Consumer credit U-Constant

1

Purpose

Consumer needs

2

Target group

Employers of the institutes of higher education, health protection and state   institutions

3

Requirements to borrower

Physical person

Absence of negative credit history.

4

Required documents

1. Application form

2.  Passport

3. Social card

4. Reference from the employer about position and salary

5. Inquiry to the credit bureau ACRA (Free)

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

5

Credit sum

Up to 1,000,000 AMD

6

Credit currency

AMD

7

Interest rate

20% annually

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.

8

Credit period

Up to  24 months

9

Guarantee

Guarantee of legal or physical person- by the requirement of the Bank

10

Credit granting order

One-time enrolment on the current account of the borrower

11

Repayment order

Monthly-equal  (annuity)  instalments

12

Account opening and service

Account opening  for free

Annual service 1,000 AMD

Non-decreasing remainder  - 0

13

Cash-withdrawal commission

2%

14

Fines

The penalty is charged at 0.5% from the delayed  sum