Consumer loan

Consumer loan

Get mortgage loans with or without your income proof

Currency
֏
Interest rate
13,50%-18% ֏
Repayment term
Up to 120 months
Loan maximum amount
Up to 125 000 000 ֏

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.

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Rocket Line
Get now, pay in 1, 2, 3 or 6 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

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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

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Fast loan
Fast loan within a few minutes

Express provision
The loan is being approved within a few minutes
Choice of currency
The loan is available in Armenian drams and US dollars
Providing card free of charge
The Borrowers receive ArCa Classic card free of service fee

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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 financial assets
Bond secured loans
Refinancing loans secured with real property
Starting from 3.04 %
The loan is provided in the same currency in which the deposit
The maximum loan amount is 100,000,000 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 10,5%
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

Special offer

Rocket Line and Rocket Line 0%

Enjoy Rocket Line digital credit now, pay later, without a clear schedule. Rocket Line is a pre-approved limit - maximum 10,000,000 AMD, which you can use for non-cash payments. Your credit obligation will be in the amount used only, starting from the time you began to use the money. Rocket Line is available for Idram&IDBank Premium Plus users who have synchronized Idram and IDBank accounts. See your limit in IDBanking.am, Idram&IDBank application or Idram.am website. You can use Rocket Line 0% when making payment with hundreds of partners, without any interest rate or additional payment.

Consumer loan - Special offers
Purpose
other
Currency
AMD, USD
Security
Dwelling, public, commercial real estate
Annual interest rate (nominal and actual): Fixed interest rate for the whole period
AMD: Nominal:For income – based loans-16.50%-18%/17% -18%, For loans not based on income-16.50%-18% / Actuals-20.08% - 23.44%/21.15% - 23.74%, For loans not based on income-20.08% - 23.44%. USD: Nominal:For income – based loans-12.50% -14%/14%-15.5%, For loans not based on income-12.50% -14% / Actuals-15.67% - 20.14%/17.81% - 22.29%, For loans not based on income-15.67% - 20.14%
Annual interest rate (nominal and actual): Fixed interest rate for the first 24 months, floating rate from the 25th to the 120th month
AMD: Nominal:For income – based loans-13.5% - 16.5%/3.4% - 6.4%, For loans not based on income-14% - 17%/3,9% - 6.9% / Actuals-16.94% -21.05%, For loans not based on income-17.41% - 21.89%. USD: Nominal:For income – based loans-10.5% - 12.5%/6.4% - 8.4%, For loans not based on income-12% - 14%/7.9% - 9.9% / Actuals-13.38% - 19.21%, For loans not based on income-15.36% - 21.50%
Minimum maturity
For loans with fixed rates: 60 months. For loans with floating rates: 36 months
Maximum maturity
84 months for loans with fixed rates, 120 months for loans with floating rates
Minimum amount
AMD 2,500,000 or 3,000 USD
Maximum amount
AMD 125,000,000 or 25,000,000 AMD,250,000 USD or 50,000 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.
TDI 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
Security
Dwelling, public, commercial real estate
Collateral
Real estate (dwelling, public, commercial) within the territory of RA, including separate land lot with the residential target use and must be located in Yerevan city
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
Accident death insurance and insurance for disablement of the borrower
May be required by the Bank
Collateral insurance
May be required by the Bank
Loan application processing fee
Not specified
Loan disbursement fee (deducted from the loan amount at the moment of disbursing the loan)
1,5%/2%
Monthly loan service fee calculated to the balance of the loan
0.10%
Bank account opening/closing fee
According to the rates applicable by the Bank available by the following link: Information bulletin for loans
ash withdrawal fee (for loans provided without payment cards)
Not specified
Payment card rates
According to the rates applicable by the bank at information bulletin, except for fee for permanent or temporary revision of the limits, which is 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
Why the loan may be rejected
1) Bad 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) Other factors
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: interest rate specified by table 1, less 1 percentage point / USD: interest rate specified by table 1, less 0.5 percentage point
Annual actual interest rate
AMD: 13.24% - 19.30% / USD: 11.69% - 18.43%
Target group of borrowers
45.1. Transfer of existing liability/liabilities secured with movable or immovable property and maintained at other banks/credit organizations for at least 12 months, with the opportunity to increase the amount. 45.2. financing those customers, who had loans secured with real estate and maintained at other banks/credit organizations for at least 12 months, the final repayment of which was during 6 months preceding the application. 45.3. financing those customers, who had loans secured with real estate and served at the Bank for at least 12 months, the final repayment of which was during 6 months preceding the application. In cases provided by points 45.1, 45.2 and 45.3 hereof: 1) Re-financing can be affected on the name of parties affiliated with the borrower. In the terms of this document the affiliated party shall mean father, mother, children, spouse, sister or brother of the borrower. Moreover, the Bank has the right to request a document confirming such affiliation (such document includes marriage certificate, birth certificate, etc.). 2) “Loan maintained at least 12 months” can be understood the aggregate term of service in different banks/credit organizations. 3) In the event of transferring the loan within maximum 30 days after taking the decision on approval of the extension of the loan the Customer may repay the loan to be transferred on his own means and transfer the loan without the subsequent collateral.
Other requirements
In cases provided by points 45.1, 45.2 and 45.3 hereof: -- In cases stipulated by clause 45.1 hereof the number of past due days of the customer’s loans during the most recent 24 months preceding the date of application should not exceed 50 days and aggregate on transferred loan(s) – 10 days. -- In cases stipulated by clauses 45.2 and 45.3 hereof aggregate past due days on repaid loan secured with real property during the most recent 24 months of loan service 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. No fee shall be charged for the reference, in the case of execution of the fee for unified reference issued by the Real estate Cadaster State Committee of the RA Government and the fee for registration of the title of the Bank resulted from the pledge agreement in the state competent auth through ARPIS software applicable by the Bank. The abovementioned pledge related costs may be borne either by the client or by the Bank. Moreover, in the event the costs are borne by the Bank, if the client fully repays the loan before the maturity within 24 months following the transfer, the borrower will refund the costs provided by this clause borne by the Bank.
Required documents
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Information updated 18.03.2022 04:11
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