Rocket loans/credit lines

Loan type

Loan/Credit line

Purpose

Consumption

Currency

AMD

Minimum loan amount

AMD 100,000

Minimum credit line limit

AMD 100,000

Maximum loan amount

AMD 10 000 000

Maximum redit line limit

AMD 10 000 000

Annual nominal interest rate/Loan

AMD-19.9%-21.7%

Annual nominal interest rate/Credit line

AMD-19%-21%

Effective annual interest rate/Loan

AMD-21.82% -23.99%

Effective annual interest rate/Credit line

AMD-20.89%-23.34%

Minimum loan maturity/Loan

12 months

Minimum loan maturity/Credit line

18 months

Maximum loan maturity/Loan

60 months

Maximum loan maturity/Credit line

60 months

Disbursement method/loan

Non-cash, through current account

Disbursement method/credit line

Non-cash, through a payment card

Loan and interest repayment method

Equal monthly installments (annuity)

Interest accrued on unused part of the credit line

Not calculated

Minimum monthly repayment amount of the credit line

10%

Grace period

Up to 45 days:

no interest is accrued on the non-cash amount of the credit line used during the previous month (except for card to card transfers, intrabank and interbank transfers on the territory of the Republic of Armenia and between own accounts), if the client repays the used part of the credit line through the specified method before the 15th of the current month.

Method of the credit line and interest repayment

Mandatory monthly cash deposit to the card account equal to the cumulative amount of the accrued interest and the amount of interest on the used funds as of the last day of the previous month as specified in clause 14 - before the 15th of the current month, and repayment of the credit line - at the end of the term.

Security

1) Credit score assessment

2) Cash flows

3) If necessary, a guarantee from a physical entity

Loan application review fee

Not applicable

Loan/credit line disbursement one-off fee

Not applicable

Loan account service fee

Not applicable

Current account opening fee

Free of charge

Loan encashment fee

Free of charge

Credit line encashment fee

According to the payment cards’ cash withdrawal tariffs specified in point 25th

Credit line extension

1․The term of the credit line may be extended by the Bank in accordance with the terms and conditions defined in the information bulletin on this loan type, effective on the date of extension of the loan term, as well as based on the results of the internal analysis conducted by the Bank.

2․2. The client's credit line may be extended as a loan which is paid off in equal installments (annuity), as well as based on the results of the internal analysis conducted by the Bank.

Insurance

Not required

Payment card tariffs/Loan

Not applicable

Payment card tariffs/Credit line

1. Idram Rocket Visa – а co-branded card based on the current tariffs available through the following link: Idram Rocket VISA Information bulletin

2. Visa Digital – a digital payment card based on the current tariffs available through the link: Visa Digital Information Bulletin

3. Travel Card payment card based on the current tariffs available through the link: Travel Card Information bulletin

4. ArCa Classic Credit card - payment card based on the current tariffs available through the link: ArCa Classic Credit Card Information Bulletin

Status

RA citizen physical entity

Age restriction

The age of the borrower must be at least 21 years as of the date of acceptance of the loan application and must not exceed 65 years by the end of loan term.

Requirements to the credit history

1.The client should have a good credit history or

2.The client should be a registered employee for at least 6 months preceding the date of loan disbursement, unless the latter has a credit history.

3.The client should not be included in the list of undesirable clients of the Bank

Overdue loan, for each day of delay

0.1%

Overdue loan interest, for each day of delay

0.1%

Early loan repayment penalty

Not applicable

Reasons for requesting early loan repayment

The Bank is entitled to request early loan repayment if:

1)The information submitted for receiving a loan is false or unreliable

2) The client failed to perform his/her contractual obligations

3) Other reasons stipulated by the agreement

The client renounces the payment card

Positive factors for loan provision

1) Good credit history,

2) Positive credit score assessment

3) Sufficient cash flows

Loan rejection factors

1) Non-compliance with the terms of the loan

2)Negative credit history

3) Negative credit history of a related person

4)Insufficient income

5)Insufficient creditworthiness

6)Insufficient level of collateral liquidity from the bank's point of view

7)Unwanted client for the Bank

8)Providing false or inaccurate information

9)Availability of information that calls into question the repayment of the loan

10)Absence of customer e-mail

11)Other

Place of loan application acceptance, processing and provision of the loan

IDBanking.am online system and Idram&IDBank mobile application

All branches of the Bank

Maximum decision-making period

Up to 5 minutes when applying online

Up to 1 business day when applying at the Bank branch

Notification of the client about the decision

Up to 5 minutes when applying online

Up to 1 business day when applying at a Bank branch

The Bank may notify the client about the decision made in terms of the loan provision on the premises of the Bank, by phone or by e-mail.

Maximum validity period of the decision/Loan

Maximum 5 minutes when applying online

Up to 5 business days when applying at the Bank branch

Maximum validity period of the decision/Credit line

Maximum 5 minutes when applying online

Up to 15 business days when applying at the Bank branch

Documents (information) to be submitted by the client to the Bank

1.Identity document (details) of the client

2.Social card/public services number (PSN) or reference of absence of PSN

3.Client’s e-mail address

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.