Conditions
Loan purpose
Personal
Loan type
Credit line
Loan amount
AMD 100.000-6.000.000 equivalent foreign currency
Loan currency
USD EUR
Annual interest rate and term
2000-2004 years foreign cars (excluding Russian Federation) 2005-2009 years foreign cars (excluding Russian Federation) 2010 year  and  years after foreign cars (excluding Russian Federation) USD EURO USD EURO USD EURO 17% 16% 16.5% 15.5% 16% 15% 1-24 months 1-30 months 1-36 months
 
Loan term
1-36 month
Redemption frequency
Monthly  
Security
Acquired or pledged car (Audi, Bentley,BMW, Ford, Honda, Škoda, Suzuki, Toyota, Volkswagen, Volvo, Infiniti, Kia, Land Rover(Range Rover), Lexus, Mitsubishi, Nissan, Opel, Porsche, Mazda, Mercedes-Benz)
Loan to pledge value ratio
Maximum 50% of the liquidation value of the pledged car
Grant way
Cashless
Commission  fee
AMD 5000 for the study of the loan application which is non-refundable
  Flat fee - 2% credit line amount or 1% of loan amount in case of full insurance of the car While providing a loan,  fee set by the Bank’s Tariffs and Rates for credit line provision/loan account opening, service and /or increase  shall not be charged    
 
Decision period
Up to 10 working days (In case of mortgage the loan is provided within 2 business days following the receipt of collateral registration right)
Demands
Borrower’s requirements
Resident individual over 18 years
Registered and living in the Republic of Armenia
Has a constant income source acceptable by the Bank
Loan redemption procedure
Monthly- equally (annuitant)
Non-equally (differential).
Guarantee
Minimum in the size of loan amount, realized by insurance company licensed by RA CB on the tariff determined by the latter. The tariffs vary from 2.5-3 % of the contractual amount of the loan.
Pledged vehicle appraisal
Assessment is realized by any assessment organization having a license according to RA legislation on the tariff determined by the latter. Tariffs vary from AMD 15.000-20.000 per car.
Negative decision grounds
Negative assessment on the customer’s financial condition.
Non-credibility of the presented documents.
Costumer’s negative credit history.
Other reasons which according to the Bank assessment will hamper the loan repayment
Documents
NoteDocuments to be presented by individuals
PunctApplication about loan receipt
PunctPassport copies
PunctMarriage certificate and spouse's passport (if any) or declaration about being single,
PunctStatement from the workplace about income, given maximum 20 working days prior
PunctDocument containing public services number:
PunctCar property certificate provided by the state authority and state registration certificate
PunctStatement about limitations on the car, given by the state authority (after lending decision)
PunctIf necessary, other documents upon the Bank's claim
Հաշվիչ
Հավասարաչափ մարումներով
Results Արդյունք
N Վճարման ամսաթիվ Վարկի մնացորդ Վճարվող տոկոսագումար Մարում վարկից Ընդամենը վճարում
Մայր գումարի հավասարաչափ մարումներով
Results Արդյունք
N Վճարման ամսաթիվ Վարկի մնացորդ Վճարվող տոկոսագումար Մարում վարկից Ընդամենը վճարում
Updated: 07/06/2018 11:09