
To remitters
If you have transferred and received amounts of more than USD 800 a month during a 3-month period, you can use a line of credit with DC Young Professional payment card before receiving your next remittance.
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Currency
USD
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Maximum amount
USD 2000
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Period
24 months
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Interest rate
16%։ actual interest rate 18․13-23.43%
Borrower | Customers sending and receiving money via fast remittance systems |
Overdraft currency | USD |
Annual interest rate | 16% |
Overdraft maximum amount | USD 2.000, the total of remittances sent and received each month 3 months prior to submitting the loan application should be USD 800. |
Overdraft maturity | 24 months |
Overdraft disbursement mode | By payment card |
Card type | DC Young Professional |
Card effective period | 24 months |
Annual service fee of the payment card | AMD 4 000 |
Cash withdrawal from ATMs and POS terminals of ARARATBANK OJSC | 0% |
Interest repayments | Monthly |
Overdraft repayments | Equal amortization |
Penalty on past-due interest |
0.07% daily |
Penalty on past-due principle | 0.06% daily |
Requirements to the credit history of the Borrower |
Lack of past-due liabilities within 24 months prior to submitting the loan application. As for repaid liabilities, the loan must be at least classified as watched and the total of past-due liabilities shall not exceed 30 days. |
Dear Customer, the ratings and the number of inquiries generated as a result of your loan applications may affect your overall credit rating in the Scoring systems.
- Passport
- Social security card․
Please follow the Armenian version
Please follow the Armenian version
Term | Payable interest | Partial repayment of the loan | General payment |
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Page updated 07.08.2023 | 16:29
In case of discrepancy between Armenian and English versions of the information, the priority is given to the Armenian version.