Student Loan

Student Loan

Get your student loan now, pay after graduation *

Currency
֏
Interest rate
9%
Repayment term
Up to 10 years
Loan maximum amount
Up to 700,000 ֏

General

General
Tariffs
Documents
FAQ
Student Loan

Student loan

Take advantage of student loans and easily pay your tuition. * Pay only the interest during the study, and start repaying the principal only after graduation.
** You can get a loan in the amount of up to one-year tuition, and later, if necessary, get a loan to pay the tuition of the following years in the aggregate amount of up to 2,800,000 drams.

Advantages

0% commission
The loan is provided without any commissions
Long term maturity
Repay the loan during up to 10 years
Low interest rate
The interest rate is lower than the interest rate of consumer loans - 9% only
Pay after graduation
Repay the principal amount after graduation

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.

12 months 120 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 Credit Lines
Fast credit lines

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
0% commission
The loan is provided without any commissions

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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 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

Student Loan
Student Loan
The interest rate is lower than the interest rate of consumer loans - 9% only
The loan is provided without any commissions
Repay the principal amount after graduation
Repay the loan during up to 10 years
Fast loan
Profi
Rocket online 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
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
You should apply online to get the limit without visiting the Bank and without any documentation
There is no need to submit any documents
The loan is provided without any commissions

Special offer

Rocket Loan

Get a loan of up to 5 million AMD at a rocket speed, without any commission and income proof document. Apply with Idram&IDBank application or IDBanking.am platform, and get the loan directly in the application within 5 minutes. Download the Idram&IDBank app in the App Store or Google Play Store at https://idram.app.link/idram

Student Loan - Special offers
Purpose of the loan
Payment of tuition fees for students of Bachelor’s and Master’s degrees, as well as Clinical residency of RA State Higher Educational Institutions and those accredited by the RA
Currency of the loan
AMD
Minimum term of the loan
12 months
Maximum term of the loan
Term of studies + 6 years, no more than 10 years (the loan may be provided for a shorter period upon the client’s consent only) the term of studies shall be deemed to the be the years of studies by Bachelor’s, Master’s program or Clinical residency
Minimum loan amount
Not specified
Maximum loan amount
700,000 AMD, but no more than the amount of one year tuition fee. Moreover, 1 loan only may be provided for each academic year
Total amount of loans provided during the term of studies
For 4 academic years, maximum 2,800,000 AMD
Method of repayment
monthly equal payments, moreover, during the studies the borrowers pay interest only (up to 4 years), while after graduation the principal amount of the loan and interest payments are paid off equally
Annual nominal interest rate
9%, of which 2% to be subsidized by the government for all students, 3% to be subsidized by the government for students with excellent progress for the last year. Within the framework of the 14th program of the Government of the Republic of Armenia “Neutralization of Economic Consequences of Coronavirus”, the following conditions will apply for subsidizing the loans from May 1st to December 31st, 2020: 1. Students whose total average quality grades are 80% and higher starting from the beginning of study to the first term of the 2019-2020 academic year, will get full state subsidiary of the interest rate of their new and existing loans in the period 01/05/2020-31/12/2020. 2. Students whose total average quality grades are less than 80% starting from the beginning of study to the first term of the 2019-2020 academic year, will get 5% state subsidiary of the interest rate of their new and existing loans in the period 01/05/2020-31/12/2020.
Annual actual interest rate
9.38%
Loan disbursement/service fee
Not specified
Opening and maintaining of current account
Free of charge
Fine/penalty for overdue loan /interest
0.1% daily
Early repayment fee
Not specified
Disbursement method
Non-cash, by transferring the amount on the account of the HEI
Security
1 guarantor at least
Status of the borrower
1) RA citizen physical person. 2) Bachelor’s or Master’s program students or clinical residency students of paid education system of RA state HEI or state accredited HEI
Requirements to the guarantors
1) the guarantor/ at least one of the guarantors (if there are more than 1 guarantors) must be a parent/custodian of the borrower (for parentless and adult students the guarantor may be the third party), 2) the guarantor must have an income (in case of more than one guarantor at least one of them must have an income), 3) By the date of loan application, the guarantor must be an adult of 21-68 years
Requirements to the credit history (for the first and each next stage of providing the loan) of the borrower/ guarantor
1) by the date of loan application, the borrower/guarantor must not have any overdue obligations (loan, credit line, overdraft, guarantees, etc.) 2) aggregate days on overdue obligations of the borrower/guarantor over the year (365 days) preceding the date of application must not exceed 30 days 3) the guarantor had no nonperforming loan obligations over the two years preceding the date of loan obligations 4) No credit history is acceptable 5) The customer should not be included in the list of unwanted customers of the Bank.
Positive factors for loan provision
Good credit history
Factors for loan rejection
1) Bad credit history, 2) providing of false or unreliable information, 3) provision of such information, which puts return of the credit line into suspicion, 4) the loan, which has been provided to a student within the scope of this program before, was recognized as unqualified by a refinancing organization 5) other factors
Maximum term for making decision
Maximum 2 business days after submitting all required documents to the Bank
Terms for notifying the borrower about the decision made
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
Term during which the loan is provided
Maximum 1 business day after making positive decision
Maximum term, during which the decision remains valid
15 business days
Place of acceptance, registration and providing the loan application
All branches of the Bank
Documents to be submitted by the client /guarantor to the Bank
According to annex 1.1
Required documents
150.61 KB
Answer: No, the loan amount is directed for payment of tuition fees for Bachelor, Master, and clinical residency students of RA state or RA state accredited higher educational institutions.
Answer: A loan is provided for each academic year with a maximum tuition fee of one year. In general, a loan can be provided for four academic years.
Answer ․ You need at least one guarantor to get a student loan.
Answer․ The guarantor or at least one of the guarantors, if there are more than 1 guarantor, must be your parent/guardian (the third person can be the guarantor for bilateral orphan or for adult students).
Answer․ The guarantor or at least one of the guarantors, if there are more than 1 guarantor, must have an income.
Answer․ The state subsidizes 2% for all students and 3% for students who have excelled in the previous academic year.
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Information updated 18.03.2022 04:10
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