Loan purpose 
Loan type 
Credit line
Loan amount
AMD 50.000-3.000.000, but no more than tenfold of the average monthly income 
Loan currency  
Payment card type  
Any payment card, the salary transferred to.(annual service fee is not defined for Arca Classic, Master Standard, Visa Classic payment cards)
Annual interest rate
Actual interest rate 
 16.08 % 
Loan term
12-36 months
Redemption frequency
Monthly- equally (annuitant), or non-equally (differential).
By equal repayment of the Principle amount during the last 6 months.
At the end of deadline.
The interest accrued on the used loan is subject to full repayment until the 90th day from the date of settlement
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 persons.
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: 06/04/2023 11:20