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
Annual interest rate
Loan term
6-24 months
Repayment frequency
Guarantee of at least one of the parents and guardians of the students;
Provision method
Commission fee
One-time, 1% of the loan amount
Loan formalization
Decision-making and loan provision period
Up to 3 working days
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
Overdue Loan 0.2% of the unpaid amount for each overdue day Overdue Interest 0.4% of the unpaid amount for each overdue day
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. 
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Updated: 18/04/2019 15:25