CREATE YOUR CREDIT HISTORY
The loan is offered to all those private individual customers, who have reached the age of 18 and study at the higher educational institutions listed here.
Card type | Visa Classic / Mastercard Standard |
Currency | AMD |
Card validity period | 60 months |
Amount of the credit limit | Starting from AMD 50,000
|
Nominal annual interest rate | 15% |
Annual Percentage Rate |
16.45% - 21.16% |
Type of the credit limit |
|
Credit account annual service fee* | AMD 1,000 |
One-off fee for credit line issuance / increase (also applicable for reissuances) | 0.3% |
Cash withdrawal fee at cash points and ATMs |
|
Cash withdrawal from card account without presenting card | 1% |
Reduction of credit limit according to customer's request | AMD 0 |
Increase of credit limit according to client's request | AMD 1,000 |
List of necessary documents to be submitted to the Bank |
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* The service fee is charged at the time of card issuance for the whole year. In case of early termination of the contract the service charge is not subject to refund.
The Students making the maximum quantity of non-cash transactions for the total amount exceeding AMD 500,000.00 until 01.07.2018, i.e. the end of academic year 2018, and will be making use of the settlement cards provided within the framework of the promotion "CREATE YOUR CREDIT HISTORY" without any classification, will have the following advantages towards the events dedicated to the 25th anniversary of the Bank*:
a) 10 of such Students can be included in the list of persons to get practical training at the Bank;
b) The Students who will have the best results during the practical training and will meet the Bank’s criteria, can be registered in the reserve of the Bank’s human resources, with the possibility of further employment at the Bank /minimum 3 students/;
c) Disbursement of a mortgage loan for purchase of real estate to the Student or to one of the family members living together with the Student, at an interest rate by 1 percentage point lower than the rate currently applied at the Bank, and in case of project loans - the received resource + by 1 percentage point in case of complying with the Bank’s lending conditions /minimum 5 students/;
d) For married student couples, in case of excellent study of one of the spouses and in case of submission of the marriage certificate and the documents evidencing the fact of excellent study, the student having excellent grades will get a card as a gift /Visa Classic or Master Standard/ with a balance of AMD 150,000, including the taxes set by the legislation of the RA /5 students in total/. Such couples can also benefit from the advantages mentioned in sub-clause "c" of this decision.
*Choice of the students will be made by the committee established by the Bank special for this purpose; representatives of the authorizes state government body can also be members of such committee.