Fund Secured Credit Line

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Loans
Fund Secured Credit Line

Deposit secured credit limit

Who can apply	The customers who have deposit with the Bank
Limit	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	Annuity Springy One-off
Limit provision method	Non-cash
Currency	AMD, USD, EUR, RUB
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
Fees	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.

Loan secured by bonds issued by the bank

Who can apply	The customers who have deposit with the Bank
Limit	Up to 70% of the invested bonds
Limit type	Overdraft with renewable or decreasing limit	Loan with payment schedule
Credit repayment method	The customer is obliged to pay accrued interest till the due date mentioned in the statement	Annuity Springy One-off
Limit provision method	AMD	Non cash, in case of overdraft, through the Bank's payment cards
	USD	Through the Bank's payment cards
Currency	AMD, USD
Nominal interest rate	Bond interest rate + 2%
Repayment period	Till the end of the term deposit agreement
Loan repayment security measure	The Bonds
Grace period	NA
For overdrafts
Extract day	By the 10th of each month
Payment deadline	The 16th of each month (if the 16th of the given month is a non-working day, the deadline is the next working day).
Bank commissions	In case of encashment of the credit amount, encashment fee is applied according to tariffs of the Bank
Penalties	Monthly minimal payment overdue penalty - 0,015 % daily, Accrued interest overdue penalty- 0,1 % daily
Application review fee	AMD 0
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. Depending on the loan amount, the decision can be made within 5 (five) working days The loan is granted in case of Bank’s positive decision, within 2 (two) working days maximum.