Overdraft with Bank Cards
Customers receiving salaries with ARARATBANK cards have the opportunity to benefit from overdrafts. The overdraft is provided as an additional financial resource to be used when necessary before receiving the salary.
Currency
Armenian Dram
Maximum Amount
Up to 500% of the salary rate of non-taxable income
Term
36 months
The credit line is provided in the bank's branches that carry out full financial transactions.
Purpose of the Credit LineConsumer
Annual Interest Rate of the Credit Line17 % (effectively 17.24 %)
Method of Providing the Credit LineThrough payment cards
Repayment of Interest AmountsMonthly
Penalty for Delayed Obligations (Principal and/or Interest Amounts)0.13% per day
Early Repayment of the Credit LineNo penalties apply
This condition does not apply to employees of corporate clients cooperating with the bank within the framework of the salary project.
