Give wheels to your dreams
- For loans with fixed interest rate: 48 months
- For loans with floating interest rate: 60, 72, 84 month
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Income-based |
Non income-based |
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For loans with fixed interest rate
For loans of vehicles acquired through Trade-in service and being maximum 5 years old as of the time of lending
For loans with floating interest rate
For loans of vehicles acquired through Trade-in service issued maximum 5 years ago as of the time of lending
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For loans with fixed interest rate
For loans of vehicles acquired through Trade-in service and being maximum 5 years old as of the time of lending
For loans with floating interest rate
For loans of vehicles acquired through Trade-in service issued maximum 5 years ago as of the time of lending՝
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In case the Bank does not require Casco insurance, the annual nominal interest rate of the loan is set 1 percentage point lower. |
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Income-based |
Non income-based |
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For loans with fixed interest rate
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For loans with fixed interest rate
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N/A
Lump-sum, non-cash
The purchased vehicle is the collateral.
The bank may, if necessary, require the guarantee of family members or other individuals or entities.
- 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
Right of pledge registration fee
- 2,000 AMD
Accident insurance fee
- 0.15%-0.21% from loan amount
Updated as of 14.08.2024 17:58