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 who are Bank’s cardholder customers.  


Minimum limit of AMD 100,000, USD 200, EUR 200, and maximum limit of AMD 3,000,000, USD 6,000, EUR 6,000

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 18-20%, USD 16%, EUR 16%

Grace period

Not provided

Repayment period

36 months

Minimum monthly payment requirement

Till the date specified in the statement, the cardholder is obliged to pay 5% of the limit utilized during the previous month (minimum AMD 5,000) + accrued interest.

A month is defined as the period from 1st day of each month till the 1st of the following month.

Statement day

1 of each month

Payment period starting from the statement date

15 days (16th of each month is considered to be the due date)

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

The decision to approve or reject the loan is made within 1 (one) working day.
The loan is granted in case of Bank’s positive decision, within 5 (five) working days.