Loans secured by cash collateral and bonds

Loan type

Loan / Credit line

Purpose

Other

Currency

AMD

Maximum amount

AMD 250 000 000

Annual nominal interest rate

Single-currency loan-Interest paid on the deposit and/or the annual coupon rate of the bond + 3%

Multicurrency loan-Maximum annual interest rate of the Bank for AMD term deposit + 3%, minimum 12.5%

Annual effective interest rate

Single-currency loan: 8.28%-13.62%/12.79%-23.38%

Multicurrency loan: 13.20-15.62%/13.69%-23.38%

Annual interest rate accrued on the unused part of the credit line

Credit Line: 0%

Maximum term

Before the maturity date of the bond and/or deposit

Minimum term

2 month

Minimum amount

AMD 100,000

Repayment method

Loan: 1. Annuity – equal monthly payments,

2. discount – repayment of interest at the beginning of the term, and repayment of the principal amount at the end of the term

3. Spiral – equal monthly repayment of the principal amount, and monthly payments of interest,

4) preferential - interest payments are paid monthly, and the principal amount is paid at the end of the term.

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

Single-currency loan -95%

Multicurrency loan - 90% of the nominal amount of the pledged funds or bonds bonds in USD and EUR

70% of the nominal amount of the pledged funds or bonds in RUR

Disbursement method

non-cash through a current account

Credit Line: non-cash through a payment card

Security

funds invested in the Bank by the client or another person (individual, legal entity or individual entrepreneur), and/or the right of claim to funds and/or purchased bonds issued by “IDBank” CJSC

Extension of loan/credit line term

The term of the loan/credit line may be extended on the basis of an application submitted by the Client at least one business day before the end of the loan/credit line, in accordance with the conditions in force at the Bank on the date of extension, if:

1) in case of loans up to AMD 20 million the borrower should not have a delay of more than 3 (three) business days for classified or overdue loan liabilities at ID Bank as of the date of acceptance of the loan application.

2) In case of loans exceeding AMD 20 million

3) The borrower should not have a delay of more than 3 (three) business days for classified or overdue loan liabilities in the financial banking system of the Republic of Armenia as of the date of acceptance of the loan application.

The term of the loan/credit line can be extended maximum until the maturity date of the deposit and/or the bond.

Status

RA resident/RA non-resident physical entity

Age restriction

The borrower’s age must not be below 18 as of the date if acceptance of the loan application.

Requirement to the credit history (good credit history)

For loans up to AMD 20 million: The borrower should not have a delay of more than 3 (three) business days for classified or overdue loan liabilities at ID Bank as of the date of acceptance of the loan application. For loans exceeding AMD 20 million: The borrower should not have a delay of more than 3 (three) business days for classified or overdue loan liabilities in the financial and banking system of the Republic of Armenia as of the date of acceptance of the loan application.

Daily fine, penalty for overdue loan

0.1%

Daily fine, penalty for overdue interest amount

0.1%

Early loan repayment fine

Not defined

Grounds for requesting early repayment of the loan

The Bank’s competent body can request early repayment of the loan, if: - The information provided for receiving a loan are false or unreliable, - The client has a classification other than “standard” in terms of loan obligations in the RA financial-banking system, - The client refuses the payment card, - Other grounds according to the agreement.

Type of card

Payment cards of any type issued by the Bank, except for Mastercard Gold, Mastercard Standard and debit payment cards

Payment card tariffs

In accordance with the tariffs set by the Bank for specific payment cards available through the following link: Information bulletin of payment cards

Loan/credit line disbursement commission fee

Not defined

Rejection factors

1) bad credit history, 2) provision of false or unreliable information, 3) provision of such information which disputes the return of the credit line, 4) absence of email address of the client, 5) other factors

Extension factors

1) compliance of the borrower’s information with these lending conditions, 2) good credit history

Maximum term for making decision on loan/credit line disbursement

maximum 2 business days after submission of the required documents to the Bank

Term for notification about the decision

1 business day after the decision is made. The Bank can notify the client about the decision made on provision of the loan at the premises of the Bank, by a phone call or e-mail.

Loan/credit line disbursement term

1 business day after submission of the loan application except for card loans the term for which is 3 business days

Maximum decision validity term

15 business days

Place of accepting and processing loan/credit lineapplications

all branches of the Bank

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.

1

ATTENTION: INTEREST PAYMENTS ARE CALCULATED BASED ON THE NOMINAL INTEREST RATE. THE ANNUAL EFFECTIVE PERCENTAGE RATE INDICATES THE TOTAL COST OF THE LOAN TO YOU, INCLUDING INTEREST PAYMENTS AND ALL MANDATORY FEES RELATED TO THE ISSUANCE AND SERVICING OF THE LOAN, PROVIDED THAT ALL PAYMENTS ARE MADE IN THE AMOUNTS AND WITHIN THE TIMEFRAMES SPECIFIED IN THE LOAN AGREEMENT.

2

THE PROCEDURE FOR CALCULATING THE ANNUAL EFFECTIVE PERCENTAGE RATE IS PRESENTED WITH THIS LINK.

3

The Bank has the right to unilaterally amend the material terms of the loan, including the loan interest rate, or to require early partial or full repayment։ RULES FOR LENDING UNDER MASTER LOAN AGREEMENT CONCLUDED WITH “ID BANK” CJSC

4

A POOR CREDIT HISTORY MAY HINDER THE CUSTOMER’S ABILITY TO OBTAIN A LOAN IN THE FUTURE.

5

IN THE EVENT OF OVERDUE OBLIGATIONS, REPAYMENTS SHALL BE APPLIED IN THE FOLLOWING ORDER: EXPENSES INCURRED FOR DEBT RECOVERY, INCLUDING COURT COSTS (IF ANY), PENALTIES ON INTEREST, PENALTIES ON THE LOAN PRINCIPAL, INTEREST, SERVICE FEES AND COMMISSIONS (IF ANY), AND THE LOAN PRINCIPAL. THE BANK RESERVES THE RIGHT TO UNILATERALLY CHANGE THE ORDER OF REPAYMENT SPECIFIED IN THIS CLAUSE AT ANY TIME.

6

Disputes arising between the parties may be resolved through the courts or through the Financial System Mediator (in accordance with the procedure established by the RA Law on the Financial System Mediator), address: 15 M. Khorenatsi Street, Elite Plaza Business Center, 7th Floor, Yerevan 0010, Republic of Armenia, e-mail: [email protected], telephone: (+37460) 70-11-11, fax: (+37410) 58 24 21. Furthermore, if the amount of the property claim does not exceed AMD 250,000 (two hundred fifty thousand) or its equivalent in foreign currency, the decisions of the Financial System Mediator may not be challenged by the Bank.

7

The Bank may, for the purposes of customer due diligence as required by the RA Law on Combating Money Laundering and Terrorist Financing, request additional documents or information based on the “Know Your Customer” (KYC) principle.

8

Pursuant to the agreement concluded with the United States under the Foreign Account Tax Compliance Act (FATCA), the Bank may collect additional information to determine whether the customer is a U.S. taxpayer, as well as to provide the State Revenue Committee of the Republic of Armenia with information on customers who are foreign tax residents in accordance with the Common Reporting Standard (CRS) of the Organisation for Economic Co-operation and Development (OECD), as prescribed by the RA Tax Code.

9

THE BORROWER HAS THE RIGHT TO COMMUNICATE WITH THE BANK THROUGH THE METHOD OF THEIR CHOICE, EITHER BY POSTAL MAIL OR ELECTRONIC MEANS. RECEIVING INFORMATION ELECTRONICALLY IS THE MOST CONVENIENT OPTION. IT IS AVAILABLE 24/7, ELIMINATES THE RISK OF LOSING PAPER DOCUMENTS, AND ENSURES CONFIDENTIALITY.

10

DURING THE TERM OF THE LOAN AGREEMENT, INFORMATION ON THE TERMS FOR THE PROVISION OF STATEMENTS, DUPLICATE STATEMENTS, AND CERTIFICATES IS AVAILABLE AT THE FOLLOWING LINK: Tariff։

11

The list of the Bank’s branches and ATMs, as well as their addresses and business hours, is available at the following link: Branches and ATMs:

12

ATTENTION: WHEN APPLYING FOR A LOAN, THE LENDER WILL PROVIDE YOU WITH AN INDIVIDUAL SHEET OF THE ESSENTIAL TERMS OF THE CONSUMER LOAN, WHICH WILL PRESENT THE INDIVIDUAL TERMS OF THE LOAN TO BE PROVIDED TO YOU.

13

WARNING: YOUR PROPERTY (HOME, VEHICLE, OR OTHER ASSETS) MAY BE SEIZED IN ACCORDANCE WITH THE LAW IF YOU FAIL TO MAKE TIMELY PAYMENTS OF INTEREST AND REPAY THE LOAN AMOUNT.