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
Evolution
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Eligibility |
RA residents aged 18 or older, who during the debt service period will not reach the age of 63. Besides, parents may apply for their children (beneficiary). |
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Loan purpose |
Funding training courses |
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Loan currency |
AMD |
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Loan amount |
AMD 100,000.00- AMD 1,000,000.00 |
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Loan repayment period |
12-18 months |
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Loan disbursement method |
Non-cash |
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Annual interest rate |
Nominal |
18%-19% |
Actual |
19.60%-20.81% |
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Collaboration fee from partner |
0-1% of the loan amount - one-time, depending on the terms of cooperation |
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Creditworthiness assessment criteria |
Simplified, according to the individual lending procedure for Individuals, maximum OTI - 100%. |
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Loan security |
If appropriate, a surety bond acceptable for the Bank may be required. |
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Prepayment |
If appropriate |
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Penalty for loan prepayment |
Not applied. |
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Penalty for overdue loan principal and interest |
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Timeframe for making decisions on approving or rejecting the loan application |
Before the introduction of the new automated credit scoring system, the decision is made by the head of the retail business department within 2 working days. |
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