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

Overdrafts with payment cards (credit cards)

Loan purpose

The loan is granted for the purpose of ordering or purchasing goods (work, services) for personal, family, home or other use not related to business activities.

Who can apply

Individual residents of RA between the age of 21-60  


Minimum limit of AMD 100,000 and the maximum is 10,000,000 AMD and its equivalent foreign currency

Limit type

Revolving with monthly minimum payment requirement

Limit provision process

The credit limit is granted via Bank’s payment cards



Nominal interest rate

AMD 16-21.5%

Grace period

Not provided

Repayment period

36 months

Minimum monthly payment requirement

The cardholder is obliged to pay 5% of the limit used during the previous month / minimum: 5,000 AMD +accumulated% by the deadline specified in the statement. A month is defined as the period from the 1st of each month to the 1st of the following month.

Statement day

10 of each month

Payment period starting from the statement date

The 16th of each month (if the 16th of the given month is a non-working day, the deadline is the next working day).

Penalty for loan principal and/or interest overdue

Monthly minimal payment overdue penalty - 0,015 % daily,

Accrued interest overdue penalty- 0,1 % daily

Deadlines for approving or rejecting loan provision

  1. The decision to grant or reject a loan is made within seconds.
  2. The loan is provided in case of a positive decision by the Bank, within a maximum of 1 (one) working day.
  3. In case of deviations and/or overdraft applications rejected by the automatically processed scoring system, the decision is made within a maximum of 7 (seven) working days, according to the decision-making procedure for granting Loans in force at the Bank.
  4. In case of deviations, a security measure acceptable to the bank may be required.