Overdraft Secured by Deposit

Overdraft Secured by Deposit

Our depositors have the opportunity to utilize a credit line/overdraft in the currency of the deposited amount, with the advantage of a minimal document package and a short application review period:

• Currency

  Armenian dram

• Maximum Amount

  95% of the collateral value

• Term

  Term of the deposit

• Interest Rate

  Interest on the deposit + 3% per annum

The loan is provided in the bank's branches that carry out full financial operations.

Consumer

Armenian dram

Armenian dram, US dollars/euros

1. Interest repayment at the end of the overdraft/credit line term - 90% of the collateral value

2. Monthly interest repayment - 95% of the collateral value

The term of the overdraft/credit line cannot exceed the term of the deposited amount

Annual interest rate for the attracted (pledged) deposit plus 3 percentage points 13.5%

8.67%-14.38%

With a loan/collateral ratio of up to 90%, the borrower may, at their discretion, repay the principal amount and interest during the term or at the end of the term, while for a ratio of up to 95%, it is mandatory

Interest repayment for the overdraft/credit line is made monthly

0.13% per day

0.13% per day

No penalties apply

Attention: Interest on the loan is calculated based on the nominal interest rate. The actual annual interest rate indicates how much the loan will cost you when all mandatory payments are made within the specified timeframes and amounts.