Consumer loan

Consumer loan

Get mortgage loans with or without your income proof

Currency
֏, $
Interest rate
11-18%
Repayment term
Up to 120 months
Loan maximum amount
Up to 125,000,000 ֏/250,000$

General

General
Tariffs
Documents
Consumer loan

Loans secured with real estate

Get a loan of up to 125,000,000 AMD secured with your real estate, both with and without proof of income.
You can get a loan up to 70% of the value of the pledged property. Both fixed and floating interest rate repayment option may be applied.
The loan is provided for up to ten years. You can get it in AMD, in cash, or in USD, non-cash.

Advantages

0% commission
The loan is provided without up- front fee
Choice of currency
The loan is available in Armenian drams and US dollars
Fixed and floating interest rate
The borrower chooses the repayment option convenient for him
High limit
The maximum loan amount is 125,000,000 AMD
Providing a credit line
Up to 5% of the loan, not more than 5,000,000 AMD
Rocket Line
Provided to the borrower in the amount of up to 10 000 000 AMD

Choose a loan

AMD
USD
Loan ammount

You need to choose the loan amount you prefer from the scale below.

I AMD
Loan term, months

You need to choose the loan term that you prefer from the scale below.

36 months 120 months
Type of pledge
Payment method

fixed monthly installments, where the monthly payment throughout the repayment period remains the same and consists of a portion of loan and a portion of interest.

This calculation is informative character and can be changed.

You may be interested in

Rocket Line
Get now, pay over 60 months

Online approval
Get or increase your limit without visiting the bank
0 documenting
There is no need to submit any documents or conclude an agreement
0% commission
The loan is provided without any commissions

You may be interested in

Rocket online loan
Get a loan of up to 10 million AMD at a rocket speed

Express provision
Loan approval takes up to 5 minutes
Online approval
You should apply online to get the limit without visiting the Bank and without any documentation
0 documenting
There is no need to submit any documents

You may be interested in

Rocket loans/credit lines
Rocket loans/credit lines within a few minutes

Express provision
The loan is being approved within a few minutes

You may be interested in

Fast Credit Lines
Fast credit lines

Express provision
Loan approval takes up to 5 minutes if you apply online
Up to 45 days grace period
Use the amount without paying interest before the 15th day of the following month
0% commission
The loan is provided without any commissions

Compare products

Consumer loan
Consumer loan
The loan is available in Armenian drams and US dollars
Up to 5% of the loan, not more than 5,000,000 AMD
The borrower chooses the repayment option convenient for him
The loan is provided without up- front fee
The maximum loan amount is 125,000,000 AMD
Loans secured by cash collateral and bonds
Bond secured loans
Refinancing loans secured with real property
Starting from 2.28 %
The maximum loan amount is 250,000,000 AMD
Use the money free of interest until the 15th of the following month
Starting from 6.8 %
The loan is provided in the same currency in which the deposit
Use the money free of interest until the 15th of the following month
Starting from 7,5%
The loan is available in Armenian drams and US dollars
The loan is provided without up- front fee
The maximum loan amount is 125,000,000 AMD/250,000 USD

Special offer

Rocket Line and Rocket Line 0%

Enjoy Rocket Line digital loan of up to 10 million AMD through Idram&IDBank app or IDBanking.am platform. Get now, pay over 36 months. Moreover, you can use Rocket Line 0% when making payment with hundreds of partners, with an actual interest rate of 0% and without additional fees.

Consumer loan - Special offers
Purpose
other
Currency
AMD, USD
Security
residential, public, commercial real estate
Annual interest rate (nominal)
Fixed interest rate for the first 24 months and floating interest rate from 25 to 120 months

For income – based loans/AMD-14.5%-17.5% /Floating interest rate: IBRR + /5.2%-8.2%/

For loans not based on income/AMD- 15% -18% /floating interest rate: IBRR1 + /5.7%-8.7%/,

For loans not based on income/USD -12.5%-14.5% /Floating interest rate: IBRR 1 + /8.6% - 10.6%/

For loans based on income/USD-11-13% /Floating interest rate: IBRR1 + /7.1% - 9.1%/
Annual interest rate(effective)
Fixed interest rate for the first 24 months and floating interest rate from 25 to 120 months

For income – based loans/AMD-16.91% - 21.58%

For loans not based on income/AMD- 17.60 - 22.19%,

For loans not based on income/USD - 15.04% - 21.36%

For loans based on income/USD- 13.19% - 19.54%
Minimum term
36 months
Maximum term
120 months
Minimum amount
AMD 2,500,000 or 3,000 USD
Maximum amount
AMD 125,000,000 or 250,000 USD
Rocket Line
maximum 10,000,000 AMD
Credit line
Up to 5% of the loan, not more than 5,000,000 AMD. Define the remaining terms of the credit line in accordance with the Information bulletin on Credit Lines
How the loan is provided
For loans in AMD - through current account. For loans in foreign currency – non-cash, through ArCa Classic, MasterCard Standard, MasterCard Gold and Visa credit cards issued by the Bank.
Repayment of loan and accrued interest
Monthly payments in equal parts, annuity method
Status
Individual – RA citizen
Age restrictions
The borrower must be at least 21 and as of the date of loan application and not have exceed 65 by maturity. (The age limit requirement does not apply to the co-borrower if the borrower's (other co-borrower's) financial condition without the co-borrower (co-borrowers) satisfies the repayment of the loan or the loan is provided without substantiation of income)
Requirements to the credit history
-no existing overdue/ classified obligations (loan, credit line, overdraft, guarantees, etc.). -no credit history. - The customer should not be included in the list of unwanted customers of the Bank.
OTI ratio (total debt (average monthly) to net income ratio)
AMD up to 65%/ USD up to 60%
Structure of income and the maximum ratio thereof
According to Annex 1
Collateral
Residential /public/ commercial real estate located on the territory of the Republic of Armenia, including a separate land plot – settlements of designated purpose located in Yerevan,
Pledgor
Any individual or legal entity (in the case where the pledgor is a legal entity, it should have state registration in RA)
Appraisal of a subject of collateral
The subject of collateral must be appraised by specialized organizations partners of the Bank, the list of which is available by the following link: List of appraisal companies
Minimum requirements to the subject of collateral
1. The real estate should have masonry, panel or reinforced structure (except for the dividing walls and covers between the floors). 2. The real estate should not be public housing, or located on the territory occupied by other constructions – dormitory. 3. The real estate must not be located on the territory of exclusive public interest. 4. The private house must not have general yard area, general or common property with the other properties
Insurance of the borrower against death and permanent disability resulting from accidents
May be required by the Bank
Insurance of the subject of pledge
May be required by the Bank
Loan application processing fee
Not specified
One-off loan disbursement fee (charged from the contractual loan amount at the moment of the loan disbursement)
NE
Monthly loan service fee calculated for the loan balance
0.1%
Bank account opening/closing fee
In accordance with tariffs in force at the Bank, available through the following link: Information Bulletin on Tariffs
Commission for encashment of loan amount (for loans issued without payment cards)
Not specified
Payment card fees
In accordance with information bulletins for the cards valid in the Bank, except for the commission for temporary or permanent revision of limits, defined free of charge.
To the overdue loan, daily
0.10%
To overdue interest, daily
0.10%
Early repayment fee
Not specified for loans in the amount of up to 15,000,000 AMD (inclusive) or equivalent in foreign currency. For loans equal and above 15,000,000 AMD or equivalent in foreign currency – 3 % of the early repaid amount, if such early repaid amount exceeds aggregate of principal amount for the 6 months following the date of early repayment, as provided by the repayment schedule.
Main credit agreement
The Bank may sign main credit agreement with the client with 180 months maturity and in the amount equal to 100 % market value of the real estate
Positive factors based on which the loan may be extended
1) Good credit history, 2) Stable cash flows, 3) compliance of the subject of collateral with the requirements of the Bank 4) Other factors
Negative factors for the loan decision-making
1) negative credit history, 2) Incompliance of the collateral with the requirements of the Bank 3) provision of false or unreliable information, 4) provision of such information, which rise suspicion to the return of the loan, 5) absence of email address of the client, 6) negative credit history of the person affiliated with the client, if the Bank considers that the client's income can be used to fulfill the obligations of the affiliated person or the income of the affiliated person can be used to fulfill the obligations of the client
Maximum term of taking decision
Maximum 2 business day after submitting all required documents to the Bank
Maximum terms for giving notice to the customer
1 business day. The borrower may be notified of the loan decision in the Bank’s premises, by phone call or e-mail
Maximum validity period
30 business days.Within three months after the expiration date of the approved loan decision, the loan decision can be reaffirmed without submitting an additional application, unless the credit history and income of the borrower (co-borrower) and family members have not changed significantly.If necessary, the Bank may require to update the documents substantiating the income.
Term of loan disbursement
1 business day after submitting document, which confirms the right with regard to the collateral
Place of acceptance, registration and providing the loan application
All branches of the Bank
The list of documents to be submitted by the Customer to the Bank
According to Annex 2
Annual nominal interest rate
AMD: Current interest rate of the loan, reduced by up to 2 percentage points (in case of loan refinancing in the same currency) but no less than:

For stated income loans - 13.5% (where Rocket Line is provided) and 14% (where Rocket Line is not provided)

For self-certified loans - 14%

USD: Current interest rate of the loan reduced by up to 2 percentage points (in case of loan refinancing in the same currency):

In case of mortgage loan refinancing – IBRR 2 + minimum 3.6%

In case of consumer loan refinancing - IBRR 2 + minimum 4.6%
Effective annual interest rate
AMD:From 14.38%

USD: From 7.76%
Type of the interest rate
AMD:Fixed interest rate for the first 24 months and floating interest rate starting from the 25th month

USD/Floating interest rate for the entire term of the loan
Target group of borrowers
54.1. transfer of an existing liability/liabilities secured by movable or immovable property serviced for at least 12 months in other banks/lending organizations, with the possibility of increasing the amount,

54.2 granting loans to those clients, who had a loan secured by real estate serviced in other banks/lending organizations for at least 12 months, with a final repayment within 6 months preceding the moment of applying for a loan.

In cases stipulated by clauses 54.1 and 54.2 of these terms and conditions:

1) 1) Loans can be refinanced to persons affiliated with the borrower. For the purposes of these terms and conditions, an affiliated person is father, mother, child, spouse, sister, brother of the borrower. In this case, the Bank may require a document certifying the kinship (marriage certificate, birth certificate, etc.)
Other requirements
In cases stipulated by clauses 54.1 and 54.2 of these terms and conditions:

In the cases specified in clause 54.1 of these terms and conditions, the total amount of overdue days on the client's loans during the last 24 months preceding the submission of the loan application should not exceed 50 days, and for the transferred loans - 10 overdue days,

- In the cases specified in paragraph 54.2 of these terms and conditions, the total amount of overdue days on a repaid loan secured by real estate in the case of loan servicing for the last 24 months should not exceed 20 days.

- loans transferred during the most recent 3 months preceding the application date should be classified as “Standard”
Loan application processing fee
Not specified
Up-front fee
Not specified
Monthly service fee
Not specified
Pledging related costs
Costs to be borne by the Bank for executing the pledge for loans exceeding AMD 4,000,001/equivalent in foreign currency.

- Collateral appraisal fee (appraisal is not required if the property pledged at the Bank was appraised during the most recent 12 months, or any other banks/financial organizations during the most recent 6 months preceding the date of application by one of the appraising companies – partners of the Bank).

- fee for unified reference issued by the Real estate Cadaster State Committee of the RA Government ,

- Fee for notarization of real estate, subject of collateral.

- Fee for registration of the title of the Bank resulted from the pledge agreement in the state competent authority.

*The fee for a Unified Reference issued by the State Committee of the Real Estate Cadastre adjunct to the Government of the Republic of Armenia and the fee for registration of the Bank's right arising from the Pledge Agreement, in case of registration through the ARPIS program operating in the Bank, shall not be charged.

If the pledge-related expenses are covered by the Bank, and the borrower repays the loan in full ahead of the schedule within 24 months following the transfer, the borrower reimburses the expenses incurred by the Bank specified in this clause.
*
** Other conditions of loan refinancing not specified in clauses 47-58, are regulated under clauses 1-46 of these terms and conditions.
Information regarding credit history and credit score
You can learn about the importance of credit history and credit score here․

Details via abcfinance.am and acra.am links.

Tariff archive

Tariffs valid from 19․09․22-15․02․23
418.80 KB
Required documents
136.92 KB

Apply now

Up to 120 months repayment period
Credit line provision

Code
+374 (Armenia)
+375 (Belarus)
+7 (Russia)
+32 (Belgium)
+1 (USA)
+1 (Canada)
+49 (Germany)
+86 (China)
+995 (Georgia)
+380 (Ukraine)
+33 (France)
+39 (Italy)
+34 (Spain)
+971 (UAE)
+44 (United Kingdom)
Branch
Vanadzor branch
"Echmiadzin” branch
Davtashen branch
Gyumri branch
IDBank Head Office
Abovyan branch
“Vardanants” branch
"Shengavit" branch
"Nor Nork" branch
"Malatia" branch
"Centre" branch
"Baghramyan" branch
"Arabkir" branch
"Erebuni" branch
© 2024 All rights reserved by IDBank
/THE BANK SUPERVISED BY THE CENTRAL BANK OF ARMENIA/
Information updated 04.08.2023 04:02
Developed inNew Site