Fast Credit Lines

Fast Credit Lines

Fast credit lines

Currency
֏
Interest rate
19% - 21%
Repayment term
Up to 36 months
Loan maximum amount
Up to 10,000,000 ֏

General

General
Tariffs
Documents
FAQ
Fast Credit Lines

Fast credit lines

Get a fast credit line, which is provided without collateral, just on the basis of your income. To get a credit line, you need to have a good credit history and an appropriate credit score.
Credit lines are provided with up to 45 days grace period. This means that when you use the credit line during a month, you can repay your obligations by the 15th day of the following month. In that case you do not pay any interest rate.
The loan is provided non-cash through a payment card.

Advantages

0% commission
The loan is provided without any commissions
Express provision
Loan approval takes up to 5 minutes if you apply online
Up to 45 days grace period
Use the amount without paying interest before the 15th day of the following month

Choose a loan

AMD
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.

18 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
Get a profitable credit line with Visa or Mastercard credit card

Up to 45 days grace period
Use the amount free of interest up to the 15th day of the following month.
High limit
Maximum loan amount is 10 000 000 AMD
Low interest rate
Interest rate is lower than for the other credit lines - 15-16 % only

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Fast loan
Fast loan within a few minutes

Express provision
The loan is being approved within a few minutes
Choice of currency
The loan is available in Armenian drams and US dollars
Providing card free of charge
The Borrowers receive ArCa Classic card free of service fee

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Rocket Line
Get now, pay in 1, 2, 3 or 6 months

Online approval
Get or increase your limit without visiting the bank
0 documenting
There is no need to submit any documents or conclude an agreement
0% commission
The loan is provided without any commissions

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Rocket online loan
Get a loan of up to 10 million AMD at a rocket speed

Express provision
Loan approval takes up to 5 minutes
Online approval
You should apply online to get the limit without visiting the Bank and without any documentation
0 documenting
There is no need to submit any documents

Compare products

Fast Credit Lines
Fast Credit Lines
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
Fast loan
Fast Credit Lines
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%

Use Rocket Line digital credit up to 10 million AMD through Idram & IDBank application or IDBanking.am platform. Get it now, pay in 1, 2, 3 or 6 months. Moreover, in hundreds of stores there is a Rocket Line 0% option, which allows you to pay for the purchased product later, without any interest rate, at a nominal և actual 0%.

Fast Credit Lines - Special offers
Type of loan
Credit line
Purpose
Consumer
Currency
AMD
Minimum amount
100,000
Maximum amount
For customers with credit history: 10,000,000. / For customers without credit history: Four X fixed net income (salary and equivalents)
Annual nominal interest rate
For customers with credit history: 19%-21% / For customers without credit history: 21%
Annual actual interest rate
For customers with credit history: 20.89%-23.34% / For customers without credit history: 23.26%-23.34%
Minimum maturity (month)
18
Maximum maturity
36 months
Interest against unused part of funds
Not applicable
Method of provision
Non-cash through payment card
Monthly minimum repayment amount
10%
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 on or 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 12 hereof accrued to the sum used by the last day of the previous month and the accrued interest amount
Security
1) Score, 2) Cash flows, 3) Guarantee of a physical person, upon the necessity
Loan application processing fee
Not specified
Upfront fee
Not specified
Loan account service fee
Not specified
Type of payment card
- Idram Rocket Visa co-branding card, according to the applicable fees available: Idram Rocket VISA Information bulletin. - Digital payment card Visa Digital, according to current tariffs, following this link: Visa Digital Information Bulletin
Credit line extension
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 of the borrower/ guarantor
- the customer must have good credit history, or - the customer must be a registered employee throughout minimum six month preceding the loan application, if the latter doesn’t have a credit history - the customer should not be included in the list of unwanted customers of the Bank
On overdue credit line amount, per day
0.1%
On overdue interest, per day
0.1%
Early repayment fee
Not specified
Grounds on which early repayment can be required
The Bank is eligible to claim early repayment if: 1) The customer withholds from the payment card, 2) Information provided for the credit line is inaccurate or untrue, 3) The customer failed to fulfil his/her obligations under agreement, 4) Other grounds, according to the agreement
Positive factors for provision of the loan
1) Good credit history, 2) Enough cash flows, 3) Good score
Rejection factors
1) Bad credit history, 2) Insufficient cash flows, 3) Bad score, 4) Provision of false or unreliable information, 5) Provision of such information that doubts the return of the loan, 6) Absence of email address of the client, 7) Other factors
Maximum term for decision-making
During 1 business day in case of applying to the Bank branch. Up to 5 minutes if applying online
Customer notification term (on the decision made with respect to the credit line)
During 1 business day in case of applying to the Bank branch. The customer may be notified either within the territory of the Bank, by phone call or through e-mail. Up to 5 minutes if applying online
Maximum validity term of decision
15 business days, moreover, in case of non-issuance or non-provision of the credit line during the 15 business days mentioned, making an additional ACRA request of the customer no later than the next 3rd business day is allowed (without requesting a new application by the client or the client’s consent to make an ACRA request) and reaffirm the credit line if the customer does not currently have overdue and/or classified obligations. More than one reaffirmation is prohibited. Up to 5 minutes if applying online
Venue for applications to be accepted, processed and for credit line to be provided
All branches of the Bank or online: «IDBanking» online platform - IDBanking.am and, «Idram&IDBank» mobile application, «Banking.idram.am» online platform
Required documents
84.59 KB
By providing fast credit lines, IDBank promotes non-cash payments. Please bear in mind, that no fee shall be charged for non-cash transactions, moreover, there is a grace period of up to 45 days.
To apply for a fast credit line, you need to be a customer of IDBank and have an IDBank Idram Rocket Visa or a virtual Visa Digital card, on which the credit line amount will be transferred.

You can cash out the amount provided within the framework of the fast credit line. In this case, the cash withdrawal fee provided by the credit card payment tariff will apply.
The fast credit line is provided online in a few minutes.
No interest is charged on unused funds. And the minimum monthly repayment line of the credit line is formed only when you use the provided amount; the minimum limit is set in the amount of 10% of the used amount and the accumulated interest.

Rocket line is a digital instalment loan, which is provided for a maximum period of 6 months. Rocket line is, in fact, a reserve amount, which can be used by the customer in more than 5000 outlets, where there is an opportunity to pay with the Idram & IDBank application. The minimum amount that can be used is 3000 AMD, repaid in 1,2,3 or 6 months, whenever you want. Rocket line does not require any paperwork from the customer, it is fast and online. Fast credit lines are provided for a minimum of 18 and a maximum of 36 months. Fast credit lines has a grace period of up to 45 days, ie no interest is charged on non-cash amounts of the credit line used during the previous month, except for transfers, if you repay the used part of the credit line by the 15th day of the current month.

When applying for fast credit lines at the Bank branch, the ACRA request is made only at the moment of providing the money. No further inquiries are made for each use.
When applying online, you also have the option to receive a smaller amount than you would receive based on an ACRA inquiry.
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Information updated 18.03.2022 04:10
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