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Fast loan
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
Rocket Line
Credit Lines
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
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
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
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 of loan
Loan
Purpose
Other
Currency
AMD / USD
Minimum loan amount
100,000 AMD / 200 USD
Maximum loan amount
For customer with credit history: 10,000,000 AMD / 20,000 USD. For customers with no credit history: Six-fold fixed net income, provided that the fixed net income of the customer (salary and equivalents) is less than AMD 280,000. Eight-fold fixed income, maximum AMD 10,000,000, or USD 20,000, 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 AMD: 19.9%-21.7% / USD: 16.9-18.9%. For customers with no credit history AMD: 21.7% / USD: 18.9%
Annual actual interest rate
For customers with credit history AMD: 21.82% -23.99% / USD: 18.54% - 21.86%. For customers with no credit history AMD: 23.99% / USD: 20.91% -21.86%
Minimum loan maturity
12 months
Maximum loan maturity
60 months
Method of disbursement
Noncash through current account(AMD) / Noncash through payment card(USD)
Loan and interest repayment method
Fixed monthly payments (Annuity)
Security
1) Credibility score, 2) Cash flows 3) Guarantee of a physical person, upon necessity,
Loan application review fee
Not specified
Loan disbursement lump sum fee
Not specified
Loan account service fee
Not specified
Opening of current account and loan withdrawal fee
Free of charge
Tariffs for payment cards
1. ArCa Classic, in which case no annual service fee is specified, and the other tariffs according to the information bulletin of ArCa Classic card, applicable at the Bank, 2. Other cards issued by the Bank (other than Visa Classic/Visa Gold debit and ID Transfer cards) according to the applicable rates, available via the following link: Information bulletins for cards
Security
Not required
Status
RA citizen physical person
Age eligibility
The borrower/guarantor should be 21 at least as of the date of application, and maximum 65 by the maturity date
Requirements to the credit history of the borrower/guarantor
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 the loan provision 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) the customer withholds from the payment card (for loans denominated in USD), 2) information presented to get the loan is false or inaccurate, 3) obligations provided by the agreement failed to be performed, 4) other grounds, according to the agreement
Positive factors for provision of the loan
1) Good credit history, 2) Good Score, 3) Enough cash flow
Rejection factors
1) Bad credit history, 2) Bad score, 3) Insufficient cash flows, 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 decision-making term
During 1 business day
Customer notification term (on the decision made with respect to the loan)
During 1 business day. The customer may be notified either within the territory of the Bank, by phone call or through e-mail
Validity term of decision
5 business days
Venue for loan applications to be accepted, processed and provided
All branches of the Bank
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