Transfer loans

Requirements to the borrower

The borrower received money transfers through payment systems of the Bank with the following frequency: Option 1 - no less than once a month during 4 months preceding the date of submitting application. Option 2 - no less than 3 times during 6 months preceding the date of submitting application (no less than 3 months and one transfer a month), moreover, at least one transfer during the reporting month, or Option 3 - at least 6 times during the 12 months preceding the month of application (6 months minimum, and at least 1 transfer each month), with at least 1 transfer during the most recent 2 months preceding the month of application. The transfers should be received at least during the 3 months.

Maximum limit

Aggregate amount of transfers received during the last 12 months. Monthly amount of the transfer is the aggregate amount of transfers received in all currencies during the given month, expressed in the currency of the required loan, moreover, settlement of conversion is carried out by the purchase rate applicable at the Bank as of the given time.

Currency

AMD / USD / RUB / EUR

Minimum limit

100,000 AMD / 200 USD / 15,000 RUB / 200 EUR

Maximum limit

1,500,000 AMD / 3,500 USD / 200,000 RUB / 3,500 EUR

Annual interest rate

22% / 19% USD / 19% RUB / 19% EUR

Maximum maturity (months)

36

Up front fee (deducted from loan amount)

N/A

Method of disbursement

Non-cash – through payment card

Repayment

Annuity

Status

Individual – RA citizen

Eligible age

Eligible age of the borrower as of the date of accepting the loan application should not be less than 21 and not have exceed 65 at the loan maturity

Requirements to the credit history

1. availability of credit history, 2. no overdue/classified obligations (loan, credit line, overdraft, etc.) on the date of loan application, 3. aggregate of days on overdue obligations during the recent 12 months preceding the date of loan application must not exceed 30 days

Type of the payment card

-ID-Transfer according to the rates applicable by the Bank. -Other cards issued by the Bank (except for Visa Classic/Visa Gold debit), according to the rates applicable by the Bank

Late payment fee (day)

0.1%

Late interest payment fee (day)

0.1%

The Bank can require early repayment of the loan or provision of additional security on the following grounds:

The Bank can require early repayment of the loan or provision of additional security if:1. the client refuses from the payment card, 2. no transfers received via the Bank during 6 months after receiving the loan, 3. information presented for the loan is false or untrustworthy, 4. the Client fails to perform obligations under the agreement, 5. other grounds according to the agreement

Why the loan may be rejected

1. No credit history, 2. Bad credit history, 3. Insufficient volume of transfers, 4. Existence of unsecured loan at the Bank, other than loans/credit lines received in the frames of salary projects, 5. Provision of false or unreliable information, 6. Submission of such information, which puts the return of the loan into question, 7. Other reasons.

Maximum term of taking decision

Maximum 3 business days after submitting all required documents to the Bank

Term of informing the client about the decision made

1 business day after taking decision

Maximum term of validity of the decision

10 business days

Place of acceptance of the loan application

All branches of the Bank

Place of execution and disbursement

All branches of the Bank