The following documents must be submitted to the Bank to receive Student loan: 



ID document



    Public service number /reference on non-receiving the PSN 



Payment document from the educational institution (invoice or transfer account number), as prescribed by the RA legislation and required to make the transfer



Reference from the Educational institution, which should include: faculty, the year  of studies, tuition size (the balance for the given academic year), number of bank account of the Educational institution, the year and month of expected graduation, remark on excellent progress (if any) for the last year/semester. 



Property certificate of the guarantor and/or employment reference, where monthly fixed salary should be specified, and the salary actually received during the recent 6 months. 



Guarantee of at least 2 persons (where at least one should be one of the parents or the guardianship of the borrower, the guarantor must be employed, for which employment proof is needed, or the guarantor must be owner or co-owner of real property). 



Other documents upon necessity. 


The page was updated 23.11.2017 10:24

Ուսման վարկեր

Վարկեր` ուսանողների համար

Օգտվեք ուսանողների համար նախատեսված վարկատեսակից։ Ուսումնառության ընթացքում վարկառուները մարում են միայն տոկոսները (առավելագույնը 4 տարի), իսկ ուսումնառության ավարտից հետո կատարվում են վարկի մայր գումարի և տոկոսագումարների հավասարաչափ մարումներ։



  • Տոկոսադրույք
    10%
  • Ժամկետ
    մինչև 10 տարի
  • Նվազագույն գումար

    Not specified

  • Maximum amount

    1 800 000 AMD



The page was updated 21.11.2017 14:28

Student loans  

 

Take the student loans offered by Anelik Bank CJSC.

 

General terms and conditions

Purpose of the loan

Payment of tuition 

Method of disbursement

Non-cash, to be transferred on the bank account of the Higher Educational Institution 

Maximum loan 

1 800 000 AMD, in 4 tranches maximum, during the period of education, moreover the amount of each tranche should not exceed 450,000 AMD, depending on the tuition amount 

Minimum loan amount

Not specified

Minimum maturity 

Not specified

Maximum maturity

120 months, of which interest should be repaid during the period of education (maximum 4 years), and after graduation equal amount repayment of principal and due interest amount to be paid. 

Annual interest rate

12%, of which 2% to be subsidized by the government for all beneficiaries,

And 3% be subsidized by the government for students with excellent progress for the last year.   

Principal and interest repayment       

Annuity payment 

Security

No less than two guarantors, where one of the guarantors must the one of the parents (guardianships) of the student 

As of the date of submitting loan application the borrower must not have any overdue obligations. 

No early repayment fee is applicable for the loans. 

Account service fee 

Not specified

Upfront fee

Not specified

  • The borrower must pay fine in amount of 0.3(zero point three) percent of the debt amount for each overdue day (overdue loan and interest)
  •   In the event of termination (dissolution) of the agreement the borrower must pay interest due accrued from the day of termination till the day of making payment at the rate of bank interest set by the CBA as of the given day.


Student loan shall be approved on the basis of:

·        completeness of documents provided by the clients,

·        Good credit history (no overdue obligations)

·        Guarantor, who meets the set requirements

 

The student loan may be rejected on the basis of:

·        Bad solvency/loyalty of the client

·        such information on the client, which raises question to the information presented by the client to the Bank,

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

·        suspects that the funds would not be used properly, for purposes, other than those, stipulated by the terms of the loan

·        Other grounds.  

Procedure of taking decision

Maximum term of taking decision

2 business days

Term for giving notice to the applicant

Day of taking the decision

Term for giving notice to the client on disbursing the loan

1 business day

Maximum term of the decision

15 business days

How to calculate actual interest rate of Student loan

Loan amount - 1 800 000 AMD

Annual interest rate - 12%
Refinancing - 2%
Maturity - 120 months
Account service fee -  0%
Upfront fee - 0%
Effective interest rate - 12.68%

How to calculate interest

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 21.11.2017 14:50
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