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
Student consumer loans (program)
1. |
Loan purpose |
Payment of tuition fees. |
2. |
Eligibility |
RA citizens- students of bachelor’s, master’s program and clinical residency program (ordinatura) of state and state-accredited higher education institutions. |
3. |
Loan currency |
AMD |
4. |
Loan amount |
Up to AMD 4,000,000 for the entire period of studies, in 5 tranches at most (a tranche for each year), besides, the amount of a single tranche cannot exceed AMD 800,000 or the size of a tuition fee for an academic year. |
5. |
Loan repayment method and loan period |
Monthly annuities, besides, during studies, the student will pay out interest only (5 years at most), while upon graduation identical payment of principal and interest will be made for a period of up to 10 years. |
6. |
Nominal interest rate per annum |
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7. |
Loan disbursement method |
The loan will be issued in non-cash manner through transferring the relevant amount to the bank account of higher education institution based on the invoice issued by the education institution and submitted by the customer to the Bank (the document should contain the details as set forth by the RA legislation). |
8. |
Penalty for early loan repayment |
Not applicable |
9. |
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. |
10. |
Loan security |
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11. |
Fees and charges |
Not applicable |
12. |
Timeline for making decision on loan application approval or rejection |
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