Deposit secured overdraft

Deposit-secured overdraft

 Terms and conditions of the deposit-secured overdraft to individuals at the same overdraft currency

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


Penalty on past-due overdraft   


For the types of deposit offered to individuals please go to

Annual actual interest rate calculation formula and sample

Annual actual interest rate shall be calculated based on the following formula 



stands for the annual actual interest rate, which is a Borrower’s total expense, expressed by annual interest rate of the disbursed loan, and which includes all interest and other payments, which the consumer shall be obliged to pay on the point of receiving the loan as well as during the whole effective loan period. 


stands for the initial amount of the loan to the consumer 


stands for the number of payment for the loan


stands for the number of the last payment for the loan


amount of nth payment for the loan


stands for the period between the day of loan disbursement and nth loan repayment day, expressed by the number of days

Loan calculation sample:

  • Term deposit  – AMD 1,500,000, 14% annual interest rate,
  • Loan amount – AMD 1,350,000(1,500,000×90%),
  • Annual interest rate of the loan - 17 %( 14%+3%),
  • Loan maturity - 12 months,
  • Annual actual interest rate will make 16, 99%. 

This calculation example is conventional.