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)
Overdrafts with payment cards (credit cards)
1. |
Purpose |
For purchasing or ordering goods (services) for non-commercial, personal, family, household use. |
2. |
Eligibility |
RA residents aged 21-60 |
3. |
Currency |
AMD |
4. |
Minimum and maximum limits |
100,000 - 10,000,000 |
5. |
Type of limit |
Revolving, with minimum monthly repayments |
6. |
Overdraft provision method |
The loan limit will be provided through Bank’s payment cards. |
7. |
Nominal interest rate |
16% - 21.5% |
8. |
Actual interest rate |
17.24% - 23.78% |
9. |
Grace period |
Not applicable |
10. |
Repayment period |
36 months |
11. |
Requirement for monthly payment of minimum amount |
The cardholder shall pay 5% of the amount used during the previous month (minimum amount: AMD 5,000) + accrued interest prior to the deadline indicated in the account statement. A month is a period of time from the first day of the month to the first day of the next month. |
12. |
Account statement date |
By 10th day of each month |
13. |
Due date
|
16th day of each month (if it is а non-business day, then the next business day). |
14. |
Penalty for late payment of principal and interest amounts |
Penalty for failure to duly pay the minimum monthly amount - 0.015% per day Penalty for failure to duly pay the interest accrued - 0.1% per day. |
15. |
Creditworthiness assessment /loan approval terms/ |
Pursuant to the credit scoring system for assessment of online loans. |
16. |
Timeline for making decision on approving or declining loan application |
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