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


Loan purpose

The loan is granted by submitting an application through the Bank’s “EvocaTOUCH” remote system 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 21-58 who are also Bank’s cardholder customers.  

Loan currency


Loan amount


300,000 – 5,000,000



Loan provision process

The loan is provided by non-cash method only by crediting to customer’s payment card.

For Bank cardholder customers the loan is provided by immediately crediting on the payment card.

For those individuals who are not considered Bank’s cardholder customers, in case of approval of the loan application, a payment card is issued in the name of the latters. In case of issuance of a payment card the loan amount is credited to the card account[1]


Annual nominal interest rate


21.5 %


18 %

Loan repayment period

60 months

Loan repayment method



Not applicable

Penalty for loan principal and/or interest overdue

For overdue principal - 0,1 % daily,

For overdue interest - 0,1 % daily


Creditworthiness assessment (loan approval criteria)

Creditworthiness assessment (loan approval criteria)

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 1 (one) working day.  

[1] Customer can collect the payment card from the Bank premises or can receive it with mail delivery