"Amarayin/Summer" deposit
Effective June 16, 2017 through August 31, 2017, take an opportunity to open a special "Amarayin/Summer" deposit with Converse Bank on below terms.
| Currency | AMD | |
| Type | Without replenishment | |
| Effective period | 12 months | |
| Annual simple interest | 10% | 10.5% upon opening deposit through Internet-Bank |
| Payment of interests | Upfront at the beginning of the term | |
| Minimum amount | AMD 100,000 | |
| Max aggregate deposit(s) per depositor | AMD 50,000,000 | |
Open AMARAIN Deposit and enjoy the following benefits:
- No cash withdrawal fee is charged for cash payment of online Deposit at expiry.
- "Special Offer" are applied to Depositors.
- 50% discount is offered for use of safe deposit boxes at Kilikia and Nor Nork branches.
The customers opening Deposit within the scope of the Campaign can get ArCa Classic non-revolving credit card on below terms:
| Repayment | Annuity-based, by equal monthly installments |
| Limitation for use of credit card |
The credit card can be used within 2 months from issuance, only when making purchases from companies partnering with the Bank under ConverseQvota.
List of partnering companies here.
|
| Credit limit | Triple Deposit amount, but no more than AMD 1,500,000 |
| Annual interest rate | 0% |
| Origination fee | AMD 10,000 (one-time, payable before issuance of credit card) |
| Max maturity | 15 months, first installment is made starting from the 4th month (3-month grace period is granted for the first 3 months). |
| Fines and penalties | Upon breach of due dates, the Borrower pays the Bank a penalty at 0.5% of the overdue loan for each day of delay. The Bank applies a one-time penalty of AMD 5,000 on the 5th business day for delay in principal payment. |
| Card issuance and card account service fee | AMD 0 |
| Security | For Loans of up to 100% Deposit amount - cash on Deposit account (respective portion thereof), and above 100% - unsecured for the amount in excess. |
| LTV ratio | Up to 300%, |
| Creditworthiness requirements |
The applicant has to be a registered employee at the date of filing of loan application, and within a year preceding the date of application:
|
At the Depositor’s discretion, the Deposit Agreement will be extended at expiry on the terms and conditions applied by the Bank to PROGRESS or ORAKAN (Daily) deposits at the particular date.