General
Advantages
You may be interested in
You may be interested in
You may be interested in
You may be interested in
Compare products
Rocket online loan
Loan approval takes up to 5 minutes
You should apply online to get the limit without visiting the Bank and without any documentation
There is no need to submit any documents
The loan is provided without any commissions
Rocket Line
Fast Credit Lines
Fast loan
Profi
Get or increase your limit without visiting the bank
There is no need to submit any documents or conclude an agreement
The loan is provided without any commissions
Loan approval takes up to 5 minutes if you apply online
Use the amount without paying interest before the 15th day of the following month
The loan is provided without any commissions
The loan is being approved within a few minutes
The loan is available in Armenian drams and US dollars
The Borrowers receive ArCa Classic card free of service fee
The loan is provided without any commissions
Use the amount free of interest up to the 15th day of the following month.
Maximum loan amount is 10 000 000 AMD
Interest rate is lower than for the other credit lines - 15-16 % only
The loan is provided without any commissions
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. "
Type
Loan
Purpose
Consumer loan
Currency
AMD
Minimum loan amount
100,000
Maximum loan amount
For customer with credit history: 10,000,000. / For customers with no credit history: - Sixfold fixed net income, provided that the fixed net income of the customer (salary and equivalents) is lessthan AMD 280,000, - Eightfold fixed income, maximum AMD 10,000,000, provided that the fixed net income of the customer (salary and equivalents) is AMD 280,000 and over
Annual nominal interest rate
For customers with credit history: 19.9%-21.7%. / For customers with no credit history: 21.7%
Annual actual interest rate
For customers with credit history: 21.82% -23.99% / For customers with no credit history: 23.99%
Minimum loan maturity
12 months
Maximum loan maturity
60 months
Method of disbursement
Noncash through current account
Loan and interest repayment method
Annuity method
Security
1. Credibility score, 2. Cash flows
Loan application review fee
Not specified
Loan disbursement lump up fee
Not specified
Loan account service fee
Not specified
Opening of current account and loan withdrawal fee
Free
Insurance
Not required
Status
RA citizen physical entity
Age eligibility
The borrowers hould be at least 21 years old as of the date of application, and maximum 65 years old by the maturity date
Requirements to the credit history of the borrower
1. The customer must have a good credit history, or. 2. In case the customer has no credit history, he/she must be a registered employee for at least 6 month period preceding the date of providing the loan. 3. The customer should not be included in the list of unwanted customers of the bank
Overdue loans, per day
0.1%
Overdue interest, per day
0.1%
Early repayment fee
Not specified
Grounds, on which the Bank may require early repayment of the loan
The Bank may require early repayment of the loan, if: 1) Information presented for the loan is false or inaccurate, 2) Obligations provided by the agreement failed to be performed, 3) Other grounds, according to the agreement
Positive factors for provision of the loan
1) Good credit history, 2) Good Score, 3) Enough cashflow
Rejection factors
1) Bad credit history, 2) Bad score 3) Insufficient cashflows, 4) Providing false or unreliable information, 5) Providing information that doubts the returnof the loan, 6) absence of email address of the client, 7) Other factors
Maximum decision-making term
Up to 5 minutes
Customer notification term (on the decision made with respect to the loan)
Up to 5 minutes
Maximum validity terms of decision
Up to 5 minutes
Venue where applications are accepted, processed and loan is provided
idbanking.am online system and idram mobile application
No upfront fee and service fee is charged for Instant Rocket Loan.
Yes, you can: by selecting the “Get Instant Rocket Loan” button in the application, you will become a customer of the Bank in just a few steps, after which you will have the opportunity to get an instant loan.
Dear customer, the Bank’s mobile banking is in the Idram & IDBank application, so you need to download the Idram & IDBank application from the App Store or Play Store, click the “Get Instant Rocket Loan” button, after which the system will automatically take you to the synchronization process - identification, which, if successful, will take you to the next page to get the loan.
The loan can be received in Armenian drams.
Yes, you will receive the payment schedule and the loan agreement on your email registered in the Bank. There is no need to visit a bank.
The loan amount is transferred to IDBank current account, from which you can transfer it to any other IDBank account. All this can be done both through IDBanking.am platform and Idram & IDBank application without any commission.
Что для вас самое главное в банке?
