Overdraft Secured by Bonds
If you have bonds from ARARATBANK, you can use a credit line in the same currency secured by those bonds:
- Term: Maturity of the bond
- Maximum Amount: 95% of the collateral value
- Currency: Armenian Dram
The loan is provided at branches of the bank that conduct full financial operations.
Purpose of the overdraft/credit line: Consumer purposes
Annual interest rate for the overdraft/credit line: 13.5% (effective rate — 14.37%)
Penalty for overdue interest: 0.13% per day
Required documents for loan application:
- Passport
- Public service number (social card)
The loan processing time is 3 working days after all required documents are submitted.
For more information, visit ARARATBANK's official website.
