Hot Line +37410 511 200

Installment Loan

Conditions of lending "BY INSTALMENTS"

"Angels Home" shop

Loan amount  AMD1,500,000 
Annual interest rate 24%
Maximum maturity 24 months
Account service fee 0.4% of the provided loan amount (is paid by the client, at the time of making monthly instalments according to the schedule)

"VLV" shop

Loan amount Up to AMD1,000,000 
Annual interest rate 23%
Maximum maturity 24 months
Account service fee 0.3% of the provided loan amount (is paid by the client, at the time of making monthly instalments according to the schedule)

"ARAY" shop

Loan amount Up to AMD 1,000,000
Annual interest rate
10%
Maximum maturity
up to 24 months
Account service fee
0.4% of the provided loan amount (is paid by the client, at the time of making monthly instalments according to the schedule)

"Vega" shop

Loan amount Up to AMD 1,000,000
Annual interest rate
22%
Maximum maturity
24 months
Account service fee
0.3% of the provided loan amount (is paid by the client, at the time of making monthly instalments according to the schedule)

"Nor Tun" shop

Loan amount up to AMD 1,000,000
Annual interest rate
24%
Maximum maturity
36 months

"Mary" shop

Loan amount up to AMD 200,000
Annual interest rate
24%
Maximum maturity
up to 12 months  

 "Koala" shop

   
Loan amount up to AMD 1,000,000  from 1,000,001 to 2,000,000 AMD
Advance payment
0% 20%
Annual interest rate 24%
Maximum maturity 24 months

"Venus", "Electronics Planet", "PC Electronics" shops

Point of sale
Loan amount
Interest rate (annual)
Maturity
Koala Up to AMD
1 000 000

24%

24 months
Pretty Way/Vesta
ED-SPO/BEKO
Venus El
L Market/Electronics Planet
PC Electronics

Other conditions – according to the conditions of lending by instalments adopted at the Bank.

Instalment loan with 0% interest rate at "MyBike" shop

Loan amount up to AMD 600,000
Annual interest rate
0%
Maximum maturity
12 months

Other conditions – according to the conditions of lending by instalments adopted at Converse Bank.

"Eiffel" and "JYSK" shops

Loan amount up to AMD 1,000,000
Annual interest rate
24%
Maximum maturity
24 months  

"1+1" souvenir shop

Loan amount Up to AMD 1,000,000
Annual interest rate
24%
Maximum maturity
24 months
Account service fee
0.3% of the provided loan amount (is paid by the client, at the time of making monthly instalments according to the schedule)

"ZARD" gold jewellery shop

Loan amount Up to AMD 1,000,000
Annual interest rate
24%
Maximum maturity
24 months
Account service fee
0.3% of the provided loan amount (is paid by the client, at the time of making monthly instalments according to the schedule)

"Online Computers" shop

Loan amount Up to AMD 1,000,000
Annual interest rate
24%
Maximum maturity
24 months
Account service fee
0.1% of the provided loan amount (is paid by the client, at the time of making monthly instalments according to the schedule)

"ES Kahuyq" shop

   
Loan amount up to AMD 1,000,000  from 1,000,001 to 2,000,000 AMD
Advance payment 0% 20%
Annual interest rate 24%
Maximum maturity 24 months
Account service fee 0.1% of the provided loan amount (is paid by the client, at the time of making monthly instalments according to the schedule)

"DAYANTS" furniture shop

Loan amount Up to AMD 1,000,000
Annual interest rate
22%
Maximum maturity
24 months
Account service fee
0.4% of the provided loan amount (is paid by the client, at the time of making monthly instalments according to the schedule)

"CROSSROAD", "NAR-MAR", "VANMETAGHAR", "LZONE", "GAVA", "BEKO", "VESTA" shops

Loan amount Up to AMD 500,000
Annual interest rate
24%
Maximum maturity
24 months
Account service fee
0.1% of the provided loan amount (is paid by the client, at the time of making monthly instalments according to the schedule)

"Carrefour" hypermarket

Loan amount AMD 50.000-700.000
Annual interest rate 12%
Maximum maturity 24 months
Account service fee 0
Loan disbursement fee 0.6% (is calculated monthly towards the disbursed loan amount)  

"SHENGAVIT" MEDICAL CENTER

Option 1

Loan amount Up to AMD 1,000,000
Annual interest rate
0%
Maximum maturity
12 months
Account service fee
A borrower should be a person in whose name a reference issued by a medical institution will be submitted, or relatives (wife, husband, brother, sister, mother, father, son, daughter) with the relevant documents evidencing the relation and a reference issued by a medical institution  

Option 2

Loan amount Up to AMD 1,000,000
Annual interest rate
24%
Maximum maturity
12 months
Account service fee
A borrower should be a person in whose name a reference issued by a medical institution will be submitted, or relatives (wife, husband, brother, sister, mother, father, son, daughter) with the relevant documents evidencing the relation and a reference issued by a medical institution

"FERTILITY CENTER"

Loan amount Up to AMD 1,000,000
Annual interest rate
20%
Maximum maturity
12 months
Account service fee
A borrower should be a person in whose name a reference issued by a medical institution will be submitted, or relatives (wife, husband, brother, sister, mother, father, son, daughter) with the relevant documents evidencing the relation and a reference issued by a medical institution

General provisions and conditions

Currency Amount Maturity Interest rate  
AMD

Minimum 40 000 AMD

Maximum 2,000,000 AMD

Minimum 3 months

Maximum 36 months

0-24%  

Limitations

Loans will be issued only to individuals meeting the requirements set by Converse Bank

Repayment
By equal monthly installments with variable principal and accrued interests

Disbursement
One-time, by entering onto the transit account opened specially for the Point of Sale;
the amount is transferred from the transit account to the account of Point of Sale within three banking days from disclosure to the Bank of the duly verified documents by the Point of Sale

Credit Account Service

One-off payment - AMD 2,000/ Commission fee may not be established or the Bank can specify other commissions or other order of payment based on the General Cooperation Agreement between the Bank and the Merchandiser/.

Points of Sale charges the amount directly at the date of effecting the Agreement and purchase of the Home Appliance, thereafter upon transfer from the transfer account to the Point of Sale account, the loan amount is transferred at a duly reduced rate, and the difference is transferred to the Bank՚s income account in accordance with the Agreement.

Penalty
Upon delay of due dates, Borrower pays penalty to the Bank for each day of delay:

  • at 0.15% of overdue loan,
  • at 0.4% of overdue interest amount
  • a one-time penalty of AMD 1 000 is applied on the 5th business day of overdue loans and/or interests.
  • No fees are charged for early repayment of the loan

Other Terms

  • The documents certifying the income shall reflect the net income.

Loan / collateral ratio - max 100%

List of documents to be disclosed by Customer to Point of Sale

  • Passport
  • Social card
  • Reference from Employer to Borrower՚s work experience with the particular employer and their salary (signed and stamped by Director and Chief Accountant, preferably on the template approved by the Bank - Annexes 2 or 3)
  • Should the reference be issued by Sole Proprietor, the latter shall sign and stamp the reference, together with the following information to be disclosed:
  • Copy of Sole Proprietor՚s registration certificate and TIN,
  • Reference to salary from RA Labor and Social Security Ministry

List of Documents to be disclosed by Point of Sale to the Bank

  • Consumer loan application-questionnaire signed by Borrower
  • Copy of Borrower՚s passport stamped "Authentic" by the Point of Sale and signed by the latter՚s employee
  • Copy of Borrower՚s social card stamped "Authentic" by the Point of Sale and signed by the latter՚s employee
  • Reference from Employer of Borrower on the latter՚s work experience with the particular employer and their salary (signed and stamped by Director and Chief Accountant)
  • Bank՚s copy of duly verified Agreement

Consumer loans refinanced by "Apartments for Youth" refinancing credit organization (Project) for the purpose of purchase of household appliances by the staff of the Ministry of Defence, the Police, National Security Service, junior and senior officers of the Defence Army.

The loan is provided in the head office and branches.

Attention:

For all those loans, which comply with the requirements of the RA Law "On Consumer Lending", after making a positive decision on the loan application and before signing the loan agreement, the Bank shall provide you with an Individual sheet, based on the loan conditions and the documents submitted by you.