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

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