Individual loans provided to individuals by products / Terms and Tariffs /
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- EvocaHOME
- Individual INVESTMENT Loan
- Personal loans secured by property (creditworthiness rating)
- Personal loans secured by property (without income source verification)
- Personal loan with guarantee
- Loans with gold pledge (Lombard loan)
- Gold mortgage (pawnshop) loans with credit rating
- Deposit secured loan / credit limit
- Overdrafts with payment cards (credit cards)
- Credit limit provided by Visa Infinite payment cards
- Student consumer loans (program)
- Evolution
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- Housing mortgage loans
- Housing mortgages with floating interest rate
- Housing mortgages for non-resident individuals
- Commercial mortgage loans
- Mortgage Loans under the National Mortgage Company program
- Renovation loan under National Mortgage Company
- Construction loans under the program of the National Mortgage Company
- Mortgage loans "Affordable Housing for Young Families"
- Mortgage loan to displaced families from Nagorno-Karabakh
- Home renovation mortgage loans from families displaced from Artsakh
- Mortgage loan to displaced families from Artsakh regions
- Affordable housing for servicemen under NMC program
- Affordable housing for servicemen
- Land Acquisition Loans
Personal loans secured by property (without income source verification)
1. |
Loan purpose |
Loans are designed for purchasing, ordering of goods (services) for non-commercia,l personal, family, household use. |
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2. |
Eligibility |
RA residents aged 18– 65 who during the loan period will not turn 65 or the loan will be shared by a co-borrower who meets these requirements. |
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3. |
Loan currency |
AMD |
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4. |
Loan amount |
2,000,000 – 50,000,000 |
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5. |
Loan repayment period |
For fixed interest rate |
24 - 84 months |
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For floating interest rate |
36 - 120 months |
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6. |
Annual (fixed) interest rate |
Nominal |
Actual |
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17% |
19.42% |
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7. |
Annual (floating) interest rate |
Nominal |
Actual |
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Starting rate: 16% (fixed component: started at 7% + variable component) |
18.22% |
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Maximum and minimum range of fluctuation of floating interest rate |
+4%, but not more than 21% |
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The variable component of the floating rate will be revised starting the first due date following the 24-month period after the loan origination and every 6 months afterwards using the interest rate (published on the website) applicable in the Bank at the time of revision. |
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8. |
Loan repayment schedule |
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9. |
Penalty for early repayment of the loan amount |
For loans subject to regulation of the RA law on Consumer Lending |
Not applicable |
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For loans not subject to regulation of the RA law on Consumer Lending |
If the loan is aimed at refinancing the loan with other banks or credit organizations and prior to the end of the first half of the contract period the principal loan amount is prepaid in full or in part, the borrower will pay a penalty of 1% of the prepaid amount. |
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10. |
Penalty charged 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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11. |
Loan disbursement method |
Non-cash (the loan amount will be transferred to the customer’s bank account) |
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12. |
Loan security |
Real property (apartment, single-family home, non-production premises) in Yerevan, Lori, Shirak and Kotayk provinces. Apart from real property pledging, the borrower will be required to submit a surety bond issued by at least one individual or legal entity. |
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13. |
Loan-to-value ratio |
Up to 50% of the appraised value of the property. |
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14. |
Creditworthiness assessment |
If the loan amount exceeds 30% of the collateral value, the FICO score of the borrower or surety should be 510 and above, besides, in the past 12 months the borrower should not have classified credit liabilities and the total number of days past due should not be more than 30. |
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15. |
Fees and charges |
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16. |
Timeline for making decision on loan application |
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17. |
Other provisions |
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