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Special offer for graduates of Eurnekian School

Special offer for graduates of Eurnekian School

The Bank offers a package of special banking instruments to graduates of Eurnekian School.

If the graduate is a student

Student card
Annual service fee for the card AMD 0 
Provision of cash at encashment points and ATMs of the Bank 0%
Credit limit
Annual nominal interest rate AMD-15%,
USD-14%
Euro-13%
Type of credit limit Revolving, without a grace period
Maximum amount of the credit limit1
Up to AMD 200 thousand or its equivalent in foreign currency, without any evidence of income, secured with the guarantee of one creditworthy parent and/or 1 person interrelated with the parents
n case of submission of an evidence of income - up to AMD 400 thousand, but not more than three-fold of net salary /if necessary, the guarantee of a creditworthy third party can be requested/
  Maturity 36 months, with reissuance right

If the graduate isn’t a student

Student card
Annual service fee for the card AMD 0 
Provision of cash at encashment points and ATMs of the Bank 0%
Credit limit
Annual nominal interest rate AMD-15%,
USD-14%
Euro-13%
Type of credit limit Revolving, without a grace period
Maximum amount of the credit limit1 Up to AMD 200 thousand or its equivalent in foreign currency, without any evidence of income, secured with the guarantee of one creditworthy parent and/or 1 person interrelated with the parents
In case of submission of an evidence of income - up to AMD 400 thousand, but not more than three-fold of net salary /if necessary, the guarantee of a creditworthy third party can be requested/
Maturity 36 months, with reissuance right

1If the student and/or the graduate is employed at the time of provision of the credit limit or after its provision until expiry of its validity term, in case of submission of the required documents, the limit can be increased up to three-fold of the net salary.

General provisions and conditions

 

Loans disbursed to graduates or their family members2 for the purpose of acquisition, construction, or renovation of residential real estate, or purchase of a car

Interest rate of loans disbursed from the Bank’s own resources By 1 percentage point lower than the current interest rate
Interest rate of loans disbursed within the framework of the program “Apartment for Youth” for the purpose of acquisition of residential real estate By 0.25 percentage point lower than the current interest rate
Interest rate of loans disbursed for the purpose of acquisition, construction, or renovation of residential real estate, refinanced by the First Mortgage Company By 0.25 percentage point lower than the current interest rate

 

 

Restrictions

At the time of provision of the credit limit, the borrower and the guarantor shall not have:

  • classified credit liabilities /except guarantees/
  • total 20 days of delay in repayment of the liabilities /except guarantees/ serviced within the last 1 /one/ year or classification of liabilities under a class stricter than watched.
Տույժ/Տուգանք

In case of violation of the repayment terms envisaged by the agreement, the Borrower shall pay penalty to the Bank, for each day of delay:

  • 0.15% of the overdue loan amount
  • 0.4% of the overdue interest amount

 

 

 

List of necessary documents to be submitted to the Bank

  1. Loan application-questionnaire;
  2. Originals of the applicant’s and, if necessary, guarantor’s personal identification document and public services number /a reference on absence of a PSN/;
  3. The applicant is identified as a graduate by means of either a graduation certificate or a banking account, opened in the bank in the applicant’s name;
  4. A reference from the educational institution or a student’s record book evidencing the fact of being a student;
  5. If the limit is increased on the basis of salary - a reference from the employer stating the size of the net salary. The reference shall not be dated more than 15 calendar days before submission. If the salary is paid to an existing account at “Converse Bank” CJSC, a statement from the account can be accepted as evidence.
Conditions
  1. Within the framework of the package, each graduate may get maximum one payment card.
  2. Upon expiry of the validity term of the payment card, the card can be reissued on the same conditions, if the reissuance conditions set by the Bank are met.

2 Parent, sister, brother