Loan purpose
Personal
Loan type
Credit line
Loan amount
AMD 50.000-4.000.000, but no more than tenfold of the average monthly income
Loan currency
AMD
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
15%
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
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
Security
• guarantor/co-borrower is required if
- The amount of credit line exceeds the sixfold of income
- The amount of credit line exceeds AMD 2,500,000 (not required if the amount does not exceed the threefold of salary)
• Additional guarantor/co-borrower is required if
- The age of applicant is 63 and higher,
- The amount of credit line exceeds AMD 3,000,000 (not required if the amount does not exceed the threefold of income)
The member of guarantor’s family should bear joint liability towards the Bank, otherwise subsidiary liability.
- The amount of credit line exceeds the sixfold of income
- The amount of credit line exceeds AMD 2,500,000 (not required if the amount does not exceed the threefold of salary)
• Additional guarantor/co-borrower is required if
- The age of applicant is 63 and higher,
- The amount of credit line exceeds AMD 3,000,000 (not required if the amount does not exceed the threefold of income)
The member of guarantor’s family should bear joint liability towards the Bank, otherwise subsidiary liability.
Grant way
Cashless
Commission fee
Flat fee-1%.
Decision period
10-12 working days
Loan arrangement is realized
ARMECONOMBANK OJSC Head office and branches
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 (aeb.am)
