Currency

AMD

Amount

2,000,000 - 30,000,000 AMD

Term

In case of purchase from the primary market - 24 - 84 months
In case of purchase from the secondary market - 12 - 48 months

Annual interest rates by prepayment

Prepayment

Interest rate¹

PTI²

In case of loan amount up to 15 million AMD

In case the loan amount exceeds 15 million AMD

20 - 29.9%

Nominal

13%

≤65%

≤65%

Actual

14.17 - 16.67%

30% and above

Nominal

12%

not applicable

Actual

13.04 - 15.51%

Fee for loan application review

5,000 AMD (charged once when entering the loan application)

Provision fee

1% of the loan amount, minimum 20,000 AMD
(charged as a one-time fee, before loan disbursement)

Loan account service fee

0

Assessment of collateral³

Implemented by the Bank,

Notary validation

Registration of the right to pledge

Limitations

In case of purchase from the secondary market, the year of manufacture of the electric car should be 2017 and higher.
Borrower's age at the time of loan application: 21-55,
Requirements for the credit history of the borrower and persons running a common household with the latter
- At the time of applying for the loan, the applicant / co-borrower should not have an overdue loan obligation (including guarantees).
- Within the one year preceding the loan application date, there should be no stricter than "standard" classification for all current / repaid loans of the applicant / co-borrower (a loan application may be considered in case of a repaid obligation under the "Supervised" class, however the annual nominal interest rate will be determined 1 percentage point higher), as well as a total amount of overdue days exceeding 25 days (conditions do not apply to guarantees).
Persons running a common household with the applicant should not have any existing overdue loan liabilities or classification for any loan under stricter than "non-standard" class (including guarantees) at the time of applying for loan.

¹ In case of buying an electric car from the primary market, the annual nominal interest rate will be set by 0.5 percentage points lower.

² PTI - The ratio of the maximum amount of monthly repayments set by the repayment schedule for the given loan (including principal, interest, service fee) to the total of the net monthly incomes of the borrower/co-borrower and the persons running common household with the latter.

³ In case of acquisition from the primary market, the loan / collateral ratio is calculated based on the value presented in the reference provided by the car dealership or the amount stipulated in the contract / agreement with the cooperating organization.