Guaranteed Loans

Do you need money to bring new ideas to life? Make them real with Evocabank!

Retail
Loans
Loans
Guaranteed Loans

Loan purpose	The loan is granted 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 18-63, whose age will not exceed 63 years throughout the loan service period or have a co-borrower meeting the above criteria throughout the loan service period.
Loan currency	AMD, USD, EUR
Loan amount	AMD			1,000,000 – 5,000,000
	USD			2,000 –10,000
	EUR			1,500-8,000
Loan repayment period	36 months	AMD			1,000,000-2,000,000
		USD			2,000-4,000
		EUR			1,500-3,000
	36-60 months	AMD			2,000,001-5,000,000
		USD			4,001-10,000
		EUR			3,001-8,000
Annual nominal interest rate	AMD				20%
	USD				16.5
	EUR				15.5%
Early loan repayment penalty	No early payment fee is applicable
Penalty for loan principal and/or interest overdue	For overdue principal - 0,015 % daily, For overdue interest - 0,1 % daily
Loan provision methods	AMD				Non-cash
	USD, EUR				Non-cash: transferring to card account
Loan repayment security measure	AMD 1,000,001-3,000,000		Guarantee of at least 1 (one) physical individual or 1 (one) legal entity
	USD 2,000-6,000
	EUR 1,500-5,000
	AMD 3,000,001-5,000,000		Guarantee of at least 2 (two) individuals
	USD 6,001-10,000
	EUR 5,001-8,000
Deadlines for approving or rejecting loan provision	· The decision to approve or reject the loan is made within 3 (three) working days maximum, after fully providing all the initial documents requested by the Bank. · The loan is disbursed in case of positive decision made by the Bank and within maximum 2 (two) working days since signing loan and guarantee agreements/consents.
Other terms	Foreign currency loan are provided via payment cards. Loans provided in AMD are credited to the Bank account. The person related to the loan applicant (family member or joint venture) should not have a valid loan of this type.