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Loans to individuals

Individual loans provided to individuals by products / Terms and Tariffs /

Deposit secured loan / credit limit

Deposit secured loan / credit limit

1.	Eligibility	Bank’s customers
2.	Credit limit	Up to 95% of the amount placed with Bank under AMD-denominated term deposit agreement. Up to 80% of the amount placed with Bank under foreign currency term deposit agreement.
3.	Limit type	Revolving or decreasing overdraft		A loan with a specific repayment schedule
4.	Repayment method	The borrower shall pay the accrued interest by the due date as specified in the account statement.		Annuity plan Flexible plan Bullet payment
5.	Repayment period	The maximum repayment period is timed to coincide with the expiration date of the Bank deposit agreement.
6.	Currency	AMD
7.	Nominal interest rate	For term deposits denominated in AMD	Annual interest rate for term deposit plus 2%
		For deposits denominated in foreign currency	Maximum annual interest rate for AMD-denominated term deposit plus 2%
8.	Method of assigning the credit limit	Non-cash, for overdraft – the relevant amount will be transferred to the Bank payment card
9.	For overdraft
	Account statement day	By 10th day of each month
	Due date	16th day of each month (if the 16th day of the given month is a non-business day, the due date of such payment shall be extended to the next succeeding business day).
	Grace period	Not applicable
10.	Loan security	The term deposit agreement. If the pledgeable term deposit agreement and expected loan amount are not in the same currency, the calculation will be based on the exchange rate of the term deposit currency set by the CBA as of the date of pledging.
11.	Bank fees	The Bank will charge cash withdrawal fee for moving funds out of the bank account according to the Bank current fees and rates.
12.	Penalties	For past due minimum monthly amount - 0,015 % per day, For past due interest amount - 0,1 % per day.
13.	Creditworthiness assessment /loan approval terms/	A prerequisite for the loan approval is absence of substandard loans as of the date of loan application.
14.	Timeline for making decision on loan application approval or rejection	As a rule, the decision on the loan application will be made within 1 (one) business day, while in individual cases, subject to the loan amount, the decision may be taken within 5 (five) business days. The loan will be made available to the borrower within 2 (two) business days upon approval of the loan application by the Bank.

Loan secured by bonds issued by the bank / credit limit

1.	Eligibility	Individual Bank bond investors and Bank customers
2.	Credit Limit	Up to 80% of the par value of AMD-denominated bonds, Up to 70% of the par value of foreign currency-denominated bonds
3.	Limit type	Revolving or decreasing overdraft	A loan with a specific repayment schedule
4.	Repayment method	The borrower shall pay the accrued interest by the due date as specified in the account statement.	Annuity plan Flexible plan Bullet payment
5.	Repayment period	The maximum period is timed to coincide with the the bonds’ maturity date.
6.	Currency	AMD
7.	Nominal interest rate	Annual bond yield set by the Bank plus 2%.
8.	Method of assigning the credit limit	Non-cash, for overdraft – the relevant amount will be transferred to the Bank payment card
9.	For overdraft
	Account statement day	By 10th day of each month
	Due date	16th day of each month (if the 16th day of the given month is a non-business day, the due date of such payment shall be extended to the next succeeding business day).
	Grace period	Not applicable
10.	Loan security	Bonds issued by EVOCABANK CJSC. If the pledgeable bonds and expected loan amount are not in the same currency, the calculation will be based on the exchange rate of the bond currency set by the CBA as of the date of bond pledging.
11.	Bank fees	The Bank will charge cash withdrawal fee for moving funds out of the bank account according to the Bank current fees and rates.
12.	Other charges	Fee for bond pledging as per effective fees and rates.
13.	Penalties	For past due minimum monthly amount - 0,015 % per day, For past due interest amount - 0,1 % per day.
14.	Creditworthiness assessment /loan approval terms/	A prerequisite for the loan approval is absence of substandard loans as of the date of loan application.
15.	Timeline for making decision on loan application approval or rejection	As a rule, the decision on the loan application will be made within 1 (one) business day, while in individual cases, subject to the loan amount, the decision may be taken within 5 (five) business days. The loan will be made available to the borrower within 2 (two) business days upon approval of the loan application by the Bank.