Consumer loan | Apply online | Ameriabank
My Ameria
ՆՈՐ
Մոբայլ բանկինգ

Consumer loan

When all your goals come true

Consumer loan

When all your goals come true

Overview

Want to make a surprise gift for your loved ones? Planning an unforgettable family trip? We are always here to help you. Consumer lending is a good choice if you are planning to make purchases or payments in cash and repay the loan in equal monthly installments.

  • No fee for cash withdrawal.
  • Loan in the amount of up to 6-fold monthly income acceptable for the Bank. No security is required.
  • No extra fees when applying online. 


AMD 100,000 - AMD 10 million1

Loan amount

Up to 60 months2

Loan term

13.79-23.72%

Actual interest rate

1 In the case of loans provided by the scoring system.
2 In the case of unsecured consumer loans.

Advantages

Get a response in 5 minutes

Submit your loan application online and get the response in 5 minutes.

The loan is provided online, no need to visit the Bank

If you already have an Ameriabank card, you may receive a loan on your new or existing account, without visiting the Bank.1

1 Provided that you meet the requirements of the Bank and follow the defined procedure.

Manage Your Accounts without Visiting the Bank

Ameria Online and Mobile banking platforms, as well as our phone banking services, enable you to make transfers and payments, including loan ones, check your account, and much more.

Learn more

1 In the case of satisfying the conditions of the Bank within the prescribed procedure.

2 A PIN code is not required for transactions/payments under the above limit. Visa PaySticker allows you to make transactions/payments 5 times a day without entering a PIN code.

Are you ready to apply for a loan?



Apply now

FAQ

What is a consumer loan intended for?

You can use a consumer loan to buy household appliances and electronic devices, to hold events and cover other running costs. If you need a moderate amount, a consumer loan is the best solution. 

How can I make repayments?

You can repay the loan in one of the following forms:

Annuity (equal payments).
In this case, the client makes equal monthly payments consisting of a portion of the loan and a portion of the interest.

Differentiated.
In this case, the principal is repaid each time in equal portions and the interest decreases with each payment and is accrued on the outstanding amount.

Mixed.
The client may choose an individual repayment schedule based on the seasonality of cash flows, provided that at least 20% of the contractual loan amount is repaid each year; the interest is payable on a monthly basis.

Detailed information on loan repayments can be found here.

Are there any other fees?

There are no other mandatory fees for loans not secured by the collateral and guarantee.

There are charges required for consumer loans secured by real estate or movable property. The collateral is insured and appraised by a specialized company, which charges commissions or interest as per its tariff rates.


What is an online loan?

This service allows you to apply online for loans from AMD 100,000 (one hundred thousand) to AMD 10 (ten) million or equivalent in other currency (consumer loan, credit facility, or overdraft). No extra fee, collateral, and guarantee are required for online loans. If you have an active card issued by Ameriabank, you may receive the loan online, without visiting the Bank. Otherwise, in order to complete the process, you should visit any of Ameriabank’s offices within 7 calendar days upon the submission of the loan application and present your ID specified in the loan application, as well as your PPSN/social card.

How does the Bank determine the amount and interest rate of the loan?

The decision on the provision of the loan, as well as on the amount and interest rate of the loan, is made based on your creditworthiness criteria. 

How much will I pay monthly?

The amount of monthly installments depends on the type of loan, approved amount, interest rate, and maturity period. Note that the decision on the provision of the loan, as well as on the amount and interest rate of the loan, is made based on your creditworthiness criteria.

May I apply for an online loan if I have outstanding loans in other banks?

Outstanding loans in other banks are not an obstacle. The decision on the provision of the loan, as well as on the amount and interest rate of the loan, is made based on your creditworthiness criteria. 

May I obtain a loan without visiting the Bank?

Yes, if you have an active card issued by Ameriabank. Once approved, the loan is transferred to your account. There is no need to visit the Bank.

If you are not Ameriabank’s cardholder, in order to complete the process of executing the loan, you will need to visit any of Ameriabank’s offices within 7 calendar days upon submitting the loan application and present your ID specified in the loan application and your public services personal number/social card. 


What documents are required?

To apply for a loan online, you will need an identity document and your public services personal number/social card.

Is collateral or guarantee required when submitting an online loan application?

You may apply online only for loans not secured by collateral and guarantee. To apply for a secured loan, you should submit the loan application at the office. 

Should I be an Ameriabank client to submit an online loan application?

No, it is not necessary to be an Ameriabank client when applying for an online loan. After loan approval, you will just need to visit any of the Bank’s offices in order to complete the process of executing the loan in just a few minutes.

How may I apply for an online loan?

Visit https://onlineloans-am.ameriabank.am/ to fill in the online loan application. Register as a user and enter your personal data, type of loan, requested amount, and currency. Visit https://www.youtube.com/watch?v=cwEiC_GkVxM։ to view the step-by-step guide on how to fill in the loan application.

What is the difference between car loans and consumer loans?

A car loan is also a consumer loan but it serves a definite purpose. It is the preferred option to buy a car. Privileges are also available in case of buying a car at the primary market, from companies that cooperate with the Bank.

Is it possible to pledge a car and obtain a consumer loan?

Yes, both immovable and movable property is accepted as collateral for a consumer loan. In case of loans for an amount up to AMD 10 million, an unsecured consumer loan or line of credit can be obtained as well. 

To learn more about accounts click  here.

How to apply

Apply online

You can apply for an online loan without visiting the Bank

Apply now

Visit us

You can also visit any branch of the Bank to open an account. By the way, some of our branches are also open in the evening and on weekends

Find branch

Terms and conditions

Consumer Loans Not Secured by Property

Who may apply

Citizens and non-citizens of Armenia who are resident in Armenia and are aged 18-65

Loan purpose

Personal/family/consumer expenses

Currency

AMD

Form of disbursement

Credit to the account

Loan Amount

AMD 150,000 - AMD 10,000,000

Loan term

60 months

Repayment

Annuity (equal payments)

Differentiated (non-equal payments)

Mixed

Annual interest rate

20%

  • If repayment schedule is differentiated or mixed, the applicable interest rate is increased by 0.5%.
  • Depending on credit history, the applicable interest rate can be increased by 0.5%.

Effective rate

222.2-23.9%

If the application is reviewed online or according to the terms and conditions of lending defined for employees of respective industries of economy other terms may apply, such as

  • Loan amount: AMD 100,000 - 10,000,000
  • Nominal interest rate: 14% - 21%
  • Effective rate: 14.81 - 23.15%
  • Loan disbursement fee: 1% of the loan amount, maximum AMD 10,000 (the fee is applied only if application is submitted to the bank’s branches)

Loan disbursement fee*
  • AMD 5,000 if the loan amount is within AMD 1 million
  • 0.5% of loan amount or minimum AMD 20,000 if the loan amount is equal to or above AMD 1 million)

* Not applicable to online applications

Repayment frequency

Monthly

Guarantee

Guarantors’ documented income should comprise at least 50% of the borrower's income, and their credit history should meet the criteria set by the Bank.

Late payment fines and penalties

Fine in the amount of 0.13 % of overdue loan/interest for each day of delay

The interest rate specified in the loan agreement shall continue to be applied to overdue loans.

Loan formalization venue

Bank

 

Consumer loans secured by assets (including paper gold and cash)

Who may apply

Citizens and non-citizens of Armenia who are resident in Armenia and are aged 18-65

Loan purpose

Personal/family/consumer expenses

Currency

AMD

Form of disbursement

Credit to the account

Loan Amount

AMD 3 million* - AMD 50 million

* The minimum threshold is not applicable to loans secured by deposits, gold and metal accounts.

Loan term

60 months

Repayment

Annuity (equal payments)

Differentiated (non-equal payments) (+0.5%),

Mixed (+0.5%)

Annual interest rate [1]

36 months

15 %

Fixed

37-60 months

16%
  • Fixed
  • Adjustable (rate can be changed starting from the 13th month)

61-120 months (only for loans secured by real estate)

Fixed component: 8.0% +  Base rate (variable component)

Adjustable (rate can be changed starting from the 37th month)

Attention!

The adjustable nominal interest rate may be revised no more than twice a year. Furthermore, depending on the change of the adjustable nominal interest rate, the threshold above or below which the nominal rate cannot change is ±4%.

Effective rate

16.5-19.6%

Loan provision lump-sum fee

0.5% of loan amount or AMD 50,000, whichever is greater (Not applicable to loans secured by cash, bonds issued by Ameriabank or metal accounts)

Repayment frequency

Monthly

Guarantee

Guarantors’ documented income should comprise at least 50% of the borrower's income, and their credit history should meet the criteria set by the Bank.

Late payment fines and penalties

The interest rate specified in the loan agreement shall continue to be applied to overdue loans. Fine in the amount of 0.13 % of overdue loan/interest for each day of delay

Loan formalization venue

Bank

Eligible security [2]

Real estate, vehicles, plant and equipment to the reasonable satisfaction of the bank, metal accounts in gold, cash and bonds issued by Ameriabank

Maximum loan-to-value (LTV) ratio (if the loan is secured by real estate, vehicles or plant and equipment, calculation is based on their liquidation value)

The value of the loan security shall be included in the estimation of the LTV ratio in an amount not more than: 

1. Real estate: 70% if in Yerevan, 60% if outside Yerevan 

2. Vehicles: 60% 

3. Property and equipment: 40%, but not more than 30% of the value of aggregate pledge 

4. Metal accounts in gold with Ameriabank: 80% 

5. Cash collateral/bonds issued by Ameriabank:

  • 90% if currency of the collateral is the same as of the loan
  • 70% if currencies of the collateral and the loan are different

Property appraisal

Pledged assets to be appraised by an appraising partner of the bank.

Additional security

The Bank may request guarantee of individuals and/or companies as additional security.

Insurance of property

The insurance of real estate, vehicles and plant and equipment is maintained throughout the loan term:

1. If obtained by client: to the extent of at least outstanding principal

2. If obtained by the bank: to the extent of outstanding principal

Other fees payable by client
  • Fee for unified statement issued by the State Committee of Real Estate Cadaster of the Republic of Armenia
  • Fee for notarization of pledged assets/vehicle and filing of the bank’s security interest under pledge agreement
  • Fee for statement from the Police on encumbrance of vehicle

Early repayment

5% of prepaid amount, chargeable if early repayment of the whole or part of loan is made during the first 3 years of loan term. Applicable to loans exceeding AMD 15 million where the credit limit has been prepaid in full. Not applicable to loans secured by cash or bonds.

***The annual percentage rate (APR) may differ from the above specified values if there is any or a few of the following factors:

  • When the property insurance is obtained by the Bank at the customer’s request
  • When the borrower selects differentiated or mixed form of loan repayment
  • If there are deviations from the creditworthiness criteria approved under the internal regulations of the Bank
  • If additional property is pledged as collateral - If there are other deviations

Lines of credit and gold-secured loans are included in calculation of monthly liabilities to the extent of 5% of credit limit/outstanding loan.

****Geodetic measurement is required for any land other than fenced plots or grounds attached to house, if:

  • Client has applied for a loan above AMD 50 million, and
  • Share of credit limit to be secured by such land plot exceeds 30% of total available credit limit. For the purposes of this document total available credit limit means the sum of all loan proceeds made available to client by decision of the bank’s authorized body within acceptable LTV ratio and subject to disbursement at the given moment.

Consumer Loans Not Secured by Property

Required documents filed together with loan application
  • Loan application
  • ID (original)

Documents required after initial approval
  • Proof of employment and/or other income
  • Other documents as the bank's specialist may request

If you apply for a loan online, you only need an identity document and public service number / social card.

 Consumer Loans Secured by Property

Required documents filed together with loan application
  • Loan application
  • ID (original)
  • Certificate of ownership of property to be purchased/pledged (copy)

Documents required after initial approval
  • Proof of employment and/or other income
  • Marriage (divorce, spouse death), birth certificate (original)
  • Certificates of registration and ownership certificates of vehicles to be pledged (original)
  • Certificate of title to real estate to be pledged (original)
  • Geodetic measurement report of land plot to be pledged**
  • Initial report on appraisal of real estate/vehicle
  • Other documents as the bank's specialist may request

Documents required after loan approval
  • Copies of bases of title to real estate (to be submitted upon request)
  • IDs of owners of property to be purchased/pledged (originals)
  • Copies of marriage (divorce, spouse death) certificates of owners of property to be pledged
  • Statement from the State Committee of Real Estate Cadaster on encumbrance of real estate (unified statement)
  • Statement, issued by the Police, on encumbrance of vehicle
  • Real estate appraisal report (final)
  • Real estate/vehicle insurance policy
  • Other documents as the bank's specialist may request

Ելնելով տարաբնույթ հանգամանքներից կարող են պահանջվել լրացուցիչ փաստաթղթեր և տեղեկատվություն: Բանկը «Փողերի լվացման և ահաբեկչության ֆինանսավորման դեմ պայքարի մասին» ՀՀ օրենքով սահմանված հաճախորդի պատշաճ ուսումնասիրության նպատակով կարող է քեզնից «Ճանաչիր քո հաճախորդին» («Know your customer») սկզբունքի հիման վրա պահանջել լրացուցիչ փաստաթղթեր կամ այլ տեղեկություններ, ինչպես նաև բանավոր հաղորդակցման ընթացքում լրացուցիչ հարցեր տալ:

ATTENTION! “YOUR FINANCIAL DATABASE” IS AN ELECTRONIC SYSTEM AIMED AT FACILITATING SEARCHING AND COMPARISON OF THE SERVICES OFFERED TO INDIVIDUALS AND MAKING THE CHOICE EASIER FOR YOU.

 

Old Terms

Loan service fees

Purpose

AMD

Modification of the loan terms

15,000

Change of the loan repayment date

5,000

Substitution of pledged property (for real estate; including change of the property owner)

10,000

Substitution of pledged property (for vehicles; including change of the owner of the pledged vehicles)

5,000

Provision of pledge-related consents, permissions and references

5,000 (VAT included)

The fee is charged if the modification is requested by client. Where there are several applicable fees for the same modification, the highest fee is charged and only once. Fees are not applicable in case of loans secured by cash, bonds and metal accounts. If the modification implies adding new pledge or involving a new guarantor, no fee is charged.

Last updated on 28.09.2021, 11:43