Loan type
Loan / Credit line
Currency
Currency of pledged monetary funds
Maximum amount
AMD 100,000,000 or USD 200,000 or EUR/RUR 15,000,000
Annual nominal interest rate
Deposit interest +2%
Annual effective interest rate
AMD: 3.04% - 12.13%/3.57% - 16.86%, USD: 2.79% - 14.40%/2.79% - 11.16%, EUR: 2.54% - 12.14%/2.54% - 8.95%, RUB: 3.83% - 16.71%/3.57% - 13.41%
Annual interest rate accrued on the unused part of the credit line
Credit Line: 0%
Maximum term
Deposit term
Minimum amount
AMD 100,000 or its equivalent in a foreign currency
Repayment method
Loan: 1. Annuity – equal monthly payments, 2. Privileged – payment of interest amounts on a monthly basis, and payment of principal amount at the end of term 3. Flexible – equal monthly payments of principal amount, payment of interest amounts on a monthly basis. / Credit line: 1. Repayment of interest before the 15th day of each month in the aggregate amount of interest accrued as of the 1st day of the same month. 2. Repayment of principal amount at the end of term.
Grace period for credit line repayment
Credit Line: Up to 45 days, no interest is calculated towards non-cash amount used from the credit line during the previous month (except for card to card transfers, intrabank and interbank transfers on the RA territory and transfers between own accounts) if the client makes repayment of the used parts of the credit line before the 15th day of the current month
Minimum/maximum amount of monthly repayment of credit line
Not defined
Maximum loan/collateral ratio
95%
Disbursement method
Loan: AMD loans are provided non-cash through a current account. foreign currency loans are provided non-cash through a payment card / Credit Line: non-cash through a payment card
Security
Monetary funds and/or other funds invested by the client or other entity (physical, legal or PE) in the Bank and/or right of claim for such monetary funds
Extension of loan/credit line term
The loan/credit line term can be extended based on the client’s application submitted at least one business day prior to the maturity term of the loan, in accordance with the conditions applied to the given loan type at the Bank as of the extension date, if the client: 1) Has no overdue obligations in terms of loan obligations at the Bank, and 2) The class of the client’s loans at the Bank is “Standard” as of the extension date.