Terms
tariffs
Purchase of a vehicle from the primary market for personal use and/or taxi service
Resident individuals aged 18-65*
AMD
12 months
84 months For personal use
60 months For taxi service
14,75% For personal use
(adjustable)
16% For taxi service
(fixed)
15,8-17,29%
AMD 2,000,000
AMD 30,000,000
Vehicle to be purchased
OTI≤60%
100%
The Bank provides insurance coverage for pledged car is for the entire term in the amount of the loan balance
In case of a down payment of 50% or more, proof of income may not be required, and the annual nominal interest rate of the loan shall go up 1 percentage point.
Non-cash, lump sum
Annuity/Differentiated
Equal monthly payment of principal and interest/Equal monthly payment of principal
The Bank may require a guarantee from an individual/legal entity (by decision of the authorized body approving the loan)
At the time of loan issuance, existing loans and guarantees provided against the obligations of other persons must not be overdue or classified as controlled or under stricter categories. The total number of days past due for all (repaid and current) loans during the last 12 months must not exceed 30 calendar days.
Borrower's ID, Public Services Number
A certificate provided by the car showroom regarding the description and value of the vehicle being purchased
Marriage certificate (if married) or statement on not being married
If married, spouse's ID
Document confirming payment of down payment
Certificate of registration of the right to pledged car from the Records and Examination Division
Document provided by the car showroom confirming that the vehicle has passed customs clearance
After loan approval
Copy of vehicle registration certificate in the borrower's name
Certificate of title to the vehicle in the borrower's name
Certificate of registration of the right to pledge of the vehicle from the Yerevan Records and Examination Division
None
None
0,1% daily
0,13% daily
Fees for registration of rights arising from agreements (purchase and pledge of a car) with the competent state authority – AMD 2,000
Fees for registration of title and state duties - AMD 23,000
Regardless of the rates specified in these terms, fees for services provided by third parties may change.
* The age of the borrower/pledgor as of the end of the loan term shall not exceed 65 years. If the age exceeds 65 years, the loan will be provided with the involvement of a co-borrower/guarantor, whose age at the end of the loan term shall not exceed 65 years as well.