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)
- 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
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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”)
- 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)
Gold mortgage (pawnshop) loans with credit rating
1. |
Loan purpose |
Loans will be provided for purchasing or ordering of goods (works, services) for non-commercial, personal, family, household use. |
2. |
Eligibility |
RA residents aged 18– 70. |
3. |
Loan currency |
AMD |
4. |
Loan amount |
100,000 – 10,000,000 |
5. |
Loan repayment period |
24-36 months |
6. |
Loan repayment method |
Annuity plan |
7. |
Loan disbursement method |
Non-cash |
8. |
Nominal interest rate per annum |
19.5% |
9. |
Actual interest rate |
21.38% |
10. |
Penalty for early loan repayment |
Not applicable |
11. |
Penalty charged for late payment of the principal and interest amounts |
For past due principal amount - 0.015% per day, For past due interest - 0.1% per day. |
12. |
Loan-to-value ratio |
Up to 150%[1] |
13. |
Special condition |
A single borrower can have credit liabilities in relation to this loan product equal to or below AMD 10,000,000. |
14. |
Timeline for making decision on loan application approval or rejection |
The decision on approving or declining the loan application will be made within 1 (one) day. The loan will be made available to the borrower within 1 (one) business day once the loan is approved by the Bank. |
15. |
Other terms and conditions |
|
16. |
List of required documents |
1. Application for a gold-secured (pawnshop) loan, 2. passport or ID card, 3. social card or statement on absence of social card (while social card and statement on its absence are not required if the applicant has an ID card), 4. Employment verification letter, whenever required, 5. Other documents as may be required by the Bank. |
[1] The portion exceeding 100% of collateral value cannot be more than AMD 1,000,000.