Profi

Borrower:

Individual customers who receive or intend to receive their salary within a maximum of one month after the issuance of the card in the Bank, regardless of the existence of a cooperation agreement with the organization and the type of organization.

Loan type:

Loan, Credit line

Minimum limit:

320,000 RA Drams

Maximum limit/amount

Loan: Ten timesTen times1 of the net salary, AMD 10,000,000 maximum / Credit Line: Six times of the net salary, AMD 6,000,000 maximum

Annual nominal interest rate

Loan: 14-17%

Credit Line: 14-17%

Actual annual interest rate*

Loan: 14.95% -18.39%

Credit Line: 14.95% - 19.78%

* - Under these conditions, the actual annual interest rate is calculated taking into account the payment card rates provided within the IDSalary package. In case of obtaining a loan/credit line with another payment card, the actual interest rates may be changed.

Minimum period:

12 months

Maximum period

Loan: 60 months / Credit Line : 36 months

Mode of loan providing

Loan: Non-cash via current account or payment card / Credit Line: Non-cash via payment card

Loan repayment method:

Annuity in equal parts per month

Credit line monthly minimum repayment amount:

Not defined

Credit line repayment grace period:

Up to 45 days.No interest is accrued on the used non-cash credit line amounts during the previous month (except for card-to-card transfers, intra-bank and interbank transfers in the territory of the Republic of Armenia and through own accounts), in case the customer repays the used part of the credit line by the 15th day of the current month

Interest rate accrued on the unused part of the credit line:

0%

Security:

Cash flow

Total debt liabilities calculated for the borrower (average monthly / net income) average monthly ratio (DTI ratio)5:

60%

Loan application review fee:

Not defined

Loan/credit line providing and monthly service fees:

Not defined

Account opening fee:

According to the tariffs of the Bank, with the following link: Tariffs

Daily penalty amounts for overdue loan liabilities (including interest amounts):

0.1%

Early repayment penalty:

Not defined

Status:

An individual, RA residen

Age restriction:

The age of the borrower as of the date of loan application should not be less than 21 years, and should not exceed 65 years by the loan repayment final date.

Credit history requirement (positive credit history)

a) As of the filing date of the loan application, the borrower should not have overdue/classified liabilities (loan, credit line, overdraft, guarantee, etc.),

b) the total number of days for overdue liabilities of the borrower during the year preceding the day of receipt of the application (365 days) shall not exceed 30 days, or

c) Lack of credit history

d) the customer must not be included in the list of unwanted customers of the Bank

Positive factors for providing the credit line:

1) Positive credit history, 2) cash flows

Credit line rejection factors:

1) Negative credit history, 2) Information about the customer that casts doubt on the information provided/announced by the customer to the Bank, 3) Customer information that casts doubt on loan repayment, 4) Insufficient level of cash flow, 5) Absence of customer's e-mail, 6) Other factors.

Maximum decision-making time:

Maximum 1 business day after submitting all the required documents to the Bank

Deadline for notification of the decision:

Maximum 1 business day after the decision is made. The Bank may inform the customer about the decision on providing the loan in the Bank's premises or by phone or by e-mail message.

Maximum validity period of the decision:

15 business days. In accordance with the grounds mentioned in paragraph 25 of these Terms, the Bank is entitled not to provide the approved loan during the validity of its decision.

Term of loan disbursement to the borrower:

On the day the credit line agreement is signed

Place of receiving, applying for and providing a loan application:

All branches of the bank

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.