Conditions
Loan purpose
Tuition fee payment
Loan type
Consumer Loan
Loan amount
Minimum 50 000 AMD,
Maximum 1 000 000 AMD for each educational year
 
Loan currency
AMD
Annual interest rate
18-20% 
 
Loan term
6-24 months
Repayment frequency
Monthly
 
Security
Guarantee of at least one of the parents and guardians of the students;
 
Provision method
Non-cash
Commission fee
One-time, 1% of the loan amount
Loan formalization
in “ARMECONOMBANK” OJSC branches
Decision-making and loan provision period
Up to 3 working days
 
Demands
Borrower requirements
Resident individual over 16 years Registered and living in the Republic of Armenia Has a constant income source acceptable by the Bank
Loan repayment procedure
Monthly Equally (annuitant) Non-equally (differential)
Negative decision grounds
Negative assessment on the customer’s financial condition
. Non-credibility of the presented documents
. Unacceptable guarantors
. Costumer’s negative credit history
. Other reasons which according to the Bank assessment will hamper the loan repayment
Penalties
Overdue Loan 0.2% of the unpaid amount for each overdue day Overdue Interest 0.4% of the unpaid amount for each overdue day
Documents
Note Documents presented by individuals
Punct passport copies (of the Borrower and his/her family members),
Punct marriage certificate copy (if any),
Punct document containing public services number
Punct statement from the workplace (with a note on the salary size) of the Applicant and/or the Guarantor
Punct in case of providing the loan to a family member, corresponding documents about the kinship relation (birth certificate, marriage certificate, etc.),
Punct statement from the corresponding educational institution on the annual (quarterly, semi-term) tuition fee,  
Punct copy of student book (if any)
Punctif necessary, other documents. 
Հաշվիչ
Հավասարաչափ մարումներով
Results Արդյունք
N Վճարման ամսաթիվ Վարկի մնացորդ Վճարվող տոկոսագումար Մարում վարկից Ընդամենը վճարում
Մայր գումարի հավասարաչափ մարումներով
Results Արդյունք
N Վճարման ամսաթիվ Վարկի մնացորդ Վճարվող տոկոսագումար Մարում վարկից Ընդամենը վճարում
General Information
 
 
 
 
 
 
 
 

 

Updated: 04/05/2018 10:43