Evoca online loan in our partner Wallets

To use an online loan, you only need to be an identified client of Wallets cooperating with the Bank and have an Evoca account. And if you don't have an Evoca account, you can open one directly in Wallet within seconds.

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Evoca online loan in our partner Wallets

1.	Loan purpose	Loans will be issued through the Bank's partners for purchasing or ordering goods (works, service) for non-commercial personal, family or household use.
2.	Eligibility	RA residents - Bank account holders who are 21 years of age or older but will not reach the age of 63 during the loan period.
3.	Loan currency	AMD
4.	Loan amount	AMD 50,000.00 – AMD 500,000.00
5.	Loan disbursement method	Non-cash
6.	Nominal interest rate per annum	21.5 %
7.	Actual interest rate	23.82 %
8.	Loan repayment period	12-36 months
9.	Loan repayment method	Annuity payments
10.	Fees	Not applicable
11.	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.
12.	Creditworthiness assessment /loan approval criteria /	According to the scoring and creditworthiness criteria applied by the Bank
13.	Timeline for making decision on loan application approval or rejection	The decision on approving or declining the loan application will be made within a few seconds. The loan will be made available within 1 (one) business day after the loan approval.
14.	Other provisions	The partner organization undertakes to create in its Mobile application the possibility for Users to submit an online loan application to the Customer. The loan amount is transferred to the client's account opened in the bank/or to the settlement account of the Client's partner, and the Bank undertakes to pay the Provider for the Service provided and bears responsibility in accordance with the Agreement. The Partner Organization shall be responsible for proper identification of Users/Customers