General
Advantages
Get a loan or credit line up to the amount of your deposit
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Loans secured by financial assets
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
Consumer loan
Bond secured loans
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
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
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.
Loan type
Loan / Credit line
Purpose
Other
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 term
1 month
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.
Status
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 or its equivalent in a foreign currency: Absence of overdue/classified obligations at IDBank as of the date acceptance of the loan application, For loans exceeding AMD 20 million or its equivalent in a foreign currency: Absence of overdue/classified obligations in the RA financial-banking system 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
Any type of payment card issued by the Bank except for Visa Classic and Visa Gold types, according to client’s wish.
Payment card tariffs
according to Bank tariffs for the given type of card which can be found at the following link: Information bulletin on cards
Loan cash withdrawal fee from bank account
Not defined
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
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