Consumer loan "Converse"
Loan is provided to a citizen of RA, residents or to obtain various home supplies.
Loan terms are:
|AMD||Minimum: 100 000 AMD
Maximum: 1.5 million AMD
|Maximum period 18 months||22%|
Documents necessary for receiving loans
- Original and copy of the passport
- Reference to place of residence - Form 3
- Social security card
- Reference from place of work in accordance with relevant appendix /issue date of the reference on salary must not exceed 15 calendar days/ The customer can also be required to present the copy of his/her available annual individual statement presented by the employer to the RA Social Insurance Fund.
- In case of conducting other not entrepreneurship activity /for example investments, giving property for rent, investments in deposits and etc./ reference on income received from those activities.
- In case of customers conducting entrepreneurship activity, reference on income received from the activity. /annex 15-1/,
- Is covered with details of salary and income.
Penalty for late payment
- Creditor pays a penalty to the Bank
- 0.15% of unpaid loan for each overdue day and
- 0.4% of unpaid interest for each overdue day
- There are no fines and penalties defined in case of early redemption of the loan.
Monthly loan repayment
- Annuity - equal monthly repayment which includes basic loan amount plus accumulated interest with variable amount.
- Loan account service charge
- 3 000 RA drams will be debited from the client՚s account.
- For each creditor:
- maximum size of principle amount and accumulated interests related to one loan must not exceed 40% of monthly net income of other members conducting common economy.
- At the moment of loan issuance maximum monthly repayment of principle amounts and accumulated interests related to all loans must not exceed 50% of net monthly income of other members conducting common economy,
- At the time of applying for a loan and for its duration the creditor՚s age should not exceed 70.
- Loan amount should not exceed:
- up to quadruple of the salary,
- double of average balances of bank accounts in Converse Bank of the last three months.
- The loan is provided only to cardholders of salary projects. Upon availability of a credit limit on the salary payment card the total of the credit limit and assignable "Converse" loan may not exceed AMD 1.5 million.