Inecobanik_Car-Loan

Let your dreams drive you on!

Get your dream car from your preferred showroom by getting a car loan from Inecobank in minutes.
Loan purpose
Acquisition of vehicles from car showrooms cooperating with the Bank, including those purchased by car showrooms through Trade-in service and issued maximum 5 years ago as of the time of lending
Borrower Description
RA resident individual
Loan currency
 AMD
Loan term
  • For loans with fixed interest rate: 48 months
  • For loans with floating interest rate: 60, 72, 84 month

 

Income-based

Non income-based


















Annual nominal interest rate

For loans with fixed interest rate

  • 14.75%
  • In case of 30% and more prepayment- 14.25%

For loans of vehicles acquired through Trade-in service and being maximum 5 years old as of the time of lending

  • 16.5%
  • In case of 30% and more prepayment - 16%



For loans with floating interest rate

  • Unchanged for the first 3 years - 14.75%
  • In case of 30% and more prepayment - 14.25%,


For loans of vehicles acquired through Trade-in service issued maximum 5 years ago as of the time of lending
  • 16.5%
  • In case of 30% and more prepayment - 16%,

For loans with fixed interest rate


  • 15.75%
  • In case of 30% and more prepayment- 15.25%

For loans of vehicles acquired through Trade-in service and being maximum 5 years old as of the time of lending

  • 17.5%
  • In case of 30% and more prepayment - 17%

For loans with floating interest rate

  • Unchanged for the first 3 years -  15.75%
  • In case of 30% and more prepayment - 15.25%,
then floating

For loans of vehicles acquired through Trade-in service issued maximum 5 years ago as of the time of lending՝

  • 17.5%
  • In case of 30% and more prepayment - 17%,

In case the Bank does not require Casco insurance, the annual nominal interest rate of the loan is set 1 percentage point lower.

 

Income-based

Non income-based









Annual actual interest rate

For loans with fixed interest rate

  • 14.09%-15.83%
  • For loans of vehicles acquired through Trade-in service and being maximum 5 years old as of the time of lending - 16.08-17.87%


For loans with floating interest rate

  • 14.09%-15.83%
  • For loans of vehicles acquired through Trade-in service and being maximum 5 years old as of the time of lending - 16.08-17.87%

For loans with fixed interest rate

  • 15.22%-16.94%
  • For loans of vehicles acquired through Trade-in service and being maximum 5 years old as of the time of lending - 17.23-18.97%


For loans with floating interest rate

  • 15.22%-16.94%
  • For loans of vehicles acquired through Trade-in service and being maximum 5 years old as of the time of lending - 17.23-18.97%


Loan amount (AMD) 
2 000 000 - 50 000 000 
Minimum amount for prepayment
10% of the value of the acquired vehicle
Lump-sum fee for loan disbursement  

N/A

Loan disbursement method

Lump-sum, non-cash

Account opening fee
According to the tariff plan of the relevant bank account
Security

The purchased vehicle is the collateral.

 

The bank may, if necessary, require the guarantee of family members or other individuals or entities.
Insurance 
  • CASCO insurance of the pledged vehicle which is provided by the Bank. The Bank ensures Casco insurance throughout the validity term of the contract.
  • The borrower's accident insurance may also be required.

The insurance is performed on an annual basis by the insurance companies cooperating with the Bank for the entire loan term, at least in the amount of the loan amount balance. The Bank is the beneficiary of the insurance.

 

Casco insurance may not be required if the following conditions are met at the same time:
  • The prepayment is 30% and more
  • The loan amount does not exceed 10,000,000 AMD
Repayment method
Annuity (monthly payment of interests and principal)
Early loan repayment 
No penalty is applied
Fees for services provided by the third parties for lending*

Right of pledge registration fee

  • 2,000 AMD

Accident insurance fee

  • 0.15%-0.21% from loan amount
* Payments for services provided by third parties may change, regardless of the rates set forth in these Terms
Repayment of overdue obligations
A penalty of up to 0.13% of the outstanding amount is calculated for each overdue day
Fee for reviewing the application of Loan terms revision
20,000 AMD
Your financial informant
"YOUR FINANCIAL INFORMANT" www.fininfօ.am, IS AN ELECTRONIC SYSTEM THAT GIVES INDIVIDUALS THE OPPORTUNITY TO SEARCH FOR THE NECESSARY FINANCIAL SERVICE ON A COMMON PLATFORM, COMPARING THE TERMS OH THE OFFERED SERVICES

Updated as of 16.06.2022 18:42