Unsecured loan without income assessment

Lending terms and tariffs

Loan type

Unsecured

Loan purpose

Financing personal needs

Borrower requirements

An Armenian resident individual aged 18–65. The client acts in their own name and for their own benefit. Age at the end of the contract does not exceed 65

Lending limit

300 000 ֏ – 1 000 000 ֏

Loan currency

Armenian dram

Term

12–36 mo

Nominal annual rate*

16–24%

Annual percentage rate

37.72–52.81%

Application review fee

Not charged

One-off origination fee

1.6%

Servicing fee*

0.9% / mo

Disbursement method

Cashless, in full, by transfer to the borrower's bank account

Interest calculation method

Annuity

Loan security

Not required

Guarantee

For loans of 1,000,001–2,000,000 ֏ one guarantor with a positive credit history and registered income may be required

Early repayment penalty

Not charged

Penalty on overdue amount

0.13% of the overdue amount for each day of delay

Order of debt repayment

Penalties and fines, interest, servicing fee, principal

Decision on the application

1–2 business days. Once approved, the loan is disbursed within 10 business days at the latest

Validity of a positive decision

7 business days

Place of disbursement

Head office: 24 V. Vagharshyan St., Yerevan

Required documents

Passport or ID card, public services number. For secured loans — also ownership and valuation documents

Factors affecting a positive decision

Complete set of required documents · Positive credit history · Sufficient income and solvency · Reliable information

Factors affecting a refusal

Negative credit history · Provision of unreliable data · Insufficient income and solvency

* The interest rate, servicing fee and term are set individually, based on the client's credit history and solvency.

WE INFORM YOU THAT THIS LOAN TYPE CARRIES A HIGH ANNUAL PERCENTAGE RATE. THEREFORE, PLEASE FIRST CONSIDER OTHER SIMILAR SERVICES AVAILABLE ON THE MARKET AND ASSESS YOUR ABILITY TO REPAY THE LOAN.