U- Stream +

Credit card for clients of UNISTREAM money transfer system

ArCa Classic

Requirements to borrower

- Physical persons

- Remittances realization by UNISTREAM system to the amount no less than 3000$ in a year (minimum 5 remittances)

-  Absence of negative credit history

-  Age limit: 21- 63 years.

Target group

Clients of Unistream system

Required documents

     -  Application

     -  Passport

     -  Social card

Credit amount

150 000 AMD

Redoubling credit limit

  + 150 000 AMD

Requirements to lawner in case of redoubling credit limit

1. Credit liabilities repayment within 3 and more months
2. Days in overlimit - 0

Credit currency

AMD

Credit period

Up to 24 months

Security

-

Annual interest rate

24% on the used portion of the overdraft.

The interest rate may be reduced by 1 pct, if the client on monthly bases will make payments by UNIPAY card on amount no less than 5 000 AMD. If the client makes UNISTREAM transfers no less than 5 times in a year, the interest rate may also reduced 1 pct.  

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.

Purpose

Customer needs

Cash-withdrawal commission

0%

Annual fee for account service

The first year – free, the second year - according to the tariffs of the Bank.

Obligatory positive turnover

With an obligatory turnover of 5% from a negative balance at the moment of discharge generation by the last day of that month

Repayment order

- Interests monthly repayments          

- Repayment of principal amount at the end of the credit term.

Annual interest calculated on the positive balance of card account

5%

Penalties

In case of non compliance with the order of payment client will be charged a one-time fine of 1% of the negative balance.

The credit is provided to the client within 1-3 working days.