Loan purpose
Loan type 
Credit line 
Loan amount 
AMD 50.000-3.000.000, but no more than the sevenfold of average monthly income
Loan currency 
Payment card type
Any payment card, the salary transferred to.
Annual interest rate 
14-15%  (based on the loan term and borrower’s working experience) 
Actual interest rate  
Loan term 
12-24 months 
Redemption frequency
Monthly- equally (annuitant), or Non-equally (differential) 
In case of the amount more than the fourfold of  the average income a guaranty of at least 1 individual, who is not a member of the Borrower's family is required.
As an additional loan security means the Bank may require the guaranty of one or more 
Grant way 
Commission fee 
Flat fee-1%.
Decision period 
10-12 working days
Loan arrangement is realized  
ARMECONOMBANK OJSC Head office and branches 
Attention. Early repayment of the loan is allowed, for which penalties and fines are not applied.
Attention. As an additional means of guaranteeing the loan, the Bank may require the guarantee(s) of other person/person)s).
Attention. When applying for a loan, the Bank provides you with an individual leaflet of the essential terms of the consumer loan, in which the individual terms of the loan to be provided to You are presented. (in case of credit lines in Armenian drams) Attention. Depending on various circumstances, additional documents and information may be required.
Attention. Interest is calculated on the loan balance.
For more details please visit the following link Income ground (
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
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
In case of non-repayment of amounts (loan, interest, and other payments) set forth by the Agreement on time, a penalty of 0.13% on the overdue amount will accrue for each overdue day.
General Information
Documents to be presented by individuals 
PunctPassport copies,
PunctDocument containing the number of public services ,
PunctThe document certifying the income 
PunctOther documents, if necessary

Loan Calculator

Updated: 04/04/2023 16:17