Credit line provided by Visa Vision payment cards

Take advantage of the most convenient and fast version of the credit line provided by Visa Vision card.

Eligibility criteria	Armenian resident- individuals aged 21-60, who get their salary under the agreement on salary program cooperation or through Bank card (at least for a month).
Limit	AMD	100,000 -5,000,000
	USD	200-10,000
	EUR	200-10,000
Type of limit	Revolving credit limit with minimum monthly repayments Extract day: 1st of each month. Payment period: 15 days from the date of the extract Payment deadline: The 16th of each month (if the 16th of the given month is a non-working day, the deadline is the previous working day).		Loan with scheduled repayment
Method of provision of the credit limit	Overdraft limit is provided through Visa Reward payment cards.
Currency	AMD, USD, EUR
Nominal interest rate	AMD 16%
	USD 14%
	EUR 12%
Repayment period	By Card validity period but no longer than 36 months
Credit limit application fee	0
Examination fee for the application of the existing credit limit increase	AMD 1,000
Penalties	Penalty for failure to duly repay the minimum monthly amount - 0.015% per day, Penalty for failure to pay the accrued interest- 0.1% per day.
Timelines for decisions on approving or rejecting the loan application	· The decision of approving or rejecting the loan application will be made within 5 (five) business days. · Overdraft will be provided on the basis of a positive decision by the Bank, within 5 (five) business days.