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
Gold mortgage (pawnshop) loans with credit rating
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1. |
Loan purpose |
Loans will be provided for purchasing or ordering of goods (works, services) for non-commercial personal, family, household use. |
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2. |
Eligibility |
RA residents aged 18– 70 who during the loan period will not turn 70. |
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3. |
Loan currency |
AMD |
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4. |
Loan amount |
100,000 –10,000,000 |
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5. |
Loan repayment period |
24-36 months |
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6. |
Loan repayment method |
Annuity payments |
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7. |
Loan disbursement method |
Non-cash |
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8. |
Nominal interest rate per annum |
19.5% |
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9. |
Penalty for early loan repayment |
Not applicable |
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10. |
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. |
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11. |
Loan-to-value ratio |
Up to 150%[1] |
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12. |
Special condition |
A single borrower can have credit liabilities which are equal to or below AMD 10,000,000. |
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13. |
Creditworthiness assessment (required for loan approval) |
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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 provided within 1 (one) business day after the approval of the loan application by the Bank. |
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15. |
Other terms and conditions |
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[1] The portion exceeding 100% of collateral value cannot be more than AMD 1,000,000.
Creditworthiness assessment /for loan approval/
- A necessary condition for granting is (in the presence of a credit history) the absence of supervised and classified loans in the last 12 months, the absence of overdue or classified loans (including guarantees) at the time of application submission, the number of overdue days in the last 12 months does not exceed 30 days.
- The minimum FICO score threshold for applicants with a FICO score is 570 points, and in case of not having a FICO score or less than 570 (but not less than 520);
- The client must have at least the last 6 months of recorded income data in the New Information System, or
- in the case of self-employment, a registered and continuously operating business for the last 6 months (availability of reports) or,
- in case of being an employee of a power structure, a reference from the workplace must be submitted.
