For Individual Clients

Consumer finance

Consumer finance: get your finance and purchase your goods without leaving the counter!

ապառիկ 

 

  • Now you can buy your goods on installment plan directly at the store just in a few minutes.
  • Your consumer finance decision will be made in 5 minutes.
  • The bank may increase your credit limit and enable you to buy other necessary goods. 

 

Currency

AMD

Credit limit

50,000-1,500,000

Deposit

From 0%

Term (months)

6-60 months, except of computer equipment and telephones, for which the maximum term is set at 36 months.

Annual nominal interest rate

0-24%

Monthly credit account service fee

0-1.2% of provided loan

Loan disbursement fee (lump sum)

0%

Repayment method

Annuity (equal monthly installments consisting of a portion of loan and a portion of interest)

Security

Purchased goods

LTV (“loan to value of security”) ratio

Maximum 100%


Required documents

Personal ID

PPSN (Social card) 

Repayment Channel

 


Wire transfer and Ameriabank’s payment terminals 

0


Payment terminals of Easy Pay, Telcell, MobiDram, idram

Easy Pay, idram, Mobidram  - 200 AMD

Telcell - 300 AMD 

 

Repayment of loan and interest at the bank’s premises

AMD 500 (for each cash operation)

Online: on the Bank's website

0


Leaflet on essential terms of consumer loan (for purchase of mobile phones and computer facilities)
Leaflet on essential terms of consumer loan (for purchase of domestic appliances, furniture, home décor, etc., heating systems)

 

 

Company

Store

1

VEGA WORLD LLC

VEGA

 

2

 

ZIGZAG LLC

ZIGZAG MEGASTORE

ЗИГЗАГ АНТЕННА

3

MOBILE CENTER ART LLC

MOBILE CENTER

4

"MTS-ARMENIA" CJSC

MTS

5

"VLV CENTER" Co.Ltd

VLV

6

UCOM LLC

UCOM

7

ARAY LLC

ARAY

8

ED-SPO LLC

BEKO

9

PC ELECTRONICS LLC

PC ELECTRONICS

10

BARSIS LLC

NOR TUN

11

"UNIVERSAL PROJECT" Co.Ltd

EUROBAZA, SMILE PRICE

12

"VOSKE AREV" LLC, MEDIA EXPERT 

220 VOLT

13

ARTHUR HOVHANNISYAN PE

LIKE MOBILE

14

ARMEN HOVHANNISYAN PE

MOBILE STORE

15

DARF LLC

METS ANIV

16

VENUS EL

VENUS

17

ASTGHIK MARZUMANYAN PR

ASKAT MOBILE

18

VEON ARMENIA CJSC

BEELINE

19

MASTERPHON LLC

3D PLANET

20

"DECORA-GROUP" LLC

DOMUS, DUSON

21

PRETTY WAY LLC

VESTA

22

IMEX GROUP LLC

IDEAL

23

MULTI ELECTRONICS LLC

MY NOTEBOOK

24

MOBILIFE LLC

MOBILIFE

25

PIXEL LLC

PIXEL

26

"VALENSIA'' JV LLC

KLAIK

27

ISTORE LLC

ISTORE

28

BL LLC

BL

29

EXCLUSIVE STORE LLC

EXCLUSIVE STORE

30

GBU LLC

BEKO(VANADZOR)

31

GSA LLC

GSA ELECTRONICS

32

MOBLIOS LLC

HUAWEI

33

NEW FLY LLC

PLASMA ELECTRONICS

34

RINO LLC

METS ANIV (GHARABAGH)

35

SHAH LLC

REZON

36

SBS LLC

SBS

37

TECHNICAT LTD

Z-MIX

38

IQS LLC

XTECHNX

39

OSCAR ELECTRONICS LLC

ELDORADO, BEKO (GYUMRI)

40

SIGMA ELECTRONICS LLC

SIGMA ELECTRONICS

41

NAREK HOVSEPYAN PE

TSIATSAN

42

HAYK GRIGORYAN PE

PC ELECTRONICS ETCHMIATSIN, ASHTARAK

43

ARTUR KHACHATRYAN PE

DECOR

Other Terms of Lending

 

օնլայն ապառիկ

Other Terms of Lending

  • Consumer finance is available at those stores with which the bank has executed a Cooperation Agreement.
  • Consumer finance is provided just at the premises of Merchants.
  • Consumer finance is available for 21-65 year-old resident individuals having Armenian citizenship for purchase of consumer goods (household appliances and computers, mobile phones, furniture, air conditioners, heating systems, etc.).
  • Amount of finance is transferred to the Merchant’s account based on the Customer’s instruction issued under consumer finance agreement.
  • Approval/rejection and maximum amount of finance are subject to the Customer’s creditworthiness assessment.
  • The credit may be rejected, if;
    • The Customer has a bad credit history
    • The presented data are not trustworthy

Interest Calculation

  • Interest is calculated based on nominal interest rate and accrued to outstanding loan.
  • Actual annual percentage rate (APR) shows the cost of the loan in case of due and timely repayments (interest and other fees) under the agreement.
  • No change of nominal interest rate by the bank is envisaged during the validity period of the agreement.
  • Loan interest calculation example:
    • Principal: AMD 200,000
    • Interest rate: 24%
    • Term: 12 months
    • Credit account opening, management and servicing fee: 0%
    • Monthly installment for this loan will be AMD 18,920.
    • Actual annual percentage rate will be 26.95%.


Other Fees and Rates 

For the fees and rates of provision of statements, references and other information please click here.

 

Fines and Penalties

  • If the Borrower fails to pay the loan when due, the following fines and penalties will be applied (for each day of delay):
    • 0.13% of Principal
    • 0.13% of Interest

No fines and penalties for repayment of the loan before the due date!

ATTENTION!

Collateral Foreclosure

If the borrower fails to repay the loan and interest when due, the collateral will be foreclosed. If the value of the collateral is not sufficient, THE bank may foreclose ON other property owned by the borrower.

 

Information Provided to Credit Register


If the borrower fails to repay the loan and interest when due, information about overdue liabilities will be recorded in credit register.

A bad credit history may negatively affect the borrower’s future CREDIT experience.

Your Consumer Finance Form   

 

Before executing the loan agreement Your Essential Terms Form will be provided to you in accordance with the Regulation 8/05 of the Central bank of Armenia “On Procedure, Terms, Forms and Minimum Requirements for Communication Between the Bank and Depositor, Creditor and Consumer”.


‘Financial Assistant’ system at abcfinance.am website offering ‘Finance for Everyone’

 


Updated 29.10.2018, 11:19

Services for Individuals

  
HEAD OFFICE

2 Vazgen Sargsyan Street, Yerevan 0010,RA

Tel.: +37410 56 11 11

Fax: +37410 51 31 33

USA:

+1 888 802 5352

UK:

+448000903191

Dear visitor,
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