Property Secured Personal Loans (based on client’s creditworthiness)
Do you need money to cover current financial needs? Are you looking for low interest loans? Then you are in the right place! Welcome to Evocabank!

Loan purpose |
The loan is provided for purchase/order of goods (works, services) intended for personal, family, household or other uses, unassociated with entrepreneurial activities. |
|||||||||||||||
Eligibility |
RA residents aged 18-63 who during the debt service period will not reach the age of 63, otherwise the potential borrower needs a co-borrower to qualify for the loan. |
|||||||||||||||
Loan currency |
AMD, USD, Euro |
|||||||||||||||
Loan amount |
AMD (in case of pledging of real property) |
2,000,000 – 50,000,000 |
||||||||||||||
AMD (in case of pledging of a car) |
5,000,000 – 50,000,000 |
|||||||||||||||
USD |
4,000 - 100,000 |
|||||||||||||||
Euro |
4,000 - 80,000 |
|||||||||||||||
Loan repayment period |
Fixed interest rate |
Real property as collateral |
24 - 84 months |
|||||||||||||
Car as collateral |
60 months |
|||||||||||||||
Floating interest rate |
36 - 120 months |
|||||||||||||||
Nominal (fixed) interest rates per annum |
|
Actual |
|
|||||||||||||
AMD |
Real property as collateral |
Up to 36 months |
Loan-to-Value ratio up to 50% |
16% - 17% |
17.28%- 20.03% |
|
||||||||||
Loan-to-Value ratio 51-70% |
17.5% - 18.5% |
19.03%- 21․83% |
|
|||||||||||||
37 - 84 months |
Loan-to-Value ratio up to 50% |
17% - 18% |
18.42%- 20․72% |
|
||||||||||||
Loan-to-Value ratio 51-70% |
18.5% - 19.5% |
20.18%- 22․54% |
|
|||||||||||||
Car as collateral |
19.5% - 20.5%[1] |
23.34%- 23.91% |
|
|||||||||||||
USD |
Real property as collateral |
Loan-to-Value ratio up to 50% |
10.5% |
12․72% |
|
|||||||||||
Loan-to-Value ratio 51% - 70% |
11.5% |
13․86% |
|
|||||||||||||
Car as collateral |
14.5% - 16.5% |
19.12%- 22․30% |
|
|||||||||||||
Euro |
Real property as collateral |
Loan-to-Value ratio up to 50% |
9.5% |
11․47% |
|
|||||||||||
Loan-to-Value ratio 51% - 70% |
10.5% |
12․59% |
|
|||||||||||||
Car as collateral |
13.5% |
18․60% |
|
|||||||||||||
Nominal (floating) interest rates per annum
|
AMD |
Loan-to-Value ratio up to 50% |
starting 16% (fixed component: starting 7% + variable component) |
Maximum - 22.05% |
|
|||||||||||
Loan-to-Value ratio 51 - 70% |
starting 17% (fixed component: starting 8% + variable component) |
Maximum - 23․29% |
|
|||||||||||||
USD |
Loan-to-Value ratio up to 50% |
starting 11% (fixed component: starting 10% + variable component) |
Maximum - 15.62% |
|
||||||||||||
Loan-to-Value ratio 51 - 70% |
starting 12% (fixed component: starting 11% + variable component) |
Maximum - 16.77% |
|
|||||||||||||
Euro |
Loan-to-Value ratio up to 50% |
starting 9.5% (fixed component: starting 9.5% + variable component) |
Maximum - 14.48% |
|
||||||||||||
Loan-to-Value ratio 51 - 70% |
starting 10.5% (fixed component: starting 10.5% + variable component) |
Maximum - 15․62% |
|
|||||||||||||
The maximum and minimum threshold of floating rate fluctuations |
+4%, but not more than 21% |
|
||||||||||||||
The variable component of the floating interest rate will be revised on the forthcoming revision date following the expiration of the 24th month, thereafter, every 6 months with application of the rate (published on the Bank’s website) effective at the moment of revision. The floating interest rate is the interest rate of the loan after the expiration of the 24th month of the loan.
The secondary variable component is revised on February 1 and August 1 each year. The secondary indicator as of February 1 is calculated as an average of the interest rates published from June through November of the previous year. The secondary indicator as of August 1 is calculated as an average of the interest rates published from December of the previous year through May of that specific year.
In case of moving from the primary to the secondary variable component an adjustment factor can be applied. |
|
|||||||||||||||
Penalty charged for loan prepayment |
Loans regulated under the RA law on Consumer Loans |
Not applicable |
||||||||||||||
Loans that aren’t regulated by the RA law on Consumer Loans |
If prior to the end of the first half of the loan period the Borrower repays monthly principal exceeding the scheduled amount under the agreement, the Borrower shall pay a penalty at 1% of the amount exceeding the monthly payable principal. |
|||||||||||||||
No penalty is applied to loans in foreign currency. |
||||||||||||||||
Penalty for overdue loan principal and interest |
For overdue principal - 0.015% per day, For overdue interest - 0.1% per day. |
|||||||||||||||
Loan disbursement method |
AMD |
Non-cash (the loan amount is credited to the seller’s account). |
||||||||||||||
USD, Euro |
Non-cash (the loan amount is credited to the card account via a payment card). |
|||||||||||||||
Loan security |
Real or movable property (car/vehicle) 1. Vehicles as collateral: · Russian vehicles under the age of 3, · Non-Russian vehicles under the age of 7. 2. In case the Loan-to-Value ratio exceeds 40% (for real property), and 30% (for movable property), apart from real or movable property collateral the Borrower shall provide a surety bond issued by an individual or a legal entity. |
|||||||||||||||
Loan-to-Value ratio |
Real property as collateral |
Up to 70% of the appraised value |
||||||||||||||
Movable property (car) as collateral |
Up to 50% of the appraised value |
|||||||||||||||
Insurance |
Insurance of the car pledged as security for the loan. |
Annual insurance of the car to cover the outstanding loan balance. |
||||||||||||||
Charged fees |
In case of cash withdrawal, a withdrawal fee will be charged by the Bank. |
|||||||||||||||
Timeframe for making decisions on approving or rejecting the loan application |
· The decision on approval or rejection of the loan application is made within 10 (ten) business days upon submission of the full package of preliminary documents required by the Bank. · The loan is provided to the Borrower in case of the Bank’s positive decision within 2 (two) business days upon completion of the pledging process |
[1] The mentioned interest rates are applied in case the insurance of the car to be pledged is executed and funded by the Bank. In case the insurance is executed and covered by the Borrower, pursuant to the decision of the Central credit committee, an interest rate 2.5% lower than the indicated one may be applied.


Online and Mobile Banking
Evocabank is a fast, simple and innovative service bank, distinguished by the active use of the latest information technologies.
Become a client