Individual loans provided to individuals by products / Terms and Tariffs /
- Housing mortgage loans
- Housing mortgages with floating interest rate
- Commercial mortgage loans
- Mortgage loans within the framework of the program on National Mortgage Company
- Mortgage loan (within the framework of the program of National Mortgage Company RCO CJSC Housing Mortgage Financing, 4th Phase)
- Renovation loans / within the framework of the programs of the National Mortgage Company, Jerm Ojakh (“Warm House”)
- Mortgage loans, Affordable Housing for Young Families
- Car purchase loan
- Property secured personal installment loan (with creditworthiness assessment)
- Property secured personal installment loan (without income)
- Personal loan with guarantee
- Student consumer loans (program)
- Loans with gold pledge (Lombard loan)
- Gold mortgage (pawnshop) loans with credit rating
- SingleTOUCH
- Overdrafts with payment cards (credit cards)
- Overdrafts with payment cards (credit cards) for Bank’s customers
- Credit limit provided by Visa Infinite payment cards
- Combined credit line terms in the framework of payroll projects
- Credit limit secured by deposit
- Loans in the framework of Renewable Energy and Energy Saving programs
- Housing mortgages for non-resident individuals
- Credit limit provided by Visa Vision payment cards
- Loans for the purchase of a car within the framework of cooperation agreements
- National Mortgage Company Energy Efficiency Improvement Repair Loans "My Roof"
Credit limit provided by Visa Infinite payment cards
Who can apply |
Individual residents of RA between the age of 21-65 who are Visa Infinite cardholders of the Bank |
||
Limit |
1,000,000 - 10,000,000 |
AMD |
|
600 - 20,000 |
USD |
||
500 - 15,000 |
EUR |
||
Limit type |
Credit limit with payment grace period |
||
Limit provision process |
The credit limit is granted via Bank’s Visa Infinite payment cards |
||
Currency |
AMD, USD, EUR |
||
Nominal interest rate |
AMD |
16% |
|
USD |
14% |
||
EUR |
12% |
||
Grace period |
45 days |
||
Repayment period |
36 months |
||
Statement day |
1 of each month |
||
Repayment period |
A grace period is defined for the repayment of utilized credit limit: from the 1st of the current month till 16th of the following month. If during the period of 1-16 of each month (if 16th of the given month is non-working than the due date is considered to be the previous working day) the accrued debt as per the previous month statement is fully repaid, no any interest calculated for the utilized amount. In case if the debt is not fully repaid during the above-mentioned period, interest is accrued since the date of the use up till full repayment of the debt. |
||
Penalties |
Monthly minimal payment overdue penalty - 0,015% daily, Accrued interest overdue penalty- 0,1% daily |
||
Credit limit application review fee |
AMD 0 |
||
Creditworthiness assessment (credit approval criteria) |
Important criteria for credit provision is considered to be: 1. Absence of loans with substandard or stricter classification for the last 12 months, absence of overdue or classified loans during the application submission (including guarantees) and total number of overdue days should not exceed 30 days for the previous 12 months. 2. Valid income |
||
Deadlines for approving or rejecting loan provision |
The decision to approve or reject the loan is made within 5 (five) working days maximum. |