Terms
tariffs
Consumer loan
Refinancing (2)
Individuals aged 18-63*, who are registered in the Republic of Armenia
Documented income
Income verification is not required if the refinanced loan has been serviced for at least 12 months, and the total number of days past due on 1 loan does not exceed 5 days throughout the indicated period
AMD
100,000-15,000,000 AMD
1-60 months
13% - 21,0%
13,81% - 23,1%
≤ 60%
No OTI ratio is calculated
Annuity
(equal monthly payment of principal and interest)
Non-cash
None
None
None
0,1% daily
0,13 % daily
Individuals who are owners or co-owners of real estate or are registered employees
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. Days past due (repaid and existing) for all loans during the last 12 months must not exceed 30 calendar days, and in the case of refinancing, 15 calendar days.
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.
3-6 months
The basis is the net salary amount provided by Nork (3) Information and Analytical Center, and where the salary is not registered with Nork Information and Analytical Center, the basis is a 6-month bank statement, contract or tax reports.
1. If at the end date of the loan the borrower is over 63 years old, the loan application may be considered upon availability of a co-guarantor.
2. Credit lines/overdrafts, loans secured by gold collateral are not refinanced.
3. The information provided by Nork Information and Analytical Center may be considered if the data has been updated during the calendar month preceding loan review.
! Before signing the agreement, the Bank will submit to you and the guarantor an Individual Consumer Loan Key Fact Statement that summarizes essential terms of the loan to be extended to you.