Loan for Medical Purposes

Loan purpose
Treatment
Loan amount
Maximum 500,000 AMD
Loan currency
AMD
Annual interest rate
20%
Loan term
Maximum 12 months
Redemption frequency
Monthly
Security
At least the guaranty of two persons
Grant way
Cashless
Commission fee
Without commission fees
Loan arrangement is realized
EREBUNI 1 and CENTER branches
Decision Period
Up to 10 working days
Partner organizations
“Erebuni Medical Center” CJSC,
“Num. 2 medunity” CJSC.
Attention! It cannot exceed the service value mentioned in the invoice provided by the medical institution.
Borrower 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), or
Non-equally (differential).
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
Penalties
Overdue Interest
Overdue Loan 0.2% of the unpaid amount for each overdue day
0.4% of the unpaid amount for each overdue day
Attention! Early loan repayment is allowed for which no fines and penalties are charged.
Attention! In case of not performing the loan liabilities and repaying the liabilities in the account of the collateral, in case of the collateral being not enough to repay the Borrower’s loan liabilities, it is possible to make liabilities repayment on the account of another property of the Borrower and/or Guarantor(s).
Documents presented by individuals

1. Passport copies (of the Borrower's family members).
2. Document containing public services number

• Social card, or

• RA citizen identification card, or

• Foreign citizen residence card (if any) containing public services number, or

• Documents certifying the refugee identification of RA permanent resident, individual having no citizenship containing public services number, or

• Statement containing public services number.

3. Copy of marriage certificate, social card (of the Borrower).
4. Statement from the residence, maximum of 20 working days prior.
5. Statement from the workplace (in the salary amount)' given within maximum 20 working days prior.
6. Data about property with ownership right (certificates, technical passports, etc.).
7. In case of lending the loan to a family member, corresponding documents about the kinship relation (birth certificate, marriage certificate, etc.).
8. If necessary, other documents.

Interests are calculated on the loan balance. Loan interests are calculated based on the nominal interest rate. The actual interest rate shows how much the loan interests and other payments will cost in case of performance in defined terms and sizes.

Actual annual interest rate calculation procedure and sample.
Actual annual interest rate calculation formula.

Attention! No change of nominal interest rate throughout the term of loan agreement.
Attention! In case of failure to repay the interest and the principal on time, the mortgaged property may be confiscated, and the information about the Borrower and/or the Guarantor/s will be recorded in the loan register.
Loan amount
Interest rate calculation procedure
Loan agreement termination
Pledge subject for the Bank
Overdue loan and overdue interest
Documents required for loan grant
Negative conclusion grounds on loan case are
Security
Pledged estate sales rules
Loan purpose
Treatment
Loan amount
Maximum 500,000 AMD
Loan currency
AMD
Annual interest rate
20%
Loan term
Maximum 12 months
Redemption frequency
Monthly
Security
At least the guaranty of two persons
Grant way
Cashless
Commission fee
Without commission fees
Loan arrangement is realized
EREBUNI 1 and CENTER branches
Decision Period
Up to 10 working days
Partner organizations
“Erebuni Medical Center” CJSC,
“Num. 2 medunity” CJSC.
Attention! It cannot exceed the service value mentioned in the invoice provided by the medical institution.
Borrower 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), or
Non-equally (differential).
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
Penalties
Overdue Interest
Overdue Loan 0.2% of the unpaid amount for each overdue day
0.4% of the unpaid amount for each overdue day
Attention! Early loan repayment is allowed for which no fines and penalties are charged.
Attention! In case of not performing the loan liabilities and repaying the liabilities in the account of the collateral, in case of the collateral being not enough to repay the Borrower’s loan liabilities, it is possible to make liabilities repayment on the account of another property of the Borrower and/or Guarantor(s).
Documents presented by individuals

1. Passport copies (of the Borrower's family members).
2. Document containing public services number

• Social card, or

• RA citizen identification card, or

• Foreign citizen residence card (if any) containing public services number, or

• Documents certifying the refugee identification of RA permanent resident, individual having no citizenship containing public services number, or

• Statement containing public services number.

3. Copy of marriage certificate, social card (of the Borrower).
4. Statement from the residence, maximum of 20 working days prior.
5. Statement from the workplace (in the salary amount)' given within maximum 20 working days prior.
6. Data about property with ownership right (certificates, technical passports, etc.).
7. In case of lending the loan to a family member, corresponding documents about the kinship relation (birth certificate, marriage certificate, etc.).
8. If necessary, other documents.

Interests are calculated on the loan balance. Loan interests are calculated based on the nominal interest rate. The actual interest rate shows how much the loan interests and other payments will cost in case of performance in defined terms and sizes.

Actual annual interest rate calculation procedure and sample.
Actual annual interest rate calculation formula.

Attention! No change of nominal interest rate throughout the term of loan agreement.
Attention! In case of failure to repay the interest and the principal on time, the mortgaged property may be confiscated, and the information about the Borrower and/or the Guarantor/s will be recorded in the loan register.
Loan amount
Interest rate calculation procedure
Loan agreement termination
Pledge subject for the Bank
Overdue loan and overdue interest
Documents required for loan grant
Negative conclusion grounds on loan case are
Security
Pledged estate sales rules
Last modified on Wednesday, 15 July 2015 11:03