Overdrafts
Today overdraft is one of the best and the fastest ways to handle the unforeseen financial needs. Evocabank offers overdrafts with the minimum monthly prepayment.
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 21-60 |
Limit |
Minimum limit of AMD 100,000 or its equivalent foreign currency, and the maximum is 10,000,000 AMD and its equivalent foreign currency |
Limit type |
Revolving with monthly minimum payment requirement |
Limit provision process |
The credit limit is granted via Bank’s payment cards |
Currency |
AMD, USD, EUR |
Nominal interest rate |
AMD 16-21.5%, USD 13-16%, EUR 12-16% |
Grace period |
Not provided |
Repayment period |
36 months |
Minimum monthly payment requirement |
The cardholder is obliged to pay 5% of the limit used during the previous month / minimum: 5,000 AMD, in case of foreign currency overdraft - 10 USD, 10 EURO/+accumulated% by the deadline specified in the statement. A month is defined as the period from the 1st of each month to the 1st of the following month. |
Statement day |
10 of each month |
Payment period starting from the statement date |
The 16th of each month (if the 16th of the given month is a non-working day, the deadline is the next working day). |
Penalty for loan principal and/or interest overdue |
Monthly minimal payment overdue penalty - 0,015 % daily, Accrued interest overdue penalty- 0,1 % daily |
Deadlines for approving or rejecting loan provision |
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