U-Technics

Consumer credit

Purpose

For purchasing technics

Target group

Physical persons, who purchase  computer appliances from the  computer appliances stores, cooperating with Bank.

Requirements to borrower

1.            Physical persons

2.            Absence of negative credit history

Required documents

1.            Application

2.            Passport

3.            Social card

4.            Reference from the employer about position and salary

5.            Inquiry of ACRA Credit Bureau (Free),

6.            Documents of guarantor (by the requirement of the Bank).

Credit amount

Up to 1,000,000 AMD-To the amount of purchased computers

Credit currency

AMD

Credit period

Up to 24 months

Interest rate

22%

Credit interest is computed on the reduced credit reminder. During the validity of the credit contract the Bank does not change the nominal interest rate if the borrower does not break terms of the contract.

Credit interest is computed on the basis of the nominal interest rate. The actual interest rate shows the cost of the credit in case of timely payment of interest and other fees.  Please see the annual actual interest rate calculation formula here. During the validity of the credit contract the Bank does not change the nominal interest rate if the borrower does not break terms of the contract.

Pre-payment

0%

Security

The credit is guaranteed by the legal or physical person –according to the  requirement of the Bank

Penalties

0.5% of overdue amount on each delayed day.

Account opening and service

Free

Credit provision order

Non-cash

Repayment order

On monthly basis, in equal (annuity) installments.

Interests are computed on the reduced credit reminder.

Preterm credit  repayment is allowed without any limits.