Credit Lines

Type of loan

Credit line

Purpose

Other

Currency

AMD

Minimum/maximum limit of the credit line, fourfold net income

MasterCard Standard 200,000 - 1,500,000 AMD

MasterCard Gold - 1,500,001-3,000,000 AMD

Visa Platinum, Visa Signature, Visa Infinite 3,000,001 - 5,000,000 AMD

Annual nominal interest rate

20% (MasterCard Standard),

20%(MasterCard Gold),

19%(Visa Platinum, Visa Signature, Visa Infinite)

Annual actual interest rate

21.86% - 23.85% (MasterCard Standard),

22.04%-22.72% (MasterCard Gold)

21.22% -22.39% (Visa Platinum, Visa Signature, 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

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.