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.

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Retail
Loans
Loans
Overdrafts

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 who are Bank’s cardholder customers.
Limit	Minimum limit of AMD 100,000, USD 200, EUR 200, and maximum limit of AMD 3,000,000, USD 6,000, EUR 6,000
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 18-20%, USD 16%, EUR 16%
Grace period	Not provided
Repayment period	36 months
Minimum monthly payment requirement	Till the date specified in the statement, the cardholder is obliged to pay 5% of the limit utilized during the previous month (minimum AMD 5,000) + accrued interest. A month is defined as the period from 1^st day of each month till the 1^st of the following month.
Statement day	1 of each month
Payment period starting from the statement date	15 days (16^th of each month is considered to be the due date)
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	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 5 (five) working days.