Individual loans provided to individuals by products / Terms and Tariffs /

    1.            

Loan purpose

For purchasing consumer goods and/or services from the Bank partners.

    2.            

Eligibility

RA residents aged 18 – 65,  whether or not RA citizens, who will not turn 65 during the entire loan service period.

    3.            

Loan currency

Armenian drams

    4.            

Loan amount

50,000 - 5,000,000

    5.            

Loan repayment period

12 - 60 months

    6.            

Nominal interest rate per annum

Will be specified in the Cooperation agreement signed by and between the Entity and the Bank

    7.            

Actual interest rate per annum

0 - 23.99%

    8.            

Type of annual interest rate

Fixed

    9.            

Monthly service fee

Will be specified in the Cooperation agreement signed by and between the Entity and the Bank

   10.           

Loan repayment schedule

Will be specified in the Cooperation agreement signed by and between the Entity and the Bank

   11.           

Penalty for loan prepayment

N/A

   12.           

Penalty 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.

   13.           

Documents required

·          ID card

·          Social card

   14.           

Loan disbursement method

Non-cash