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Deposit secured overdraft

Deposit secured overdraft

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Our depositors can enjoy a line of credit or overdraft at the same currency of the deposit they hold for up to 95% of their deposit amount. Minimum documentation and short-time for loan application processing are among the advantages of this overdraft.     

  • Interest rate

    Deposit interest rate + 3% per annum

  • Period

    Deposit effective period

  • Maximum amount

    95% of loan-to-value ratio

  • Currency

    Ավանդի արժույթ

Conditions
Overdraft amount Interest repayment by maturity Monthly interest repayment
90% of loan-to-value ratio 95% of loan-to-value ratio
Overdraft maturity Overdraft effective period cannot exceed the deposit effective period

Overdraft annual interest rate Deposit interest rate + 3% per annum

Penalty on past-due interest 0.07% daily

Penalty on past-due overdraft    0.06% daily

Annual actual interest rate calculation  sample

Required documents
  • Passport 
  • Social security card

Loan amount

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Annual interest rate

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All fields are required to be filled out and must not contain 0.
Term Payable interest Partial repayment of the loan General payment
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Financial assistant
ABC finance

Page updated 29.01.2019 | 17:04

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