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Overdrafts for gold jewelry purchasers from "Ti amo" stores

Overdrafts for gold jewelry purchasers from "Ti amo" stores

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If you wish to acquire gold jewelry from ti amo jewelry shop but your funds are insufficient, ARARATBANK offers to make use of overdraft.    

  • Maximum amount

    AMD 1.000.000/ equivalent USD

  • Interest rate

    18%-22% AMD 22%, USD 18%

  • Maximum period

    12 months

  • Currency

    AMD, USD

Conditions

 

Borrower RA citizen and resident individual aged 25 (twenty-five). Borrower age shall not exceed 60 (sixty). 
Currency AMD, USD
Overdraft amount Maximum loan amount – AMD 1.000.000 or USD 2.000 (provided that the loan is disbursed through DC Super Premium card), AMD 500.000 or USD 1000 ( provided that the loan is disbursed through DC Young Professional card)
Maximum maturity 12 months
Annual interest rate AMD - 22%, USD– 18%
Overdraft repayments Equal amortization
Overdraft disbursement mode Non-cash: paying for the item through POS-terminal installed in the outlet of PE Yerem Oganesyan
Overdraft purpose Purchase of gold items
Card type DC Young Professional, DC Super Premium
Annual card service fee AMD 12.000 (DC Young Professional), AMD 18.000 (DC Super Premium), Upfront fee charged once
Overdraft and interest repayments Monthly
Penalty on past-due principle  0.06% daily
Penalty on past-due interest  0.07% daily
Annual interest rate on past-due overdraft principle  Annual interest rate stipulated by the loan agreement
Requirements to the credit history of the Borrower Lack of past-due liabilities within 24 months prior to the loan application as well as the total of past-due liabilities shall not exceed 30 days 
Overdraft service fee paid by the Borrower Upfront fee charged once on the day the overdraft application is accepted – AMD 1.000
Credit rating Positive credit history, registered income or permanent employment
Required documents
  • Passport 
  • Social security card
Useful information

Please follow the Armenian version

Attention

Please follow the Armenian version

 

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Financial assistant
ABC finance

Page updated 17.09.2019 | 14:59

In case of discrepancy between Armenian and English versions of the information, the priority is given to the Armenian version.