CONSUMER STATE CREDIT


Consumer loans for the staff of the Ministry of Defense of the Republic of Armenia, and the staff with military rank of the National Security Service and that of RA Police adjunct to the Government of the Republic of Armenia

Borrower

 

Individuals, who are RA citizens and residents at the age of 20 (twenty),  who are:

  1. Staff of the RA Ministry of Defense (including all military units), junior and senior officers of the National Security Service adjunct to the Government of the Republic of Armenia (including those having the rank of colonel and lieutenant). 
  2. Staff of the RA Police adjunct to the Government of the Republic of Armenia (ranging from the rank of lieutenant to the rank of colonel of the Police)   
  3. Staff of non-commissioned officers and private soldiers of RA Ministry of Defense (except for the compulsory military servants), staff of non-commissioned officers of the National Security Service adjunct to the Government of the Republic of Armenia and junior service staff of the RA Police adjunct to the Government of the Republic of Armenia.     

Loan purpose

Acquisition of household appliances

Currency

AMD

Maximum loan amount

  1. AMD 1.000.000 for the junior and senior officers of RA Ministry of Defense and National Security Service adjunct to the Government of the Republic of Armenia and the high, senior and mid-ranks of  Police adjunct to the Government of the Republic of Armenia.
  2. AMD 500.000 for non-commissioned officers and private soldiers of RA Ministry of Defense (except for the compulsory military servants), staff of non-commissioned officers of the National Security Service adjunct to the Government of the Republic of Armenia and junior service staff of the RA Police adjunct to the Government of the Republic of Armenia.    

Moreover, within the framework of the project the borrowers can be disbursed new loans, if they have repaid at least one of the previously obtained loans within the framework of the same project, the contract amount of which must be greater than or equal to the contract amount of the loan to be received. 

Maximum maturity

 

84 months. However, the loan can be disbursed for a shorter period only upon the customer consent.  

Annual interest rate

 

12%, of which 2% (two) will be subsidized. If the borrower has three and more under-age children, 3% (three) will be subsidized.   

Loan repayments

 

Annuity

Loan disbursemn mode

Non-cash

Loan amount shall be immediately transferred to the vendor’s account.

Loan and interest repayments

Monthly

Penalty on past-due loan 

0.3%  daily

 

Penalty on past-due interest 

0.5%  daily

 

Annual interest rate on past-due loan amount 

CBA settlement interest rate

Requirements to the Borrower’s and Guarantors’ credit history

The Borrower must not have past-due/classified liabilities on the day the loan application is submitted and the total of past due days must not exceed 30 days within previous 24 months

Credit rating

Positive credit history

Loan service fee

N/A

Required documentation

1.Reference from work place, stating the rank and salary amount;  

2. Invoice

3. Copies of passport or identification card, social security card or public service number

4. Copy of the child’s birth certificate or passport (if available)

 

LIST OF HOUSEHOLD APPLIANCES

1.

Head-phones

2.

Satellite receiver

3.

Iron

4.

Blender

5.

Gas stove

6.

Laptop

7.

Record-player

8.

Kettle

9.

Washing machine

10.

Home theater

11.

Computer

12.

Mixer

13.

Bake oven

14.

Telephone

15.

TV set

16.

Juicer

17.

Hasher

18.

Dried fruit maker machine

19.

Printer

20.

Oven

21.

Water heater

22.

Refrigerator

23.

Dish washing machine

24.

Stove

25.

Vacuum cleaner

26.

Kitchen extractor fan

27.

Air conditioner

28.

Camera

 

 

 

SMS service

terms and conditions

* card expiry

* loan or overdraft maturity upon customer request

* (line of credit) overdraft repayment date and amount drawn from the account  upon customer request   

* annual service fee

* loan or overdraft monthly repayment  upon customer request

 

 

 

    AMD 30.00

 

 

 




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