Point of Sale Loans
Do you want to obtain your desired goods or services, but don’t have enough funds? Apply for Evocabank’s Online and Point of Sale Loans!
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1. |
Loan purpose |
For purchasing consumer goods and/or services from the Bank partners. |
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2. |
Eligibility |
RA residents aged 18 – 65, whether or not RA citizens, who will not turn 65 during the entire loan service period. |
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3. |
Loan currency |
Armenian drams |
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4. |
Loan amount |
50,000 - 5,000,000 |
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5. |
Loan repayment period |
12 - 60 months |
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6. |
Nominal interest rate per annum |
Will be specified in the Cooperation agreement signed by and between the Entity and the Bank |
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7. |
Actual interest rate per annum |
0 - 23.99% |
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8. |
Type of annual interest rate |
Fixed |
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9. |
Monthly service fee |
Will be specified in the Cooperation agreement signed by and between the Entity and the Bank |
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10. |
Loan repayment schedule |
Will be specified in the Cooperation agreement signed by and between the Entity and the Bank |
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11. |
Penalty for loan prepayment |
N/A |
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12. |
Penalty for late payment of the principal and interest amounts |
For past due principal amount - 0.015% per day, For past due interest - 0.1% per day. |
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13. |
Documents required |
· ID card · Social card |
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14. |
Loan disbursement method |
Non-cash |
Online and Mobile Banking
Evocabank is a fast, simple and innovative service bank, distinguished by the active use of the latest information technologies.
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