TDA Secured Loan

Secured by Collateral Loan

Apply and get loans collateralized by movable or immovable property without any proof of Income.

 

Fixed interest rate

Floating interest rate


Maturity term



    • 60, 72 months  for loans secured by immovable property
    • 60 month for loans secured by vehicle
  • 84, 96, 108,120 months  for loans secured by immovable property

 

Loan amount

  • 2 000 000-50 000 000 AMD months  for loans secured by immovable property
  • 1 000 000-10 000 000 AMD month for loans secured by vehicle

 

Based on income

No income justification

Annual nominal interest ratefor loans secured by immovable property

Fixed  - 14% - 16%

Floating - For the first 3 years - unchangable 14%-16%, then it will be floating

Fixed  - 16% - 17%

Floating - For the first 3 years - unchangable 16%-17%, then it will be floating

In case of refinancing of consumer loans secured by real estate collateral by other financial institutions

Three percentage points deducted from the current interest rate of the refinanced loan, but a minimum  of 11% and a maximum of 13% in the case of income based loans.

Three percentage points deducted from the current interest rate of the refinanced loan, but a minimum  of 12% and a maximum of 13% in the case of income based loans.

In case of loans with fixed interest rate for 72 months, the annual nominal interest rate of the loan is set by 0.5 percentage points higher

Annual percentage rate for loans secured by immovable property

Fixed- 15.26-20.83%

Floating-  15.12-19.88%

Fixed- 17.56-22.07%

Floating-  17.42-21.10%

 

Based on income

No income justification

Annual nominal interest rate* month for loans secured by vehicle

 Fixed - -14% - 19%

·         19%

Annual nominal interest rate month for loans secured by vehicle

16.04% - 23.69%

  21.96-23.69%

In case of a floating interest the annual nominal loan interest rate is revised by the Bank not more than twice a year. The maximum threshold of increasing/decreasing the annual nominal interest rate is set as +/- 3 percentage points

Loan service fee


    • 0,5% of the loan amount for loans secured by immovable property, minimum 50 000 AMD
    • 2% of the loanminimum AMD 30 000 for the loans secured by movable property
    Early loan repayment


    Loans may at any time be early repaid (wholly or partly). In this case there is no penalty applied for early repayment.

    Repayment of overdue liabilities

    For each delayed day, a 0.13% 
     is applied on the overdue amount. 

    Security

      • Collateral (immovable property, vehicle).
      • The Bank may require the Borrower's family member guarantee, if necessary.

    In case of non-fulfilment of obligations by the Borrower, the Guarantor shall be obliged to pay instead of the Borrower, as well as the Guarantor's credit history will get worse and the Guarantor may lose his/her own property

    LTV ratio

    Real estate
    • 70% of the appraised liquidating value of the property located in Yerevan

    65% of appraised liquidating value of property located in other place outside Yerevan acceptable for the Bank

    Real estate
    • 50% of the appraised liquidating value of the property located in Yerevan
    • 45% of appraised liquidating value of property located in other place outside Yerevan acceptable for the Bank


    Vehicle
    • 70% of the appraised liquidating value
    Vehicle
    • 45% of the appraised liquidating value
    Insurance
      • Accident insurance of the borrower and co-borrowers in the amount of loan until the loan pay-off, upon requirement of the Bank, depending on the level of risk of the loan.
    Repayment method
    Annuity (monthly equal interest and principal amount payment)

    Making decision on loan disbursement and notice to the Customer

    Up to 1 working day after the submission of necessary documents

    Time for loan disbursement

    within 7 working days after the approval

    Methods of contacting with the Bank


    You have the right to communicate with Inecobank CJSC in the way you prefer: via Post or E-mail. To get information electronically is the most convenient way. It is available 24/7, is free of risks of paper document loss and provides confidentiality.


    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

    You can get acquainted with the procedure of banking services provided via remote control systems at InecoOnline system and InecoMobile  application pages.

    Updated as of 01.04.2024 16:18