Loan purpose
Personal
Loan type
Credit line
Loan amount
AMD 50.000-3.000.000, but no more than the sevenfold of average monthly income
Loan currency
AMD
Payment card type
Any payment card, the salary transferred to.
Annual interest rate
14-15 % (based on the loan term and borrower’s working
Loan term
12-24 months
Actual interest rate
14.93-16.07%
Loan term
12-24 months
Redemption frequency
Monthly- equally (annuitant), or Non-equally (differential). Moreover, upon the borrower’s request payments on the principle during summer months may not be defined.
Security
In case of the amount more than the fourfold of the average income a guaranty of at least 1 individual, who is not a member of the Borrower's family is required.
As an additional loan security means the Bank may require the guaranty of one or more.
As an additional loan security means the Bank may require the guaranty of one or more.
Grant way
Cashless
Loan arrangement is realized
ARMECONOMBANK OJSC Head office and branches
Penalties
In case of non-repayment of amounts (loan, interest, and other payments) set forth by the Agreement on time, a penalty of 0.13% on the overdue amount will accrue for each overdue day.
Attention. As an additional means of guaranteeing the loan, the Bank may require the guarantee(s) of other person/person)s).
Attention. When applying for a loan, the Bank provides you with an individual leaflet of the essential terms of the consumer loan, in which the individual terms of the loan to be provided to You are presented. (in case of credit lines in Armenian drams) Attention. Depending on various circumstances, additional documents and information may be required.
Attention. Interest is calculated on the loan balance.
For more details please visit the following link Income ground (aeb.am)
