News

ARMECONOMBANK OJSC offers credit lines to the individuals managing family fund.  Only the entities who have over one year old 3^rd child can apply for this credit line. The entities entitled to manage family fund available on state support account, will be granted an opportunity to get a credit line (maximum AMD 25.000 monthly) from the next month a newborn third child becomes one year old.

The maximum amount of the credit line is calculated from the month following the date of the loan provision up to the deadline of the credit line, multiplied by AMD 25,000 and minus the interest accrued throughout the credit line (defining annuitant repayment schedule up to AMD 25.000 monthly). The annual interest rate of the credit line is 18% and the commission fee for credit line provision amounts 1% of the loan amount.

Links:

For more information - http://aeb.am/hy/471

RA Government 275 – N decision 6 March 2014-  https://www.e-gov.am/gov-decrees/item/24096/