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Lines of credit (overdrafts) — secured by bonds issued by ARARATBANK OJSC — to individuals at the same currency as bonds

Lines of credit (overdrafts) — secured by bonds issued by ARARATBANK OJSC — to individuals at the same currency as bonds

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ARARATBANK offers a bond-secured line of credit at the same currency of the bonds they hold.  

Bondholders only can apply to ARARATBANK for the line of credit.    

  • Interest rate

    The coupon rate of the issued bond+3%

  • Period

    The bond effective period

  • Maximum amount

    LTV ratio 95%

  • Currency

    Bond currency

Conditions
Overdraft amount

Interests paid at maturity Interests paid monthly
LTV ratio 90% LTV ratio 95%
Overdraft maturity Overdraft effective period cannot exceed the bond effective period.

Overdraft annual interest rate 3% per annum added to the coupon rate of the issued bond

Annual actual interest rate calculation sample

Required documents
  • Passport 
  • Social security card
Useful information

Please follow the armenian version

Attention

Please follow the Armenian version

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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0 0 դր. 0 դր. 0 դր.
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0 0 դր. 0 դր. 0 դր.
0 0 դր. 0 դր. 0 դր.
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0 0 դր. 0 դր. 0 դր.
0 0 դր. 0 դր. 0 դր.
General 0 դր. 0 դր. 0 դր.

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Financial assistant
ABC finance

Page updated 17.09.2019 | 14:58

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