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Consumer credit

Target group

Purchase of furniture, sanitary engineering and heating from the shops having cooperation agreement with the Bank.

Requirements to borrower

- Physical persons

- Absence of negative credit history

Credit amount

Up to 1 000 000 AMD

Credit period

Up tp 24 months

Credit currency

23%

Credit interest rate is calculated to the credit reduced reminder. There is not envisaged nominal interest rate by the Bank during the activity of credits contracts, if the borrower does not violate determined conditions 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.

Prepayment

20%

Cash-withdrawal commission

-

Credit provision order

Credit is provided cashless

Repayment order

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

Pre-term repayment of the credit is allowed without any limits.

Penalties

0.5% of overdue amount

Guarantee

The guarantee of legal person or physical person by the requirement of the Bank.

Opening and service of the card

Free

Required documents

- Application

- Passport

- Social card

- Reference from the employer about position and salary

- Inquiry to the credit bureau ACRA (Free)

- Preliminary account from the shop

- The documents of guarantor (by the requirement of the Bank)