For Individual Clients
Consumer finance
Consumer finance: get your finance and purchase your goods without leaving the counter!
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Now you can buy your goods on installment plan directly at the store just in a few minutes.
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Your consumer finance decision will be made in 5 minutes.
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The bank may increase your credit limit and enable you to buy other necessary goods.
Terms of financing (purchase of goods)
Client's personal details
|
Eligible age
|
20 - 65
|
Residency
|
Citizens and non-citizens of Armenia*
|
Terms of finance
|
Currency
|
AMD
|
Financing limit
|
Minimum AMD 50,000
Maximum AMD 5,000,000
|
Term (months)
|
6 - 60
|
Annual percentage rate
|
0 % - 24 %
|
Monthly account service fee
|
0 %
|
Annual nominal interest rate
|
0 % - 21.5 %
|
Disbursement fee (lump-sum)/down payment
|
0 % - 20%
|
Repayment methods
|
Repayments
|
Annuity. Loan and interest payable together in even installments on a monthly basis.
|
Security
|
Eligible security
|
The purchased item is considered the security
|
Max debt-to-value ratio
|
100%
|
Required documents
|
Documents
|
• Personal identification document
|
• PPSN/social card
|
Fines and penalties
|
Late payment fines and penalties (principal and interest)
|
In case of breach of the repayment term under the agreement the Client shall pay to the Bank a fine in the amount of 0.13% of overdue amount and interest for each day of delay.
. No fines and penalties are applied for the repayment before the due date.
|
Coverage
|
Communities
|
Republic of Armenia
|
*Resident individuals of the Republic of Armenia (hereinafter “resident individuals”) are individuals who have been actually residing in the Republic of Armenia for 183 days and longer during the tax year (Republic of Armenia Tax Code, article 25).
Terms of financing (delivery of services)
Client's personal details
|
Eligible age
|
20 - 65
|
Residency
|
Citizens and non-citizens of Armenia*
|
Terms of finance
|
Currency
|
AMD
|
Financing limit
|
Minimum AMD 50,000
Maximum AMD 1,500,000
|
Term (months)
|
6 - 24
|
Annual percentage rate
|
0 % - 24 %
|
Monthly account service fee
|
0 %
|
Annual nominal interest rate
|
0 % - 21.5 %
|
Disbursement fee (lump-sum)/down payment
|
N/a
|
Repayment methods
|
Repayments
|
Annuity. Loan and interest payable together in even installments on a monthly basis.
|
Required documents
|
Documents
|
• Personal identification document
|
• PPSN/social card
|
Fines and penalties
|
Late payment fines and penalties (principal and interest)
|
In case of breach of the repayment term under the agreement the Client shall pay to the Bank a fine in the amount of 0.13% of overdue amount and interest for each day of delay.
. No fines and penalties are applied for the repayment before the due date.
|
Coverage
|
Communities
|
Republic of Armenia
|
*Resident individuals of the Republic of Armenia (hereinafter “resident individuals”) are individuals who have been actually residing in the Republic of Armenia for 183 days and longer during the tax year (Republic of Armenia Tax Code, article 25).
Terms of financing (purchase of solar system)
Client's personal details
|
Eligible age
|
20 - 65
|
Residency
|
Citizens and non-citizens of Armenia*
|
Terms of finance
|
Currency
|
AMD
|
Financing limit
|
Minimum AMD 200,000
Maximum AMD 5,000,000
|
Term (months)
|
6-108
|
Annual percentage rate
|
15.5 %
Within the GAF 9.5 %
|
Monthly account service fee
|
0 %
|
Annual nominal interest rate
|
0 % - 17 %
|
Within the GAF 0 % - 9.9 %
|
Disbursement fee (lump-sum)/down payment
|
0 % - 10%
|
Repayment methods
|
Repayments
|
Annuity. Loan and interest payable together in even installments on a monthly basis.
|
Security
|
Eligible security
|
The purchased item is considered the security
|
Max debt-to-value ratio
|
100%
|
Required documents
|
Documents
|
• Personal identification document
|
• PPSN/social card
|
Fines and penalties
|
Late payment fines and penalties (principal and interest)
|
In case of breach of the repayment term under the agreement the Client shall pay to the Bank a fine in the amount of 0.13% of overdue amount and interest for each day of delay.
. No fines and penalties are applied for the repayment before the due date.
|
Coverage
|
Communities
|
Republic of Armenia
|
*Resident individuals of the Republic of Armenia (hereinafter “resident individuals”) are individuals who have been actually residing in the Republic of Armenia for 183 days and longer during the tax year (Republic of Armenia Tax Code, article 25).
Terms of financing (purchase of solar system) within the framework of the "Warm Hearth" program
Client's personal details
|
Eligible age
|
20 - 65
|
Residency
|
Citizens of Armenia
|
Terms of finance
|
Currency
|
AMD
|
Financing limit
|
Minimum AMD 275,000
Maximum AMD 3,000,000
|
Term (months)
|
Water Heaters - 60-96 months
Solar station-60-108
|
Annual nominal interest rate
|
Water Heaters -10.9%,
Solar station- 10.5%
|
Monthly account service fee
|
0 %
|
Annual percentage rate
|
Water Heaters 0 % - 12.12 %
|
Solar station 0% - 11.45%
|
Disbursement fee (lump-sum)/down payment
|
0 % - 10%
|
Repayment methods
|
Repayments
|
Annuity. Loan and interest payable together in even installments on a monthly basis.
|
Security
|
Eligible security
|
The purchased item is considered the security
|
Max debt-to-value ratio
|
100%
|
Required documents
|
Documents
|
• Personal identification document
|
• PPSN/social card
|
Fines and penalties
|
Late payment fines and penalties (principal and interest)
|
In case of breach of the repayment term under the agreement the Client shall pay to the Bank a fine in the amount of 0.13% of overdue amount and interest for each day of delay.
. No fines and penalties are applied for the repayment before the due date.
|
Coverage
|
Communities
|
Republic of Armenia (exclusively the administrative district of the center of Yerevan)
|
Ameriabank CJSC General Terms and Conditions of Consumer Finance Service for Individuals (PDF)
Repayment Channel
Wire transfer and Ameriabank’s payment terminals
|
0
|
Payment terminals of Easy Pay, Telcell, MobiDram, idram, UPay
|
Easy Pay, idram, Mobidram - 200 AMD
Telcell - 300 AMD
UPay - up to 35,000 AMD - 200 AMD, starting from 35,001 AMD - 0.6%
|
Repayment of loan and interest at the bank’s premises
|
AMD 500 (for each cash operation)
|
Online: on the Bank's website
|
0
|
Company
|
Store
|
ZOHRAB SOGHOMONYAN PE
|
I-MOB
|
LIA-KAF LLC
|
KERAMA MARAZZI
|
SARGIS SARGSYAN GEVORG PE
|
DESIGNO HOME
|
ARMAN LALAZARYAN LEVONI PE
|
ARMAN LALAZARYAN
|
START 1 LLC
|
TOY CARS
|
SEVAK GALSTYAN MERUZHANI PE
|
BETONAXARNICHNER
|
BRAINSKILLS LLC
|
BRAINSKILLS
|
NEW MOBILE LLC
|
NEW MOBILE
|
ANAHIT VARDANYAN ISHKHANI PE
|
YOUR MOBILE
|
MILLA LLC
|
MY YEREVAN MOBILE
|
SOLID LLC
|
SOLID SHIN
|
ARDATEK LLC
|
ARDATECH
|
ANDRANIK TASHCHYAN SAMVELI PE
|
IMOBILE
|
ARAM CHANAKYAN GAGIKI PE
|
ELEKTRONIKA.AM
|
SLAISA LLC
|
G And S
|
INTERIER GROUP LLC
|
INTERIER GROUP
|
PROFMIND LLC
|
BEK FINHOUSE
|
SOLAR CENTRE LLC
|
SOLAR CENTRE
|
MY PC ELECTRONICS LLC
|
PC ELECTRONICS (ASHTARAK)
|
HEY AREV LLC
|
HEY AREV SOLAR
|
DAVIT GAVALJYAN T. PE
|
GAMMA FURNITURE
|
ARIANA 17 LLC
|
THE LITTLE PRINCE
|
TECHNO EL
|
TECHNO EL
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ARM DISTRIBUTION LLC
|
SUNMODE SOLAR
|
GEVORG HARUTYUNYAN S. PE
|
SHADE
|
ISRAYELYAN LLC
|
OJAKH
|
SOFT CARE LLC
|
SOFT CARE
|
PATUHAN AM LLC
|
SHEN TUN (ABOVYAN)
|
VOPYAN BROTHERS LLC
|
MELISA FURNITURE
|
ERIK AVAGYAN R. PE
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GYUGH. TEKHNIKA (YEREVAN TONAVACHAR)
|
NAR-AV LLC
|
VLV (DAVTASHEN)
|
SOLAR HOME CONSULTING SERVICE LLC
|
SOLAR HOME
|
VOSKE AREV LLC
|
220 VOLT ELECTRONICS
|
ARAQSYA SIMONYAN G. PE
|
ARMALIS
|
SHANT AKULYAN KH. PE
|
BEKO ARTIK
|
TIGRAN GEVORGYAN A. PE
|
ALEX DECOR
|
NOTEBOOKCENTER LLC
|
NOTEBOOK CENTRE
|
HAYR & VORDI ASATRAYNNER LLC
|
AG MOBILE
|
INTERFUR LLC
|
ASHLEY HOMESTORE
|
ART KAHUYK LLC
|
ART FURNITURE
|
ANI MARKOSYAN M. PE
|
ANI KAHUYQ
|
ARPANIV LLC
|
AUTO MAX
|
AR. LEO LLC
|
AR LEO
|
ARPINET LLC
|
ARPINET
|
ALEX KAHUYK LLC
|
ALEX FURNUTURE
|
ASTGHIK ARZUMANYAN PE
|
ASKAT MOBILE
|
IMPEX LLC
|
TVT
|
VALENSIA LLC
|
AQUATEK / ԱԿՎԱԹԵՔ
|
MANUK GHAZARYAN A. PE
|
MK
|
SUKIASAN SAGHATEL H. PE
|
ALIN ELECTRONICS
|
ARMAN MURADYAN A. PE
|
BAROCCO
|
HRACHYA BABAYAN V. PE
|
BEKO EJMIATSIN
|
ARMEN KARAPETYAN R. PE
|
BEST ALAVERDI
|
ED-SPO LLC
|
BEKO
|
NEW LEVEL LLC
|
BL FURNITURE - YEREVAN
|
SHINCAPITAL HOME LLC
|
BRIGHTHOUSE
|
ZOHRAB KIRAKOSYAN R. PE
|
BEKO IJEVAN
|
BL LLC
|
BL
|
BADALYAN DZAVAHIL KH. PE
|
BOOM HOUSE SEVAN
|
EMGE LLC
|
BEKO ARTASHAT - GSA ELECTRONICS
|
KORYUN TUNIBEKYAN Y. PE
|
BALU
|
OTARYAN GARIK I. PE
|
BABY TOYS
|
GLOBAL BEAUTY LLC
|
GLOBAL BEAUTY
|
EUROMEDICA MEDICAL CLINIC LLC
|
EUROMEDICA MEDICAL CLINIC
|
MI CASA LLC
|
SHEN TEXTILE
|
MOVSISYAN ANDRANIK PE
|
HOME MART ELECTRONICS
|
GOR SEDRAKYAN H. PE
|
SHKAFF MASIS
|
MAXIM GIKINYAN PE
|
DUBAI
|
DECORA GROUP LLC
|
DECORA GROUP
|
ARTUR KHACHATRYAN PE
|
DECOR
|
RUBEN ELOYAN PE
|
DIAMOND ELECTRONICS
|
GRIGORYAN KAREN H. PE
|
ARA
|
KONSTANTIN GAVALJYAN PE
|
DAV KAHUYQ
|
BORIS BAGHDASARYAN A. PE
|
DESIGNO
|
DSA LLC
|
BEKO APARAN, VARDENIS
|
HOVAKIMYAN ARAYIK N. PE
|
BEST ELECTRONICS
|
DV INVEST LLC
|
ECO STEP
|
STALKER LLC
|
EIFFEL
|
ELMARKET LLC
|
ELDORADO
|
ALDIS LLC
|
ELEKTRON PLAZA
|
ASLANYANNER LLC
|
ELITE SHINANYUT
|
UNIVERSAL PROJECT LLC
|
EUROBAZA
|
EUROSTAN-UYUT LLC
|
EUROSTAN-UYUT
|
ELZONE LLC
|
ELZONE
|
FULL HOUSE MARKET LLC
|
FULL HOUSE
|
FREENERGY LLC
|
FREENERGY
|
GAPEX LLC
|
GAPEX
|
GRAND SHIN LLC
|
GRAND SHIN
|
GAR GRIG LLC
|
TSIATSAN
|
ART GLOBAL LLC
|
ART GLOBAL
|
GOR KARAMYAN S. PE
|
MIX ELECTRONICS
|
GSA LLC
|
GSA ELECTRONICS
|
ARSEN GASPARYAN H. PE
|
GYUGHTEKHNIKA
|
ARMAN HOVHANNISYAN M. LLC
|
GARANT
|
MAMIKON MARGARYAN H. PE
|
BEKO HRAZDAN
|
GOLDSHIN LLC
|
GOLDSHIN
|
VAHAGN EVINYAN A. PE
|
HI FI ELECTRONICS
|
HRASHK GROUP LLC
|
SHKAFF
|
HAYK HASRTYAN P. PE
|
MONIKA FURNITURE
|
HAKSIL LLC
|
HAKSIL
|
HRASHQ AYGI LLC
|
HRASHQ AYGI
|
SAIAT SARDARYAN S. PE
|
ARMALIS
|
MOBLIOS LLC
|
HUAWEI
|
IMEX GROUP LLC
|
IMEX GROUP
|
VLA IMPORTS LLC
|
ICE WATCH
|
JULIAR LLC
|
VLV SEVAN
|
JASMIN GROUP LLC
|
JASMINE
|
HOMEBASE LLC
|
JYSK
|
ALEKSANYAN GARNIK PE
|
KAKADU
|
KAERKHER LLC
|
KAERCHER
|
KA AND KA LLC
|
KIT
|
KAHUYQI ASHKHARH LLC
|
KAHUYQI ASHXARH
|
VARDANYAN NELI R. PE
|
LIMA ELECTRONICS
|
VAHAGN KHACHATRYAN K. PE
|
LEV-VAG
|
HMAYAK STEPANYAN O. PE
|
LEADER
|
LEV-VAG LLC
|
LEV-VAG
|
SEMUR AND CO LLC
|
SEMUR AND CO
|
PARVAN HOVHANNISYAN G. PE
|
LYLY
|
HAYK YEGHIAZARYAN T. PE
|
L&R
|
LIGHTNG LLC
|
LUYS
|
NORAYR SARGSYAN T. PE
|
LOUVRE
|
BADALYAN LUSINE H. PE
|
LV
|
DARF LLC
|
METS ANIV
|
MOBILIFE LLC
|
MOBILIFE
|
MYDAV LLC
|
VLV KAPAN
|
M-ELECTRONICS LLC
|
ELHOUSE
|
KHACHATRYAN MERI A. PE
|
SEVAN KAHUYQ
|
ASKHEN SARDARYAN PE
|
ARGAVAND KAHUYQ
|
MK GROUP LLC
|
KAHUYQ MALL
|
BMS LLC
|
BMS
|
MIRU LLC
|
MY NOTEBOOK
|
ARA BARSEGHYAN S. PE
|
NATURALGAS
|
KALASHYAN ROBERT H. PE
|
SADSHIN
|
NORIK HAKOBYAN H. PE
|
KAHUYQ
|
NAIRI PARSYAN M. PE
|
KAHUYQ
|
NOTESTORE LLC
|
NOTEBOOK CENTTRE
|
BARSIS LLC
|
NOR TUN
|
OPTIMUM ENERGY LLC
|
OPTIMUM ENERGY
|
KINETIC CJSC
|
ORANGE FITNESS
|
THE OHM ENERGY LLC
|
OHM ENERGY
|
EDGAR & NAZELI LLC
|
OJAKH
|
OKTO LLC
|
OKTO
|
SVETA SEROBYAN A. PE
|
ALL CELL
|
SMBAT PAPOYAN R. PE
|
OPTIMA
|
OSKAR ELECTRNOICS LLC
|
OSKAR ELECTRONICS
|
MY TECHNO LLC
|
PC
|
PC ELECTRONICS LLC
|
PC ELECTRONICS
|
GHARIBYAN FELIKS E. PE
|
PLAZA PLUS
|
PIXELS LLC
|
PIXEL
|
PLASMA VAN LLC
|
PLASMA ELECTRONICS
|
AGHABEKYAN SEYRAN V. PE
|
ABOVYAN SHIN
|
MUSHEGH GALSTYAN R. PE
|
R&R
|
KHACHATUR GEVORGYAN SH. PE
|
R&G, S&G
|
ROYAL STAR LLC
|
ROYAL STAR
|
NOTEBOOK STORE LLC
|
RED STORE
|
COMFORT R & V LLC
|
R&V COMFORT
|
SOLAR ENERGY SISTEM SOLUTIONS LLC
|
SOLARESS
|
SARIBEK GHAZARYAN A. PE
|
MS
|
PROFPANEL LLC
|
SOLARON
|
ARTAK HAKOBYAN PE
|
KAHUYQ
|
SHINMOL LLC
|
SHIN MALL
|
GSS LLC
|
GLOBAL SAVING
|
SOLAR GROUP LLC
|
SOLAR GROUP
|
RENEWABLE CAUCASUS CORPORATION LLC
|
SUNNY CITY
|
ECOVILLE LLC
|
ECO VILLE
|
MULTI SOLAR LLC
|
MULTI SOLAR
|
NAREKATSI HIBOKRAT LLC
|
YERAZ KIDS CENTER
|
TERMO-AR LLC
|
TERMO-AR
|
GARIK ANDREASYAN V. PE
|
TNA SHEN
|
TOP-TECH LLC
|
TOP FLOOR
|
SHTIGEN LLC
|
SHTIGEN
|
NAVASARDYAN TAMARA PE
|
TAMARA FURNITURE
|
ARMAN VOSKANYAN D. PE
|
TELEPHONE-MELEPHONE
|
HRANT GRIGORYAN LLC
|
TECHNO STORE
|
NAREK HOVSEPYAN B. PE
|
TSIATSAN
|
ARGAM AVETISYAN V. PE
|
SHEN TUN
|
UCOM CJSC
|
UCOM
|
ARTUR MARTIROSYAN Y. PE
|
ARTHUR SHIN
|
NIKKAR LLC
|
VESTA MARTUNI
|
VARDAZAR MKRTCHYAN L. PE
|
BEKO MARTUNI
|
VMH WOOD LLC
|
SALMAST
|
VEGA WORLD LLC
|
VEGA
|
DAVID MKRTCHYAN J. PE
|
VEGAS
|
VELHOFF LLC
|
VELOFF
|
ARSEN JILAVYAN V. PE
|
VAL-JOR
|
VANMETAGHAR LLC
|
KAHUYQ
|
VLV CENTRE LLC
|
VLV
|
VAHAN MARGARYAN H. PE
|
ARMALIS
|
VENUS EL LLC
|
VENUS
|
HAYR EV VORDI BEKNAZARYANNER LLC
|
VESTA PLUS
|
KALASHYAN VOLODYA A. PE
|
VOLODYA
|
VERSAL GROUP LLC
|
VERSAL
|
PRETTY WAY LLC
|
VESTA
|
ARMEN & ANUSHIK LLC
|
VESTA EGHEGNADZOR
|
AGEVART LLC
|
VLV ARMAVIR
|
VERTICAL LUXE SYSTEM LLC
|
SHEN SHEM
|
EDGAR MEDOYAN S. PE
|
VS GAS
|
SUSANNA GHAZANCHYAN Y. PE
|
WEST ABOVYAN
|
NEZHDIK TER-ABRAHAMYAN A. PE
|
WEST ABOVYAN
|
KAREN AYVAZYYAN A. PE
|
WOOD TOWN EA
|
WOOD TOWN-G LLC
|
WOOD TOWN
|
WATCH WORLD LLC
|
CHRONOGRAPH
|
SMART ORANGE AM LLC
|
XIAOMI
|
X-MOBILE LLC
|
X-TECHNICS
|
ZIGZAG LLC
|
ZIGZAG
|
TEKHNIKAT LLC
|
Z-MIX
|
PLAZMA 99 LLC
|
PLAZMA SEVAN
|
Z S TOP LLC
|
SKILL AM
|
YAN SOLUTIONS AND CONSULTING LLC
|
EINHELL
|
SAN LAZZARO LLC
|
YERAZ KIDS CENTER
|
MARSHALL LAND LLC
|
ANIVNERI ASHKHARH
|
QISVEL LLC
|
VLV ECHMIATSIN
|
FORTUNA BUSINESS SCHOOL LLC
|
BUSINESS DEVELOPMENT GROUP
|
BARSEGHYAN ANZHELA KARLEN PE
|
VLV VARDENIS
|
EUROENER LLC
|
EUROENERGY
|
A&A MUSIC LLC
|
AKORD
|
SOLAR HOUSE LLC
|
SOLAR HOUSE
|
SOLAR.AM LLC
|
SOLAR.AM
|
DONALDS GROUP LLC
|
DONALDS ENERGY
|
GMT LLC
|
GMT - TOTAL
|
MAX SHIN LLC
|
MAX SHIN
|
GAGIK KARAPETYAN LLC
|
VESTA SEVAN
|
DIANA SHAHINYAN R. PE
|
DESIGNO
|
AM SOLAR ENERGY LLC
|
AM SOLAR ENERGY
|
MARIA NISIFOROVA PE
|
BASE STUDIO
|
CONTEXIM LLC
|
ZVEREV BEAUTY SALON
|
NAVAVAN LLC
|
REIMA
|
MISAK MOVSISYAN M. PE
|
BEAUTY GARDEN
|
COMPANY 1982 GROUP LLC
|
VLV ARARAT
|
TEREZA KANETSYAN M. PE
|
BOMBUS
|
VARDAN SAMVELYAN A. PE
|
ARMADA MALL
|
ALIK KHACHATRYAN V. PE
|
FABRICA FURNITURE
|
KING BIAR DARBNOC LLC
|
KING BIAR DARBNOC
|
UYUT CENTER LLC
|
UYUT
|
JHORA SARGSYAN PE
|
TOTAL
|
KRISTINE AVANESYAN PE
|
FURNITURE
|
VARDAN GHARIBYAN PE
|
VELO ZONE
|
BABAYAN GEVORG PE
|
EMILI TOYS
|
SARGIS EGHIAZARYAN PE
|
OBD.AM
|
ZHENIK SEDRAKYAN PE
|
VLV HRAZDAN
|
MOROBLOK LLC
|
MOTOBLOK
|
ARMEN-MAR LLC
|
WINNER SOLAR
|
TOR LLC
|
SARD
|
TAKE AWAY LLC
|
TAKE AWAY
|
ARTUR MKHITARYAN PE
|
WELUX
|
MANANA GREYN LLC
|
MANANA TECHNOLOGY
|
STRONG START LLC
|
RESULT
|
AKATSIA LLC
|
BERLITZ LANGUAGE CENTER
|
MARMARI ASHKHARH LLC
|
MARMARI ASHKHARH
|
COOL TERM LLC
|
COOL TERM
|
STEPAN MARGARYAN PE
|
HETSANIV /PETAK/
|
LEVON MISAKYAN PE
|
MANKAKAN ASHKHARH
|
BAC ACCOUNTING LLC
|
BAC ACCOUNTING
|
POGHOSYAN GEVORG PE
|
HECANIV CLUB
|
REVANSHSHIN LLC
|
VARPET
|
BUYLAPTOP LLC
|
BUYLAPTOP
|
SOLAR LLC
|
SOLARA
|
SOS HARUTYUNYAN LLC
|
KAHUYK
|
Other Terms of Lending
-
Consumer finance is available at those stores with which the bank has executed a Cooperation Agreement.
-
Consumer finance is provided just at the premises of Merchants.
-
Consumer finance is provided to the individuals aged 21-65 and having Republic of Armenia citizenship for the purchase of consumer goods, such as household appliances, computer hardware, mobile phones, furniture, air conditioners, heating systems, solar panels, and other products and services.
-
Amount of finance is transferred to the Merchant’s account based on the Customer’s instruction issued under consumer finance agreement.
-
Approval/rejection and maximum amount of finance are subject to the Customer’s creditworthiness assessment.
-
The credit may be rejected, if;
-
The Customer has a bad credit history
-
The presented data are not trustworthy
Interest Calculation
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Interest is calculated based on nominal interest rate and accrued to outstanding loan.
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Actual annual percentage rate (APR) shows the cost of the loan in case of due and timely repayments (interest and other fees) under the agreement.
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No change of nominal interest rate by the bank is envisaged during the validity period of the agreement.
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Loan interest calculation example:
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Principal: AMD 200,000
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Interest rate: 24%
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Term: 12 months
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Credit account opening, management and servicing fee: 0%
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Monthly installment for this loan will be AMD 18,920.
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Actual annual percentage rate will be 26.95%.
Other Fees and Rates
For the fees and rates of provision of statements, references and other information please click here.
Fines and Penalties
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If the Borrower fails to pay the loan when due, the following fines and penalties will be applied (for each day of delay):
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0.13% of Principal
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0.13% of Interest
No fines and penalties for repayment of the loan before the due date!
ATTENTION!
Collateral Foreclosure
IF THE BORROWER FAILS TO REPAY THE LOAN AND INTEREST WHEN DUE, THE COLLATERAL WILL BE FORECLOSED. IF THE VALUE OF THE COLLATERAL IS NOT SUFFICIENT, THE BANK MAY FORECLOSE ON OTHER PROPERTY OWNED BY THE BORROWER.
Information Provided to Credit Register
IF THE BORROWER FAILS TO REPAY THE LOAN AND INTEREST WHEN DUE, INFORMATION ABOUT OVERDUE LIABILITIES WILL BE RECORDED IN CREDIT REGISTER.
A BAD CREDIT HISTORY MAY NEGATIVELY AFFECT THE BORROWER’S FUTURE CREDIT EXPERIENCE.
Your Consumer Finance Form
Before executing the loan agreement Your Essential Terms Form will be provided to you in accordance with the Regulation 8/05 of the Central bank of Armenia “On Procedure, Terms, Forms and Minimum Requirements for Communication Between the Bank and Depositor, Creditor and Consumer”.
‘Financial Assistant’ system at abcfinance.am website offering ‘Finance for Everyone’
INTERFOOD LLC/ ASHLEYSTORE
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Currency
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AMD
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Financing limit
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50,000 - 3,000,000
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Down payment
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0-5%
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Term (months)
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· 18-60 (action 12),
· 24-60 (action 18),
· 30-60 (action 24):
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Annual nominal interest rate
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· 1-12 months 0%, from 13-th month 21.5%,
· 1-18 months 0%, from 19-th month 21.5%
· 1-24 months 0%, from 25-th month 21.5%:
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Annual percentage rate
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0-24%
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Monthly account service fee
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0%
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Disbursement fee (lump-sum)/down payment
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N/A
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Repayments
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Annuity. Loan and interest payable together in even installments on a monthly basis.
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Eligible security
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The purchased item is considered the security
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Max debt-to-value ratio
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Up to 100%
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Documents
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• Personal identification document
• PPSN/social card
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ZS TOP LLC /SKILL AM
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Currency
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AMD
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Financing limit
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50,000 – 800,000
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Down payment
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0-20%
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Term (months)
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· 6 (action 6),
·12 (action 12):
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Annual nominal interest rate
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· 1-6 months 0%, from 7-th month 21.5%,
· 1-12 months 0%, from 13-th month 21.5%:
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Annual percentage rate
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0-24%
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Monthly account service fee
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0%
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Disbursement fee (lump-sum)/down payment
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N/A
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Repayments
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Annuity. Loan and interest payable together in even installments on a monthly basis.
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Eligible security
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N/A
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Max debt-to-value ratio
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-
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Documents
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• Personal identification document
• PPSN/social card
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Updated 17.03.2022, 9:56
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