U- BOSS

Credit card for management and founders of the companies

Visa Business or Visa Gold

Requirements to borrower

1. Individual persons

2. Absence of negative credit history ( inquiry to the credit bureau ACRA, according to the tariffs at the Bank)

Target group

- Managers or founders of companies,
- State employees holding high positions

- Celebrities

Required documents

1.  Application

2.  Passport and  Social card

3.  inquiry to the credit bureau ACRA (Free)

4. Other documents (by the requirement of the Bank).

Credit amount

Up to  5 000 000 AMD and equivalent in USD/EUR

Credit period

Up to 36 months

Security

Guarantee of the company or physical person

Annual interest rate

20% on the used portion of the overdraft.

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.

Cash-withdrawal commission

0.5%

Card Categories

In case of credit sum up to 2.500.000 AMD -  Visa Classic 10,000   AMD

In case of credit sum more than 2.500.001 AMD - Visa Gold  25.000 AMD

Repayment order

Repayment of a negative balance at the time of generation of discharge by 10 percent, with a positive turnover of the last day of that month.

Principal sum on monthly basis, in equal (annuity) installments. Monthly repayment of accounted interests.

Penalties

In case of non compliance with the order of payment client will be charged a one-time fine of 3% of the negative balance.

-Interest rate accounted to the overlimit, according to the current tariffs of the Bank.

   The maximum period for the approval of the credit application is 3 working days after necessary documents presentation by the client.

  Bank informs the client on the decision of the credit application within one working day.

  The credit is provided to the client within one working day after concluding all the necessary contracts.