Loans on favorable terms Premium

Premium

Loans on favorable terms

Get the opportunity to use several types of loans extended on favorable terms          


  • Interest rate
    14%-22.5%
  • Maturity
    up to 36 months
  • Minimum amount
    150 000 AMD
  • Maximum amount
    5 000 000 AMD

The page was updated 22.01.2018 17:14

Premium 

Loans on favorable terms1

General terms and conditions

1

Borrower

- employees of state financed institutions (state and/or local budget financed institutions)

- employees of the RA health care area,

- employees of top 300 organizations of 1000 large taxpayers2,

- employees of international organizations, embassies, representations in RA,

- Employees of state non-commercial organizations,

- employees of nongovernmental higher professional education institutions,

- employees of IT and ICT companies

-   employees of banking system, credit organizations and audit companies of RA

- employees of insurance and investment companies of RA

- organizations, included in the energetic infrastructure of RA,

- Notaries

2

Type of the loan

Loan/credit line

3

Minimum limit of the loan/credit line

150 000 Armenian drams or 300 US dollars

4

Maximum limit of the loan/credit line

5 000 000 Armenian drams or 10 000 US dollars

Up to 3 000 000 Armenian drams or 5 000 US dollars

Unless the aggregate amount of all unsecured loans of the borrower exceeds six x net salary 3.4

Unless the aggregate amount of all unsecured loans of the borrower exceeds eight x net salary3.4

5

5.1 Annual interest rate of the loan (if the borrower receives the salary on the bank account or transfers it to the Bank)

AMD

16%

18%

USD

14%

15%

5.2 Annual interest rate of the loan (if the borrower neither receives the salary on the bank account nor transfers it to the Bank)

AMD

19%

21%

USD

16%

18%

6

Annual interest rate of the credit line

Appropriate interest rate set forth in clauses 5.1 and 5.2 + 0.5%

7

Minimum maturity of the loan/credit line

12 months

8

Maximum maturity

Loan

36 months

Credit line

24 months

9

Method of disbursement

Loan

- Loans denominated in the Armenian drams are allocated on the current account or payment card account.
- loans denominated in foreign currency are allocated on payment card only.

Credit line

Non-cash – on payment card

10

Method of repayment

Loan

Annuity

Credit line

-monthly deposit on card account in the aggregate amount of at least 10% of the sum used as of the 1st day of each month and monthly repayment of accrued interest on or before the 15th day of the same month.

 - repayment of the principal amount – at the maturity  

11

Grace period (for credit line)

1) till the 15th day of each month – for non-cash transactions performed during the given month
2) Not applicable for cash withdrawal and card to card transfers

12

Interest rate accumulated on not used balance of the credit line

0%

13

Security

Cash flows

Requirements to the borrower

14

Ratio – aggregate bond obligations (average monthly) calculated for the borrower /net income (average monthly)

(ABO ratio)*

maximum 55%

* at the ABO calculation the renewable credit line is taken into consideration only in the amount of interests, unless otherwise prescribed by the credit line agreement 

15

Eligible age

Eligible age of the borrower as of the date of accepting the loan application should not be less than 18 and not have exceed 65 at the loan maturity   

16

Requirements to the credit history of the borrower (good credit history)

No overdue obligations (loan, credit line, overdraft, guarantee, etc) to the banking system as of the date of submitting loan application

No more than 30 days in aggregate of overdue liabilities, on different loans (credit lines, overdrafts, guarantees) over one year (365 days) preceding the date of submitting loan application, or

 

3) No credit history


Fees

17

Application processing fee

2 000 AMD

18

Account opening fee

According to the rates applicable at the Bank


Rates of payment card

19

Rates and terms of payment card

If the borrower receives the salary through the Bank

- Individual payroll card – according to the rates applicable by the Bank, or

- any payment card issued by the Bank according to the rates applicable by the Bank

 

If the borrower receives the salary through other bank

Visa Electron / Cirrus /Maestro - according to the rates applicable by the Bank,

Visa Gold / MasterCard Gold, Visa Platinum – with 50% discount for annual service, and other rates – according to the rates applicable at the Bank


Fine, penalty

 

Loan

Credit line

For late loan payment (daily) 

0.1%

0.1%

For late interest payment (daily)

0.1%

0.1%

Other terms and conditions

22

Other types of credits

Persons, specified in clause 1 herein may be extended other types of loans on beneficial terms, as set forth in Annex 2. 

23

Additional benefits

The borrowers are provided free insurance package “AI+” within the scope of this type of the loan

24

Positive factors for disbursement of the loan/credit line

Good credit history

25

Why the loan/credit line may be rejected

1) Bad credit history,

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

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

4 ) other grounds

26

Maximum term of taking decision on the loan/credit line

Maximum 2 business days after presenting all required documents to the Bank

27

Term for giving notice to the client

1 business day after taking the decision

28

Maximum term of disbursing the loan

Date of execution of the loan agreement

29

Maximum term of the decision

15 business days

30

The place of accepting loan application and executing the loan/credit line

Head office and all branches 

1. The terms are valid for:
а) individuals, who has the following fixed salary:
-minimum fixed salary for individuals registered in the city of Yerevan – AMD 150 000
- minimum fixed salary for individuals registered in marzes (other than Yerevan) – AMD 100 000
б) the aggregate amount of all unsecured loans of the borrower should not exceed eight X net fixed salary.
2. http://taxservice.am/Content.aspx?itn=TILists
3. Net income confirmed with appropriate statements shall be considered as a salary for Notaries.
4.If the client presents salary statements from two or more employers, the Bank may consider the aggregate amount of salaries set forth in such salary statements. Moreover, at least of such statements should meet the requirements of these terms and conditions as to the salary and place of work.


How to calculate actual interest rate of the “Premium” type of loan: 

  • Loan amount - 3 000 000 AMD
  • Annual interest rate - 16%
  • Maturity: 36 months
  • Application processing fee - 2000 AMD
  • Effective interest rate - 17.25% 

How to calculate actual annual interest rate for the “Premium” credit line: 

  • Loan amount - 1.000.000 AMD
  • Annual interest rate - 16.5%
  • Maturity: 24 months
  • Application processing fee - 2000 AMD
  • Card annual service fee - 2000 AMD
  • Cash withdrawal from ATMs of the Bank - 0.5%
  • Effective interest rate - 19.19%

How to calculate interests 

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 

No penalty is applied for early repayment. 

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 14:32
The following documents must be submitted to the Bank to receive “Premium” type of loan

  • ID document    

  • Social card (reference on non-receiving social card)





    Salary statement of the borrower/annual statement (for notaries), banking account statement upon necessity




    If the borrower transfers the salary to the bank, he/she must submit application on further transfer of the salary to Anelik Bank CJSC
The page was updated 21.11.2017 14:21
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.

online_call