Bond secured loans

Bond secured loans

Loans secured with bonds


Get use of the loan secured with bonds! Receive the loan in the amount of  95% of nominal value of the pledged bonds. You can repay the loan either on the annuity basis or discount basis.   

  


  • Interest rate
    For USD (for the same currency of bonds) – annual coupon yield + 1%

    For AMD (if the currency of the bond is US dollars) – refinancing interest rate of the CBA + 5%  
  • Maturity
    till the date of repayment of bonds
  • Minimal amount
    Not specified
  • Maximum amount
    250 000 000 AMD


The page was updated 22.11.2017 16:00

Bond secured loans 

Loans secured with bonds
 
 

General terms and conditions

1 Type of the loan Loan Credit line
2 Minimum amount /limit Not specified
3 Maximum amount /limit 250 000 000 Armenian drams or equal foreign currency
4 Currency US dollars, Armenian drams
5 Annual interest rate for the loan/credit line For US dollars (for the same currency bonds) – annual coupon yield + 1%,

For Armenian drams (where the bonds are denominated in US dollars) – Refinancing interest rate of the CBA + 5%
6 Annual interest rate, calculated for the unused part of the credit line 0%
7 Loan to collateral ratio 1) For the repayment of the loan on annuity basis – in the amount of 95% of the nominal value of pledged bonds, for loans denominated in US dollars, and 85% for loans denominated in the Armenian drams.
2) For discount repayment – in the amount of 100% of the of the nominal value of pledged bonds, for loans denominated in US dollars, and 90 % for loans denominated in the Armenian drams

3) For credit line - in the amount of 95% of the nominal value of pledged bonds, for loans denominated in US dollars, and 85% for loans denominated in the Armenian drams.
8 Repayment method Annuity – equal monthly repayment,
or

Discount – repayment of interest at the time of disbursement and the principal amount – at the maturity.
1) Repayment of interest – till the 15th day of each month in the aggregate amount  of interest accrued as of the 1st day of the same month  
2) Repayment of the principal at the maturity
9 Maximum maturity Date of repayment of bonds
 10 Method of disbursement Cash Non-cash, by payment card
Non-cash, by payment card*
 11 Security Bonds issued by Anelik Bank CJSC by the client or other person (individual, legal entity)
 12 Terms of extension  May be extended at the maturity of the loan/credit line, if:

1. As of the time of extension the borrower doesn’t have any classified/overdue loan obligation,

2. The term may be extended till the day of repayment of bonds maximum.


*Loans extended in foreign currency are provided by payment card only.  

Requirements to the borrower

14 Status 1) individual, resident of RA
2) individual, non-resident of RA
3) Legal entity – resident of RA
other that companies – participants of the financial market, according to the RA legislation 
 
15 Eligible age of the individuals As of the date of accepting the loan application the age of the borrower must not be less than 18.
16 Requirements to the credit history of individuals or legal entities, RA residents As of the date of disbursing the loan the borrower must not have overdue/classified obligations

Terms and rates of payment card

16 Type of payment card 1) The type of payment card, provided to the borrowers, individuals:

- Visa Classic for loans /credit lines in the amount below 5 000 000 Armenian drams / USD 10 000 / 650 000 Russian rubles,
-  Visa Gold for loans/ credit lines in the amount from 5 000 001 Armenian drams/USD 10 001/ 650 001 Russian Ruble to 25 000 000 Armenian drams/USD 50 000/ 3 200 000 Russian Rubles,
- Visa Platinum for loans/ credit lines in the amount above 25 000 001 Armenian drams/USD5 0 001/ 3 200 001 Russian Rubles

2) Irrespectively of the amount of the loan/credit line the borrowers – legal entities are provided MasterCard Business payment card

17 Annual service fee for payment card Free
18 Cashing through ATMs and cashing points According to the rates applicable in the Bank
19 Minimum balance of card account Not specified

Fine, Penalty

  Loan Credit line
Fine, penalty for overdue loan (per day) 0.1%
 0.1%
Fine, penalty for overdue interest (per day) 0.1%

Other terms and conditions

22 Why the loan/credit line may be rejected 1) Negative credit history,

2) such information on the client, which raises question to the information provided by the client to the Bank,

3) such information on the client, which raises question to the return of the loan,

4 ) Other grounds
23 Maximum term of taking decision on disbursing the loan/credit line 1) for loan/credit line below 20 000 001 Armenian drams – 1 business day after submitting loan application,

2) for loan/credit line above 20 000 001 Armenian drams  – 2 business days after submitting loan application
24 Term of notification 1 business day after taking the decision
25 Term of disbursement 1 business day after submitting loan application, and 3 business days for card loans 
26 Maximum term of decision 10 business days
27 Place of accepting the loan application and execution of loan/credit line All branches


How to calculate annual actual interest rate for bond secured loans:

• Loan amount -
10 000 000 AMD,
• Annual interest rate - 11.25%
• Maturity - 24 months,
• Annual actual interest rate - 11.81 %:

Method of calculation of interest amount 

Interest amount is applied to the reduced balance with the account of 365 days a year. 

ATTENTION: THE INTEREST ACCRUED TO THE CREDIT AMOUNT IS CALCULATED ON THE BASIS OF NOMINAL INTEREST RATE. THE ACTUAL ANNUAL PERCENTAGE RATE SHOWS THE COST OF THE LOAN IF YOU PAY THE INTEREST AND OTHER DUE PAYMENTS WITHIN THE DEFINED TERMS AND AMOUNTS.

Early repayment of the loan
No early repayment fee is charged

Exchange rate effect 
Taking into account the fact that the Bank provides loans in both Armenian drams and foreign currency, the borrower should understand that foreign currency fluctuations can have either positive or negative impact on the loan repayment.

  Loan request rejection  

The Bank may reject loan applications of those clients, which fail to meet the program requirements or where the Bank is not sure of the solvency of clients; the Bank can provide written notice on rejection upon request of the client.   The Bank is liable to provide such information on rejecting the loan to other banks of RA and credit organizations (according to the RA Law on banking secrecy).

ATTENTION: IN CASE OF FAILURE TO REPAY THE LOAN INTEREST AND/OR PRINCIPAL WHEN DUE YOUR ASSETS CAN BE SEIZED. THE INFORMATION ABOUT YOUR OVERDUE LIABILITIES SHALL BE RECORDED IN THE CREDIT REGISTER.

If the funds received as a result of disposal of pledged property are not enough to cover the borrower's liabilities under the loan, such liabilities shall be paid on the account of other equivalent assets of the borrower.

The page was updated 23.01.2018 14:42
The following documents should be presented to the Bank for loan secured with bonds:

  • ID document    

  • Public service number (reference on non-receiving PNS)

The page was updated 22.11.2017 16:19
Attention: The Bank does not bear any responsibility for the inaccuracy of information on the linked web sites, nor does it accept any responsibility for the advertisements therein or possible consequences arising out of use of information provided on the linked web-sites. In case of any discrepancies in the website materials in Armenian, Russian and English languages, the Armenian version is prevailing.

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