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

Credit limit secured by deposit

Who can apply

The customers who have deposit with the Bank


Up to 90% of the invested deposit

Limit type

Revolving with mandatory minimum monthly payment requirement (Overdraft)

Loan with payment schedule

Credit repayment method

Till the due date mentioned in the statement, the customer is obliged to pay 5% of the credit limit utilized during the previous month (minimum AMD 5,000) + accrued interest




Limit provision method

Cash, non-cash



Nominal interest rate

Deposit interest rate + 2%

Repayment period

Till the end of the term deposit agreement

Loan repayment security measure

The deposit

Bank commissions

In case of encashment of the credit amount, encashment fee is applied according to tariffs of the Bank


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

Accrued interest overdue penalty- 0,1 % daily

Creditworthiness assessment (credit approval criteria)

Absence of classified credit facilities during the application submission is considered an important criteria for credit provision.

Other terms

The credit is provided in the currency of the pledged monetary funds.

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 2 (two) working days maximum.