legal person may be required |
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Deadlines for approving or rejecting loan provision |
The decision to approve or reject the loan is made within 5 (five) working days maximum. |
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