Individual loans provided to individuals by products / Terms and Tariffs /
-
- Personal loans secured by property (with creditworthiness assessment)
- Personal loans secured by property (without income source verification)
- 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)
- Credit limit provided by Visa Infinite payment cards
- Evolution
- Deposit secured loan / credit limit
- Consumer Loans using Electronic Wallets of Bank Partner Organizations
- EvocaHOME
-
- 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
- Renovation loans / within the framework of the programs of the National Mortgage Company, Jerm Ojakh (“Warm House”)
- Loans under the State Support Program for Energy Efficient Renovation of Apartments and Single-Family Homes
- National Mortgage Company Energy Efficiency Improvement Repair Loans "My Roof"
- National Mortgage Company Energy Efficiency Building Loans
- Mortgage loans (under the State support program for providing access to affordable housing to families displaced from certain regions of the Republic of Artsakh)
- Mortgage loans under the State Support Program for housing affordability for families in border settlements of the Republic of Armenia
- Residential Energy Efficient Loans under National Mortgage Company Program
- Housing mortgages with floating interest rate
- Housing mortgages for non-resident individuals
- Affordable housing for servicemen under NMC program
- Affordable housing for servicemen
- Mortgage loans (under the State support program for providing access to affordable housing to families displaced from certain regions of the Republic of Artsakh)
Deposit secured loan / credit limit
Deposit secured loan / credit limit
1. |
Eligibility |
Bank’s customers |
||
2. |
Credit limit |
|
||
3. |
Limit type |
Revolving or decreasing overdraft |
A loan with a specific repayment schedule |
|
4. |
Repayment method |
The borrower shall pay the accrued interest by the due date as specified in the account statement. |
Annuity plan Flexible plan Bullet payment |
|
5. |
Repayment period |
The maximum repayment period is timed to coincide with the expiration date of the Bank deposit agreement. |
||
6. |
Currency |
AMD |
||
7. |
Nominal interest rate
|
For term deposits denominated in AMD |
Annual interest rate for term deposit plus 2% |
|
For deposits denominated in foreign currency |
Maximum annual interest rate for AMD-denominated term deposit plus 2% |
|||
8. |
Method of assigning the credit limit |
Non-cash, for overdraft – the relevant amount will be transferred to the Bank payment card |
||
9. |
For overdraft |
|||
Account statement day |
By 10th day of each month |
|||
Due date
|
16th day of each month (if the 16th day of the given month is a non-business day, the due date of such payment shall be extended to the next succeeding business day). |
|||
Grace period |
Not applicable |
|||
10. |
Loan security |
The term deposit agreement. If the pledgeable term deposit agreement and expected loan amount are not in the same currency, the calculation will be based on the exchange rate of the term deposit currency set by the CBA as of the date of pledging. |
||
11. |
Bank fees |
The Bank will charge cash withdrawal fee for moving funds out of the bank account according to the Bank current fees and rates. |
||
12. |
Penalties |
For past due minimum monthly amount - 0,015 % per day, For past due interest amount - 0,1 % per day. |
||
13. |
Creditworthiness assessment /loan approval terms/ |
A prerequisite for the loan approval is absence of substandard loans as of the date of loan application. |
||
14. |
Timeline for making decision on loan application approval or rejection |
|
Loan secured by bonds issued by the bank / credit limit
1. |
Eligibility |
Individual Bank bond investors and Bank customers |
|
2. |
Credit Limit |
· Up to 80% of the par value of AMD-denominated bonds, · Up to 70% of the par value of foreign currency-denominated bonds |
|
3. |
Limit type |
Revolving or decreasing overdraft |
A loan with a specific repayment schedule |
4. |
Repayment method |
The borrower shall pay the accrued interest by the due date as specified in the account statement. |
Annuity plan Flexible plan Bullet payment |
5. |
Repayment period |
The maximum period is timed to coincide with the the bonds’ maturity date. |
|
6. |
Currency |
AMD |
|
7. |
Nominal interest rate |
Annual bond yield set by the Bank plus 2%. |
|
8. |
Method of assigning the credit limit |
Non-cash, for overdraft – the relevant amount will be transferred to the Bank payment card |
|
9. |
For overdraft |
||
Account statement day |
By 10th day of each month |
||
Due date |
16th day of each month (if the 16th day of the given month is a non-business day, the due date of such payment shall be extended to the next succeeding business day). |
||
Grace period |
Not applicable |
||
10. |
Loan security |
Bonds issued by EVOCABANK CJSC. If the pledgeable bonds and expected loan amount are not in the same currency, the calculation will be based on the exchange rate of the bond currency set by the CBA as of the date of bond pledging. |
|
11. |
Bank fees |
The Bank will charge cash withdrawal fee for moving funds out of the bank account according to the Bank current fees and rates. |
|
12. |
Other charges |
Fee for bond pledging as per effective fees and rates. |
|
13. |
Penalties |
For past due minimum monthly amount - 0,015 % per day, For past due interest amount - 0,1 % per day. |
|
14. |
Creditworthiness assessment /loan approval terms/ |
A prerequisite for the loan approval is absence of substandard loans as of the date of loan application. |
|
15. |
Timeline for making decision on loan application approval or rejection |
|