Credit Lines

Credit Lines

Get a profitable credit line with Visa or Mastercard credit card

Currency
֏, $, €
Interest rate
15-20%
Repayment term
Up to 60 months
Loan maximum amount
Up to 5 mln ֏

General

General
Tariffs
Documents
Credit Lines

Credit Lines

Spend as much as you need, pay the next month. With credit lines provided by IDBank you get up to four times your salary, which you can use to make payments with your Visa or Mastercard credit card.
If you repay the spent amount by the 15th of the following month, you do not pay any interest; after that the annual nominal interest rate for each day shall be applied.

Advantages

Up to 60 months repayment period

0% commission
The loan is provided without any commissions
Choice of currency
The loan is available in Armenian drams, EUR and US dollars
Up to 45 days grace period
Use the amount free of interest up to the 15th day of the following month.

Choose a loan

AMD
USD
Euro
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.

12 months 36 months
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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Credit Lines
Credit Lines
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
Rocket Line
Fast loan
Fast Credit Lines
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
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
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

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.

Credit Lines - Special offers
Type of loan
Credit line
Purpose
Other
Currency
AMD / USD / EUR
Minimum/maximum limit of the credit line
4 X net income:MasterCard Standard 200,000 - 1,500,000 AMD, 500 - 2,500 USD/EUR / MasterCard Gold 1,500,001-3,000,000 AMD, 2,501-5,000 USD/EUR / Visa Platinum, Visa Infinite 3,000,001 - 5,000,000 AMD, 5,001 - 8,000 USD/EUR
Annual nominal interest rate
AMD: 20%(MasterCard Standard), 20%(MasterCard Gold), 19%(Visa Platinum, Visa Infinite) / USD 18%(MasterCard Standard), 18%(MasterCard Gold), 17%(Visa Platinum, Visa Infinite) / EUR 16%(MasterCard Standard), 16%(MasterCard Gold), 15%(Visa Platinum, Visa Infinite)
Annual actual interest rate
AMD: 21.86% - 23.85%(MasterCard Standard), 22.04%-22.72%(MasterCard Gold), 21.22% -22.39%(Visa Platinum, Visa Infinite) / USD 19.62% -20.99%(MasterCard Standard), 19.81-20.49%(MasterCard Gold), 18.86% - 20.08%(Visa Platinum, Visa Infinite) / EUR 17.33% - 18.38%(MasterCard Standard), 17.59%-17.98%(MasterCard Gold), 16.55% - 17.81%(Visa Platinum, Visa Infinite)
Interest against unused part of funds
Not specified
Minimum term
12 months
Maximum term
60 months
Method of provision
Non-cash through payment card
Minimum monthly repayment amount
5%
Grace period
Up to 45 days. No interest will be calculated with regard to the part of the credit line used during the preceding month in non-cash method (other than card to card transfer, interbank and intrabank transfers within RA and among own accounts), if the customer repays the due amount before the 15th day of the current month
Method or repayment of the credit line and interest amounts
Monthly mandatory entries to the card account to be done before the 15th of the current month in the aggregate amount of interest given in point 11 hereof accrued to the sum used by the last day of the previous month and the accrued interest amount
TDI ratio (total debt (average monthly) to net income ratio)
45% - 55%
Security
Cash flows
Extension of credit line
1) The term of credit line can be extended by the Bank, according to the lending conditions as provided by the information bulletin of the current credit type, acting in the Bank as of the day of loan term extension, according to the Bank’s internal assessment. 2) The credit line of the client can be extended as a loan, by setting an equal repayment regime (annuity), according to the Bank’s internal assessment.
Status
RA citizen physical person
Eligible age
As of the date of application the borrower/guarantor must be at least 21, and maximum 65 by the maturity
Requirements to the credit history (good credit history)
1. no existing overdue /classified liabilities (loan, credit line, overdraft etc.) 2. the total days on overdue loans of the borrower throughout the year preceding the date of application (365 days) must not exceed 30 days, or 3. No credit history 4. The customer should not be included in the list of unwanted customers of the bank.
Requirements to the borrower’s income
The structure of income and its share are defined by Annex 1 hereto
Loan application processing fee
Not specified
Upfront fee
Not specified
Credit line monthly service fee
Not specified
Type of payment card
According to tariffs applicable for each type of card, available at Information bulletin of cards
Security
Not specified
On overdue credit line amount, daily
0.1%
On overdue interest, daily
0.1%
Early repayment fee
Not specified
Grounds on which early repayment of credit line may be required
1) The Bank may claim early repayment if: 2) The customer withholds from the payment card, 3) Information provided for the credit line is inaccurate or untrue, 4) Other grounds, according to the agreement
Positive factors for provision of the loan
5) compliance of the credit history with the terms of crediting, 6) Good solvency appraisal 7) enough cash flows
Why the credit line may be rejected
1) Bad credit history, 2) such information on the borrower, which rise suspicion to information provided/declared by the customer to the Bank 3) such information on the borrower, which rise suspicion to return of the loan, 4) insufficient level of cash flows 5) absence of email address of the client 6) other grounds
Maximum term for decision-making
Maximum 2 business days after submitting all necessary documents to the Bank
Maximum terms for giving notice to the customer
Maximum 1 business day after making decision. The borrower may be notified of the loan decision in the Bank’s premises, by phone call or e-mail
Maximum validity period
15 business days. The Bank has the right not to provide the approved loan during the validity term of the decision on the grounds specified in point 24 hereof
Term of providing the loan amount to the borrower
Date of signing the credit line agreement
Place of acceptance, registration and providing the loan application
All branches of the Bank
Documents to be submitted to the Bank by the Borrower
According to Annex 3
Required documents
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Information updated 18.03.2022 04:10
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