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• Passport 
• Social security card
• Reference from the place of employment regarding position, salary and work experience in the given company․  

The loan application will be rejected if:

1. the customer fails to submit all documents necessary for getting the loan (passport and social security card, employment reference regarding position, salary and work experience in the given company).
2. the customer must have a six-month work experience and must have got a salary for at least 1 month.
3. the query made to “ACRA Credit Reporting” credit bureau shows that the customer had past-due or classified liabilities within 24 months prior to the loan application (except for repaid guarantees) as well as the total of past-due liabilities exceeded 30 days. 
4. the customer turned out to be not credit worthy as a result of credit rating.    
5. the body authorized to take loan decisions rejected the loan application.
6. the loan has been approved, but the customer has failed to present himself/herself within 10 days after approval or has failed to present the necessary documents.
7. During the lending process the Bank has received information which prejudices the customer’s solvency.

The loan application will be approved if:

1. the customer has submitted the complete package of documentation (passport and social security card, employment reference regarding position, salary and work experience in the given company).
2. After the loan application and the required documentation have been submitted, a query is made ACRA credit bureau regarding the customer’s credit history.
3. After the Bank discovers that the customer has a positive credit history or no credit history at all, the Bank shall make an evaluation of the customer’s creditworthiness and solvency.
4. If the evaluation of creditworthiness shows positive results the Bank shall disburse the loan.

Please follow the Armenian version