Individual loans provided to individuals by products / Terms and Tariffs /
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- 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)
- Gold mortgage (pawnshop) loans with credit rating
- Overdrafts with payment cards (credit cards)
- Credit limit provided by Visa Infinite payment cards
- Evolution
- Credit limit secured by funds
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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
- 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"
- 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
Credit limit secured by funds
Deposit secured credit limit
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Who can apply |
The customers who have deposit with the Bank |
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Limit |
Up to 90% of the invested deposit |
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Limit type |
Revolving with mandatory minimum monthly payment requirement (Overdraft) |
Loan with payment schedule |
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Credit repayment method |
Till the due date mentioned in the statement, the customer is obliged to pay 5% of the credit limit utilized during the previous month (minimum AMD 5,000) + accrued interest |
Annuity Springy One-off |
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Limit provision method |
Non-cash |
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Currency |
AMD, USD, EUR, RUB |
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Nominal interest rate |
Deposit interest rate + 2% |
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Repayment period |
Till the end of the term deposit agreement |
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Loan repayment security measure |
The deposit |
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Bank commissions |
In case of encashment of the credit amount, encashment fee is applied according to tariffs of the Bank |
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Fees |
Monthly minimal payment overdue penalty - 0,015 % daily, Accrued interest overdue penalty- 0,1 % daily |
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Creditworthiness assessment (credit approval criteria) |
Absence of classified credit facilities during the application submission is considered an important criteria for credit provision. |
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Other terms |
The credit is provided in the currency of the pledged monetary funds. |
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Deadlines for approving or rejecting loan provision |
The decision to approve or reject the loan is made within 1 (one) working day. |
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Loan secured by bonds issued by the bank
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Who can apply |
The customers who have deposit with the Bank |
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Limit |
Up to 70% of the invested bonds |
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Limit type |
Overdraft with renewable or decreasing limit |
Loan with payment schedule |
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Credit repayment method |
The customer is obliged to pay accrued interest till the due date mentioned in the statement |
Annuity Springy One-off |
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Limit provision method |
AMD |
Non cash, in case of overdraft, through the Bank's payment cards |
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USD |
Through the Bank's payment cards | |
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Currency |
AMD, USD |
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Nominal interest rate |
Bond interest rate + 2% |
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Repayment period |
Till the end of the term deposit agreement |
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Loan repayment security measure |
The Bonds |
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Grace period |
NA |
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For overdrafts |
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| Extract day | By the 10th of each month | |
| Payment deadline | The 16th of each month (if the 16th of the given month is a non-working day, the deadline is the next working day). | |
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Bank commissions |
In case of encashment of the credit amount, encashment fee is applied according to tariffs of the Bank |
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Penalties |
Monthly minimal payment overdue penalty - 0,015 % daily, Accrued interest overdue penalty- 0,1 % daily |
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Application review fee |
AMD 0 |
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Creditworthiness assessment (credit approval criteria) |
Absence of classified credit facilities during the application submission is considered an important criteria for credit provision. |
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Other terms |
The credit is provided in the currency of the pledged monetary funds. |
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Deadlines for approving or rejecting loan provision |
The decision to approve or reject the loan is made within 1 (one) working day. Depending on the loan amount, the decision can be made within 5 (five) working days |
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