Consumer loans with guarantee
Citizen and resident individual of the Republic of Armenia aged 20 – 63
1-36 month
with maturity perioduntil 3,000,000
in AMD
Borrower
Citizen and resident individual of the Republic of Armenia aged 20 – 63
Purpose of the loan
Consumer credit
Currency
Armenian Dram (AMD)
Minimum loan amount
100,000
Maximum loan amount
3,000,000
Loan term
1 - 36 months.
Nominal interest rate
16 - 24 %
Actual interest rate
17.25 - 27.24 %
Loan application review fee
0 - 5,000 AMD
One-time loan disbursement commission (charged from the loan amount at the time of loan disbursement)
0 - 3% of the loan principal amount
Loan and interest repayments
Annuity: equal monthly repayments of the total loan principal and interest
Early repayment of the loan
No penalties apply
Requirements for the borrower's credit history
Absence of overdue or classified liabilities during the 12 months preceding the submission of the loan application and the total number of overdue liabilities not exceeding 30 days
Penalty
-In case of non-payment of the principal amount of the loan, in the amount of 0.1 % for each day of delay-In case of non-payment of the interest amount of the loan, in the amount of 0.03 %In addition, the annual interest rate continues to be calculated on the overdue loan amount until the overdue loan amount is repaid
Place of application submission
At the organization's business addresses
Maximum decision-making period
2 business days
Deadline for informing the client about the decision
15 business days
Attention
Dear customer, we inform you that this type of loan has a high actual interest rate, so please consider in advance other similar services available on the market and evaluate your ability to repay the loan.