 For Individual Clients
Consumer finance
Consumer finance: get your finance and purchase your goods without leaving the counter!
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Now you can buy your goods on installment plan directly at the store just in a few minutes.
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Your consumer finance decision will be made in 5 minutes.
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The bank may increase your credit limit and enable you to buy other necessary goods.
Terms of financing (purchase of goods)
|
Client's personal details
|
Eligible age
|
21 - 65
|
|
Residency
|
Citizens of Armenia
|
|
Terms of finance
|
Currency
|
AMD
|
|
Financing limit
|
Minimum AMD 50,000
Maximum AMD 3,000,000
|
|
Term (months)
|
6 - 60
|
|
Annual percentage rate
|
0 % - 24 %
|
|
Monthly account service fee
|
0.65 % - 1.4 %
|
|
Disbursement fee (lump-sum)/down payment
|
0 % - 20%
|
|
Repayment methods
|
Repayments
|
1. Annuity (equal monthly installments consisting of a portion of debt and a portion of interest) where interest rate is applied
2. Equal monthly installments schedule (equal monthly installments consisting of a portion of debt and a portion of fee) where a fee is applied
|
|
Security
|
Eligible security
|
The purchased item is considered the security
|
|
Max debt-to-value ratio
|
100%
|
|
Required documents
|
Documents
|
• Personal identification document
|
|
• PPSN/social card
|
|
Fines and penalties
|
Late payment fines and penalties (principal and interest)
|
In case of breach of the repayment term under the agreement the Client shall pay to the Bank a fine in the amount of 0.13% of overdue amount and interest for each day of delay.
. No fines and penalties are applied for the repayment before the due date.
|
|
Coverage
|
Communities
|
Republic of Armenia and Republic of Artsakh
|
Terms of financing (delivery of services)
|
Client's personal details
|
Eligible age
|
21 - 65
|
|
Residency
|
Citizens of Armenia
|
|
Terms of finance
|
Currency
|
AMD
|
|
Financing limit
|
Minimum AMD 100,000
Maximum AMD 1,500,000
|
|
Term (months)
|
6 - 24
|
|
Annual percentage rate
|
0 % - 24 %
|
|
Monthly account service fee
|
0.8 % - 0.99 %
|
|
Disbursement fee (lump-sum)/down payment
|
N/a
|
|
Repayment methods
|
Repayments
|
1. Annuity (equal monthly installments consisting of a portion of debt and a portion of interest) where interest rate is applied
2. Equal monthly installments schedule (equal monthly installments consisting of a portion of debt and a portion of fee) where a fee is applied
|
|
Required documents
|
Documents
|
• Personal identification document
|
|
• PPSN/social card
|
|
Fines and penalties
|
Late payment fines and penalties (principal and interest)
|
In case of breach of the repayment term under the agreement the Client shall pay to the Bank a fine in the amount of 0.13% of overdue amount and interest for each day of delay.
. No fines and penalties are applied for the repayment before the due date.
|
|
Coverage
|
Communities
|
Republic of Armenia and Republic of Artsakh
|
Terms of financing (purchase of solar system)
|
Client's personal details
|
Eligible age
|
21 - 65
|
|
Residency
|
Citizens of Armenia
|
|
Terms of finance
|
Currency
|
AMD
|
|
Financing limit
|
Minimum AMD 200,000
Maximum AMD 5,000,000
|
|
Term (months)
|
6 - 108
|
|
Annual percentage rate
|
0 % - 17 %
|
|
Monthly account service fee
|
0.43 % - 0.7 %
|
|
Disbursement fee (lump-sum)/down payment
|
0 % - 10%
|
|
Repayment methods
|
Repayments
|
1. Annuity (equal monthly installments consisting of a portion of debt and a portion of interest) where interest rate is applied
2. Equal monthly installments schedule (equal monthly installments consisting of a portion of debt and a portion of fee) where a fee is applied
|
|
Security
|
Eligible security
|
The purchased item is considered the security
|
|
Max debt-to-value ratio
|
100%
|
|
Required documents
|
Documents
|
• Personal identification document
|
|
• PPSN/social card
|
|
Fines and penalties
|
Late payment fines and penalties (principal and interest)
|
In case of breach of the repayment term under the agreement the Client shall pay to the Bank a fine in the amount of 0.13% of overdue amount and interest for each day of delay.
. No fines and penalties are applied for the repayment before the due date.
|
|
Coverage
|
Communities
|
Republic of Armenia and Republic of Artsakh
|
Ameriabank CJSC General Terms and Conditions of Consumer Finance Service for Individuals (PDF)
Repayment Channel
|
Wire transfer and Ameriabank’s payment terminals
|
0
|
|
Payment terminals of Easy Pay, Telcell, MobiDram, idram, UPay
|
Easy Pay, idram, Mobidram - 200 AMD
Telcell - 300 AMD
UPay - up to 35,000 AMD - 200 AMD, starting from 35,001 AMD - 0.6%
|
|
Repayment of loan and interest at the bank’s premises
|
AMD 500 (for each cash operation)
|
|
Online: on the Bank's website
|
0
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|
N
|
Company
|
Store
|
|
1
|
VOSKE AREV LLC
|
220 VOLT ELECTRONICS
|
|
2
|
MEDIA EXPERT LLC
|
220 VOLT MOBILE
|
|
3
|
MASTERPHONE LLC
|
3D PLANET
|
|
4
|
ARAQSYA SIMONYAN G. PE
|
ARMALIS
|
|
5
|
SHANT AKULYAN KH. PE
|
BEKO ARTIK
|
|
6
|
TIGRAN GEVORGYAN A. PE
|
ALEX DECOR
|
|
7
|
ANAHIT EVOYAN L. PE
|
VAHE ELECTRONICS
|
|
8
|
HAYR & VORDI ASATRAYNNER LLC
|
AG MOBILE
|
|
9
|
INTERFUR LLC
|
ASHLEY HOMESTORE
|
|
10
|
ART KAHUYK LLC
|
ART FURNITURE
|
|
11
|
ANI MARKOSYAN M. PE
|
ANI KAHUYQ
|
|
12
|
ARPANIV LLC
|
AUTO MAX
|
|
13
|
AR. LEO LLC
|
AR LEO
|
|
14
|
ARPINET LLC
|
ARPINET
|
|
15
|
ALEX KAHUYK LLC
|
ALEX FURNUTURE
|
|
16
|
ASTGHIK ARZUMANYAN PE
|
ASKAT MOBILE
|
|
17
|
AVETYAN KNKUSH A. PE
|
ARBAT
|
|
18
|
VALENSIA LLC
|
AQUATEK / ԱԿՎԱԹԵՔ
|
|
19
|
MANUK GHAZARYAN A. PE
|
MK
|
|
20
|
VOSKANYAN AIDA PE
|
AIDA VOSKANYAN
|
|
21
|
SUKIASAN SAGHATEL H. PE
|
ALIN ELECTRONICS
|
|
22
|
ARMAN MURADYAN A. PE
|
BAROCCO
|
|
23
|
HRACHYA BABAYAN V. PE
|
BEKO EJMIATSIN
|
|
24
|
ARMEN KARAPETYAN R. PE
|
BEST ALAVERDI
|
|
25
|
ED-SPO LLC
|
BEKO
|
|
26
|
NEW LEVEL LLC
|
BL FURNITURE - YEREVAN
|
|
27
|
SHINCAPITAL HOME LLC
|
BRIGHTHOUSE
|
|
28
|
ZOHRAB KIRAKOSYAN R. PE
|
BEKO IJEVAN
|
|
29
|
BL LLC
|
BL
|
|
30
|
BADALYAN DZAVAHIL KH. PE
|
BOOM HOUSE SEVAN
|
|
31
|
EMGE LLC
|
BEKO ARTASHAT - GSA ELECTRONICS
|
|
32
|
KORYUN TUNIBEKYAN Y. PE
|
BALU
|
|
33
|
OTARYAN GARIK I. PE
|
BABY TOYS
|
|
34
|
GLOBAL BEAUTY LLC
|
GLOBAL BEAUTY
|
|
35
|
BEKO LLC
|
BEKO KAPAN
|
|
36
|
ALLA PETROSYAN A. PE
|
BEST ELECTRONICS VAGHARSHAPAT
|
|
37
|
MI CASA LLC
|
SHEN TEXTILE
|
|
38
|
RID GROUP LLC
|
BEKO CHARENTSAVAN
|
|
39
|
GOR SEDRAKYAN H. PE
|
SHKAFF MASIS
|
|
40
|
DIVA LLC
|
DIVA
|
|
41
|
MAXIM GIKINYAN PE
|
DUBAI
|
|
42
|
DECORA GROUP LLC
|
DECORA GROUP
|
|
43
|
ARTUR KHACHATRYAN PE
|
DECOR
|
|
44
|
RUBEN ELOYAN PE
|
DIAMOND ELECTRONICS
|
|
45
|
GRIGORYAN KAREN H. PE
|
ARA
|
|
46
|
KONSTANTIN GAVALJYAN PE
|
DAV KAHUYQ
|
|
47
|
BORIS BAGHDASARYAN A. PE
|
DESIGNO
|
|
48
|
DSA LLC
|
BEKO APARAN, VARDENIS
|
|
49
|
HOVAKIMYAN ARAYIK N. PE
|
BEST ELECTRONICS
|
|
50
|
DV INVEST LLC
|
ECO STEP
|
|
51
|
STALKER LLC
|
EIFFEL
|
|
52
|
ELMARKET LLC
|
ELDORADO
|
|
53
|
ALDIS LLC
|
ELEKTRON PLAZA
|
|
54
|
ELSA LLC
|
ELSA
|
|
55
|
ASLANYANNER LLC
|
ELITE SHINANYUT
|
|
56
|
UNIVERSAL PROJECT LLC
|
EUROBAZA
|
|
57
|
EUROSTAN-UYUT LLC
|
EUROSTAN-UYUT
|
|
58
|
ELZONE LLC
|
ELZONE
|
|
59
|
FULL HOUSE MARKET LLC
|
FULL HOUSE
|
|
60
|
FREENERGY LLC
|
FREENERGY
|
|
61
|
GAPEX LLC
|
GAPEX
|
|
62
|
GBU LLC
|
BEKO VANADZOR
|
|
63
|
GRAND SHIN LLC
|
GRAND SHIN
|
|
64
|
GAR GRIG LLC
|
TSIATSAN
|
|
65
|
ART GLOBAL LLC
|
ART GLOBAL
|
|
66
|
MARIAM GHARIBYAN A. PE
|
SHADE
|
|
67
|
GOR KARAMYAN S. PE
|
MIX ELECTRONICS
|
|
68
|
"GRIMAR GROUP" LLC
|
BEST ELECTRONICS
|
|
69
|
GSA LLC
|
GSA ELECTRONICS
|
|
70
|
ARSEN GASPARYAN H. PE
|
GYUGHTEKHNIKA
|
|
71
|
ARMAN HOVHANNISYAN M. LLC
|
GARANT
|
|
72
|
MAMIKON MARGARYAN H. PE
|
BEKO HRAZDAN
|
|
73
|
SMART LIVING LLC
|
DANUBE HOME
|
|
74
|
HEGHINE YEGHIAZARYAN H. PE
|
VAHRAMS SECOND
|
|
75
|
VAHAGN EVINYAN A. PE
|
HI FI ELECTRONICS
|
|
76
|
HRASHK GROUP LLC
|
SHKAFF
|
|
77
|
HAYK HASRTYAN P. PE
|
MONIKA FURNITURE
|
|
78
|
HAKSIL LLC
|
HAKSIL
|
|
79
|
HRASHQ AYGI LLC
|
HRASHQ AYGI
|
|
80
|
SAIAT SARDARYAN S. PE
|
ARMALIS
|
|
81
|
MOBLIOS LLC
|
HUAWEI
|
|
82
|
IM DAVO LLC
|
BEKO SEVAN
|
|
83
|
ISLUS LLC
|
ISLUS
|
|
84
|
IMEX GROUP LLC
|
IMEX GROUP
|
|
85
|
INTERSERVICE MEK LLC
|
INTERSERVICE MEK
|
|
86
|
ELEN ARAKELYAN A. PE
|
IPLUS
|
|
87
|
VLA IMPORTS LLC
|
ICE WATCH
|
|
88
|
JULIAR LLC
|
VLV SEVAN
|
|
89
|
JASMIN GROUP LLC
|
JASMINE
|
|
90
|
HOMEBASE LLC
|
JYSK
|
|
91
|
MOVSISYAN AMALYA Y. PE
|
BEAUTY GARDEN GYUMRI
|
|
92
|
ALEKSANYAN GARNIK PE
|
KAKADU
|
|
93
|
ARAYIK MARTIROSYAN K. PE
|
BEKO KAPAN
|
|
94
|
KAERKHER LLC
|
KAERCHER
|
|
95
|
KA AND KA LLC
|
KIT
|
|
96
|
KAHUYQI ASHKHARH LLC
|
KAHUYQI ASHXARH
|
|
97
|
VARDANYAN NELI R. PE
|
LIMA ELECTRONICS
|
|
98
|
VAHAGN KHACHATRYAN K. PE
|
LEV-VAG
|
|
99
|
HMAYAK STEPANYAN O. PE
|
LEADER
|
|
100
|
LEV-VAG LLC
|
LEV-VAG
|
|
101
|
ROBERT BATIKYAN E. PE
|
LYLY
|
|
102
|
PARVAN HOVHANNISYAN G. PE
|
LYLY
|
|
103
|
HAYK YEGHIAZARYAN T. PE
|
L&R
|
|
104
|
LIGHTNG LLC
|
LUYS
|
|
105
|
NORAYR SARGSYAN T. PE
|
LOUVRE
|
|
106
|
BADALYAN LUSINE H. PE
|
LV
|
|
107
|
DARF LLC
|
METS ANIV
|
|
108
|
MOBILIFE LLC
|
MOBILIFE
|
|
109
|
MYDAV LLC
|
VLV KAPAN
|
|
110
|
M-ELECTRONICS LLC
|
ELHOUSE
|
|
111
|
KHACHATRYAN MERI A. PE
|
SEVAN KAHUYQ
|
|
112
|
ASKHEN SARDARYAN PE
|
ARGAVAND KAHUYQ
|
|
113
|
MK GROUP LLC
|
KAHUYQ MALL
|
|
114
|
MELISA LLC
|
MELISA
|
|
115
|
BMS LLC
|
BMS
|
|
116
|
MEGALUXE LLC
|
MEGALUXE
|
|
117
|
MIRU LLC
|
MY NOTEBOOK
|
|
118
|
ARA BARSEGHYAN S. PE
|
NATURALGAS
|
|
119
|
NORAYR EV HRAYR BROTHERS PE
|
NORAYR HRAYR EXBAYRNER
|
|
120
|
KALASHYAN ROBERT H. PE
|
SADSHIN
|
|
121
|
NORIK HAKOBYAN H. PE
|
KAHUYQ
|
|
122
|
NAIRI PARSYAN M. PE
|
KAHUYQ
|
|
123
|
NOTESTORE LLC
|
NOTEBOOK CENTTRE
|
|
124
|
BARSIS LLC
|
NOR TUN
|
|
125
|
OPTIMUM ENERGY LLC
|
OPTIMUM ENERGY
|
|
126
|
KINETIC CJSC
|
ORANGE FITNESS
|
|
127
|
THE OHM ENERGY LLC
|
OHM ENERGY
|
|
128
|
EDGAR & NAZELI LLC
|
OJAKH
|
|
129
|
OKTO LLC
|
OKTO
|
|
130
|
SVETA SEROBYAN A. PE
|
ALL CELL
|
|
131
|
SMBAT PAPOYAN R. PE
|
OPTIMA
|
|
132
|
OSKAR ELECTRNOICS LLC
|
OSKAR ELECTRONICS
|
|
133
|
OTRE LLC
|
AUTRE
|
|
134
|
MY TECHNO LLC
|
PC
|
|
135
|
PC ELECTRONICS LLC
|
PC ELECTRONICS
|
|
136
|
ANZHELA GHARIBYAN S. PE
|
PC MOBILE
|
|
137
|
GHARIBYAN FELIKS E. PE
|
PLAZA PLUS
|
|
138
|
ELEN GHUSHCHYAN L. PE
|
PC ASHTARAK
|
|
139
|
PIXELS LLC
|
PIXEL
|
|
140
|
PLASMA VAN LLC
|
PLASMA ELECTRONICS
|
|
141
|
AGHABEKYAN SEYRAN V. PE
|
ABOVYAN SHIN
|
|
142
|
MUSHEGH GALSTYAN R. PE
|
R&R
|
|
143
|
ARSHAK HOVHANNISYAN V. PE
|
RESULT
|
|
144
|
KHACHATUR GEVORGYAN SH. PE
|
R&G, S&G
|
|
145
|
REZON LLC
|
REZON
|
|
146
|
RINO LLC
|
METS ANIV GHARABAGH
|
|
147
|
ROYAL STAR LLC
|
ROYAL STAR
|
|
148
|
NOTEBOOK STORE LLC
|
RED STORE
|
|
149
|
COMFORT R & V LLC
|
R&V COMFORT
|
|
150
|
SHAH LLC
|
REZON
|
|
151
|
SBS LLC
|
SBS
|
|
152
|
ANAHIT GEVORGYAN N. PE
|
SMART ELECTRONICS
|
|
153
|
SOLAR ENERGY SISTEM SOLUTIONS LLC
|
SOLARESS
|
|
154
|
SIGMA-ELECTRONICS LLC
|
SIGMA ELECTRONICS
|
|
155
|
SARIBEK GHAZARYAN A. PE
|
MS
|
|
156
|
PROFPANEL LLC
|
SOLARON
|
|
157
|
PLATFORM LLC
|
SMART ENERGY
|
|
158
|
SHINMOL LLC
|
SHIN MALL
|
|
159
|
SONET LLC
|
SONET
|
|
160
|
GSS LLC
|
GLOBAL SAVING
|
|
161
|
SERYOZHA HARUTYUNYAN N. PE
|
KAHUYQ
|
|
162
|
SOLAR GROUP LLC
|
SOLAR GROUP
|
|
163
|
RENEWABLE CAUCASUS CORPORATION LLC
|
SUNNY CITY
|
|
164
|
ECOVILLE LLC
|
ECO VILLE
|
|
165
|
MULTI SOLAR LLC
|
MULTI SOLAR
|
|
166
|
PROFIS GROUP LLC
|
PROFIS ENERGY
|
|
167
|
TERMOROS-AR LLC
|
TERMOROS
|
|
168
|
GARIK ANDREASYAN V. PE
|
TNA SHEN
|
|
169
|
ARSEN GRIGORYAN B. PE
|
TECHNO HOUSE
|
|
170
|
ARAYIK HOVSEPYAN E. PE
|
TECHNO HOUSE /ARARAT/
|
|
171
|
TOP-TECH LLC
|
TOP FLOOR
|
|
172
|
SHTIGEN LLC
|
SHTIGEN
|
|
173
|
NELLI VOSKANYAN A. PE
|
TH MOBILE
|
|
174
|
NAVASARDYAN TAMARA PE
|
TAMARA FURNITURE
|
|
175
|
ARMAN VOSKANYAN D. PE
|
TELEPHONE-MELEPHONE
|
|
176
|
HRANT GRIGORYAN LLC
|
TECHNO STORE
|
|
177
|
NAREK HOVSEPYAN B. PE
|
TSIATSAN
|
|
178
|
ARGAM AVETISYAN V. PE
|
SHEN TUN
|
|
179
|
UCOM CJSC
|
UCOM
|
|
180
|
ARTUR MARTIROSYAN Y. PE
|
ARTHUR SHIN
|
|
181
|
NIKKAR LLC
|
VESTA MARTUNI
|
|
182
|
VARDAZAR MKRTCHYAN L. PE
|
BEKO MARTUNI
|
|
183
|
VMH WOOD LLC
|
SALMAST
|
|
184
|
VEGA WORLD LLC
|
VEGA
|
|
185
|
DAVID MKRTCHYAN J. PE
|
VEGAS
|
|
186
|
VELHOFF LLC
|
VELOFF
|
|
187
|
ARSEN JILAVYAN V. PE
|
VAL-JOR
|
|
188
|
VANMETAGHAR LLC
|
KAHUYQ
|
|
189
|
VLV CENTRE LLC
|
VLV
|
|
190
|
VAHAN MARGARYAN H. PE
|
ARMALIS
|
|
191
|
VENUS EL LLC
|
VENUS
|
|
192
|
HAYR EV VORDI BEKNAZARYANNER LLC
|
VESTA PLUS
|
|
193
|
KALASHYAN VOLODYA A. PE
|
VOLODYA
|
|
194
|
VERSAL GROUP LLC
|
VERSAL
|
|
195
|
PRETTY WAY LLC
|
VESTA
|
|
196
|
ARMEN & ANUSHIK LLC
|
VESTA EGHEGNADZOR
|
|
197
|
AGEVART LLC
|
VLV ARMAVIR
|
|
198
|
VERTICAL LUXE SYSTEM LLC
|
SHEN SHEM
|
|
199
|
EDGAR MEDOYAN S. PE
|
VS GAS
|
|
200
|
SUSANNA GHAZANCHYAN Y. PE
|
WEST ABOVYAN
|
|
201
|
NEZHDIK TER-ABRAHAMYAN A. PE
|
WEST ABOVYAN
|
|
202
|
KAREN AYVAZYYAN A. PE
|
WOOD TOWN EA
|
|
203
|
WOOD TOWN-G LLC
|
WOOD TOWN
|
|
204
|
WATCH WORLD LLC
|
CHRONOGRAPH
|
|
205
|
SMART ORANGE AM LLC
|
XIAOMI
|
|
206
|
X-MOBILE LLC
|
X-TECHNICS
|
|
207
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VLV LLC
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VLV STEPANAKERT
|
|
208
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SOLAR SYSTEM LLC
|
SOLAR SYSTEM
|
|
209
|
ZIGZAG LLC
|
ZIGZAG
|
|
210
|
TEKHNIKAT LLC
|
Z-MIX
|
|
211
|
PLAZMA 99 LLC
|
PLAZMA SEVAN
|
|
212
|
Z S TOP LLC
|
SKILL AM
|
|
213
|
YAN SOLUTIONS AND CONSULTING LLC
|
EINHELL
|
|
214
|
V AND B STYLE CJSC
|
VILLEROY & BOCH SANITARY
|
|
215
|
MARSHALL LAND LLC
|
ANIVNERI ASHKHARH
|
|
216 |
QISVEL LLC |
VLV ECHMIATSIN |
|
217 |
FORTUNA BUSINESS SCHOOL LLC |
BUSINESS DEVELOPMENT GROUP |
|
218 |
BARSEGHYAN ANZHELA KARLEN PE |
VLV VARDENIS |
|
219 |
EUROENER LLC |
EUROENERGY |
|
220 |
A&A MUSIC LLC |
AKORD |
|
221 |
SOLAR HOUSE LLC |
SOLAR HOUSE |
|
222 |
SOLAR.AM LLC |
SOLAR.AM |
|
223 |
DONALDS GROUP LLC |
DONALDS ENERGY |
|
224 |
L&V LLC |
L&V |
|
225 |
GARIK HARUTYUNYAN M. PE |
SKS |
|
226 |
NAREK SMBATYAN A. PE |
MASTER |
|
227 |
GAGIK KARAPETYAN LLC |
VESTA SEVAN |
|
228 |
DIANA SHAHINYAN R. PE |
DESIGNO |
|
229 |
AM SOLAR ENERGY LLC |
AM SOLAR ENERGY |
|
230 |
MARIA NISIFOROVA PE |
BASE STUDIO |
|
231 |
CONTEXIM LLC |
ZVEREV BEAUTY SALON |
|
232 |
NAVAVAN LLC |
REIMA |
|
233 |
MISAK MOVSISYAN M. PE |
BEAUTY GARDEN |
|
234 |
COMPANY 1982 GROUP LLC |
VLV ARARAT |
|
235 |
TEREZA KANETSYAN M. PE |
BOMBUS |
|
236 |
ELPIANO LLC |
PIANO HOUSE |
|
237 |
VARDAN SAMVELYAN A. PE |
ARMADA MALL |
|
238 |
ALIK KHACHATRYAN V. PE |
FABRICA FURNITURE |
Other Terms of Lending
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Consumer finance is available at those stores with which the bank has executed a Cooperation Agreement.
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Consumer finance is provided just at the premises of Merchants.
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Consumer finance is provided to the individuals aged 21-65 and having Republic of Armenia citizenship for the purchase of consumer goods, such as household appliances, computer hardware, mobile phones, furniture, air conditioners, heating systems, solar panels, and other products and services.
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Amount of finance is transferred to the Merchant’s account based on the Customer’s instruction issued under consumer finance agreement.
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Approval/rejection and maximum amount of finance are subject to the Customer’s creditworthiness assessment.
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The credit may be rejected, if;
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The Customer has a bad credit history
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The presented data are not trustworthy
Interest Calculation
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Interest is calculated based on nominal interest rate and accrued to outstanding loan.
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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.
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No change of nominal interest rate by the bank is envisaged during the validity period of the agreement.
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Loan interest calculation example:
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Principal: AMD 200,000
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Interest rate: 24%
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Term: 12 months
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Credit account opening, management and servicing fee: 0%
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Monthly installment for this loan will be AMD 18,920.
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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
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If the Borrower fails to pay the loan when due, the following fines and penalties will be applied (for each day of delay):
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0.13% of Principal
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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 03.02.2021, 10:25
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