ARARATBANK

CONSUMER LOANS

Our advice to you - there is nothing unachievable

Loans for AMD 200 000 -1 500 000 are provided with 18 month repayment period and with 18% annual interest rate, You pay 50 % of the estimated price of real estate or mobile you prefer to buy as prepayment and effective rate of 22.99% - 25.45%.

Note.
Any changed condition of the loan will affect Effective annual interest rate. Final Effective annual interest rate is calculated on the date of conclusion of the credit contract.

INFORMATION

Loan type	Type of interest accrual	Type of loan and interest repayment
Consumer loan	annual – on the loan balance, accepting year as 365 days	annuity and flat rate depreciation

Notification
*annuity -* each month evenly repaid amount, which includes both loan amount and interest amount
*flat rate depreciation -* each month with loan amount evenly repaid and gradually decreasing interest amount accrued on the loan balance

*Information*
Formalization of loans are made in ARARATBANK OJSC and in the bank's branches.

WARNING!!!
IN CASE OF NONPERFORMANCE OR IMPROPER PERFORMANCE, WITHIN FIXED TERMS AND IN ACCORDANCE WITH FIXED PROCEDURES, OF THE LOAN OBLIGATIONS INCURRED IN ACCORDANCE WITH THE LOAN AGREEMENT, ALL THE OBLIGATIONS ТО THE BANK ARE REPAID AS BACK-UP MEASURE AT THE EXPENSE OF THE RESOURCES APPEARED AS A RESLT OF FORCEDLY COLLECTION AND SALE OF PLEDGED PROPERTY.

In case of any discrepancies between the two language versions of the published information, the Armenian version shall prevail.

Updated 29.01.2010, 10:02:00