For Individual Clients

Dear Partners,

Ameriabank takes care that you are well informed about your rights, liabilities, terms of lending and any other details of Client-Bank relationships.


Important to Know!

Interest calculation

Note! The loan interest is calculated using the nominal interest rate and is expressed as a percentage in relation to the outstanding amount. It shows the amount of annual interest payable on the loan. Loan interest is calculated daily on the actual outstanding loan principal in the loan currency based on a 365-day calendar year.

Example

Outstanding loan: AMD 1,000,000
Annual interest rate: 15%
Daily interest accrued: 1,000,000*15%/365=410.96

Change of interest rate

THE BANK IS ENTITLED TO CHANGE THE INTEREST RATE AT ANY TIME DEPENDING ON THE VOLATILITY OF THE INTEREST RATES ON THE FUNDS BORROWED AND/OR ALLOCATED BY THE BANK ON FINANCIAL MARKETS, AND/OR OCCURRENCE OF PRECONDITIONS FOR THE CHANGE OF ANNUAL INTEREST RATE. THE BANK SHALL INFORM THE CLIENT OF ANY SUCH CHANGE WITHIN THE TERM (AT LEAST 7 DAYS IN ADVANCE) AND THROUGH THE CHANNELS DEFINED IN THE AGREEMENT. SUCH NOTICE SHALL BE RELIED UPON BY THE BANK AS SUFFICIENT BASES TO APPLY THE NEW INTEREST RATE STARTING FROM THE DATE SPECIFIED THEREIN.

What may help you to get your loan approved

• Long-standing relationship between the Bank and the client
• Business reputation, etc.

Why your application might be rejected

• The information (documents and other data) is not trustworthy or complete.
• The borrower's declared income is not sufficient to cover the liabilities.
• The borrower has a bad credit history, overdue and/or non-performing liabilities (including those to the third parties), etc.

Early repayment
In case of consumer loan, car loan, line of credit and overdraft the client has the right to repay the contractual credit liabilities before the due date irrespective of whether or not such provision is included in the loan agreement.

Collateral repossession
Note! IF YOU FAIL TO REPAY THE LOAN AND THE INTEREST IN TIME, THE PLEDGED PROPERTY MAY BE REPOSSESSED. IF THE VALUE OF THE COLLATERAL IS NOT SUFFICIENT TO COLLECT THE DEBT, OTHER ASSETS MAY BE REPOSSESSED TOO.

Information furnished to the Credit Register
Note! IN CASE OF DEFAULT ON THE LOAN INTEREST AND/OR PRINCIPAL THE INFORMATION ABOUT YOUR ARREARS WILL BE RECORDED IN THE CREDIT REGISTER.
NEGATIVE CREDIT HISTORY MAY AFFECT YOUR FUTURE ATTEMPTS TO GET A LOAN!
 

Loan allocation mode

Non cash

Information Guide on Loans to Individuals

Informational guide Retail business loans