Evolution

It's time for new qualifications and specializations, but there are obstacles with tuition fees payment! Evocabank will pay for you.

Evolution
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Eligibility

RA residents aged 18 or older, who during the debt service period will not reach the age of 63. Besides, parents may apply for their children (beneficiary).

Loan purpose

Funding training courses

Loan currency

AMD

Loan amount

AMD 100,000.00- AMD 1,000,000.00

Loan repayment period

12-18 months

Loan disbursement method

Non-cash

Annual interest rate

Nominal

18%-19%

Actual

19.60%-20.81%

Collaboration fee from partner

0-1% of the loan amount - one-time, depending on the terms of cooperation

Creditworthiness assessment criteria

Simplified, according to the individual lending procedure for Individuals, maximum OTI - 100%.

Loan security

If appropriate, a surety bond acceptable for the Bank may be required.

Prepayment

If appropriate

Penalty for loan prepayment

Not applied.

Penalty for overdue loan principal and interest

  • For overdue principal - 0.015% per day,
  • For overdue interest - 0.1% per day.

Timeframe for making decisions on approving or rejecting the loan application

Before the introduction of the new automated credit scoring system, the decision is made by the head of the retail business department within 2 working days.

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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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