Terms for U-CASCO+ credit

Target use

Procurement of CASCO policy or insurance package which includes CASCO and medical insurance policy.

Requirements to lawner

-  physical person;   

-  absence of negative credit history;

-  owner of foreign-made car with production year starting from 2001 or owner of Russian-made car with production year starting from 2006   

Credit sum

At the rate of insurance fee but not more than 600.000 AMD.

Credit currency

AMD

Credit period

Up to 12 months

Prepayment

-

Interest rate

-  23% per annum, if the physical person is not client of Unibank;   

-  21% per annum, if the physical person is the client of Unibank;

-  20% per annum, if the physical person is the client of Unibank on autocrediting.

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.

Prepayment

0%

Collateral

-

Crediting procedure

Non-cash  

Credit repayment procedure

Monthly in equal (annuity) instalments.

Preterm repayment is allowed without restrictions.

Account opening and servicing

5 000 AMD

Penalties

0.5% of overdue sum per each day of delay.

Produced documents

-  application,

-  passport,

-  social card,

-  technical passport of automobile,

-  automobile ownership certificate,

-  reference-account from “Reso” company.