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

Payment/Credit Cards Overdraft Online

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
Limit	100,000 - 10,000,000
Limit type	Revolving with monthly minimum payment requirement
Limit provision process	The credit limit is granted via Bank’s payment cards
Currency	AMD
Nominal interest rate	AMD 16-21.5%
Grace period	Not provided
Repayment period	36 months
Minimum monthly payment requirement	The cardholder is obliged to pay 5% of the limit used during the previous month / minimum: 5,000 AMD and accrued interest by the deadline specified in the statement. A month is defined as the period from the 1st of each month to the 1st of the following month.
Statement day	Until 10 of each month
Payment period starting from the statement date	The 16th of each month (if the 16th of the given month is a non-working day, the deadline is the next working day).
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 grant or reject a loan is made within seconds. The loan is provided in case of a positive decision by the Bank, within a maximum of 1 (one) working day.