Give wheels to your dreams

Acquisition of a light passenger vehicle for personal use from the secondary market

RA resident individual
Borrower's age at the time of application: 21‑65 years old

At the time of loan issuance must not exceed 8 years

 AMD

• For fixed‑rate loans: 48 months
• For floating‑rate loans: 60, 72, 84 months

3 000 000 ‑ 50 000 000 

Of the market value of the acquired vehicle from 0% onward  - starting from

For loans granted via automated system:
    For new vehicles up to 2 years old: minimum 10%
    For vehicles 2‑4 years old: minimum 20%
    For vehicles 4‑8 years old: minimum 30%

up to 100%

Not charged

One‑time, non‑cash method

According to the relevant bank account tariff plan

The acquired vehicle shall serve as the pledged collateral.

 

The bank, as needed, may require guarantee by family members, other individuals or legal entities, and additional collateral.

• CASCO insurance of the pledged vehicle, provided by the Bank: the Bank ensures CASCO insurance throughout the loan term
• Accident insurance of the borrower/co‑borrower/guarantor may also be required

The insurance is carried out annually over the entire loan term — at least for the remaining loan balance. If the Bank arranges it: the contract is signed with one of its partner companies; if the Client arranges it: the Client may choose any insurance company.

The beneficiary of the insurance is the Bank.

 

CASCO insurance may not be required if all the following conditions are met:

• The down payment is 30% or more
• The loan amount does not exceed AMD 10,000,000

Annuity (monthly payment of principal and interest)

No penalties are imposed

Property appraisal fee

• Up to AMD 15,000

Collateral registration fee

• AMD 2,000

Accident insurance premium

• 0.15%–0.21% of the loan amount

A penalty is charged for each overdue day on the unpaid amount at up to  0.1315%

AMD 20,000 

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