Credit line | Ameriabank
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Credit line

Another tool for your convenience

We create the best opportunities for you. A line of credit enables you to have the necessary amount at hand. No more contingencies and unplanned purchases! Loan proceeds will be available on your credit card.

A line of credit  is a good choice for online purchases. You obtain

  • A grace period: a possibility to repay the used amount within up to 51 days with no interest
  • The interest accrues on used amounts only. You will not pay any interest on non-used ones.
  • Amount: up to a 4-fold salary
  • There are no extra fees when applying online


AMD 100,000 - AMD 10 million1

Loan Amount

Indefinite term (until requested back)*

Until the cancellation of the loan by the Bank, which may occur in accordance with the agreement, based on the results of the monitoring by the Bank

12.5% - 21%

Actual interest rate

1 In the case of loans provided by the scoring system. Maximum 10 million AMD.

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

You may obtain the loan on your existing Ameriabank card (if any) or on a new card or account, without visiting the Bank1.

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

Up to 10.5% cashback

You can obtain up to 10.5% cashback for non-cash purchases at our partner merchants.

Learn more

Safe and Secure

Online payments are protected by 3D Secure technology. When making purchases at Verified By Visa or Secure Code websites, you will receive an SMS with a one-time secure code for each transaction. This one-time code is required to perform the transaction.

Transactions with Ameriabank's cards are safe and secure. We are always at your side to ensure the security of your funds and data.

For any questions about cards call us at +37410 56 11 11. We are available 24/7.

 

Manage Your Accounts Without Visiting the Bank

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

Learn more

Set your own PIN

If you want an easy to remember PIN, set it yourself via ATM. If your PIN has become available to third parties or you suspect so, you can change it for security reasons.

Visa Pay Sticker (contactless payment sticker)

This contactless payment tool makes daily payments easier and more convenient. You can stick it to your phone, wallet or other personal items and make payments quickly and easily. No need to enter a PIN for payments up to AMD 20,000.2

Learn more

USSD service

You may block your card, get information about your account balance, available services, latest operations anytime anywhere via USSD instructions.

Learn more

2 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

How can I make repayments?

If you fully repay the amounts used within one month before the 21st day of the following one, no interest will accrue on the used amounts. Otherwise, you should pay at least 10% of the used amounts specified in the statement and accrued interest or the minimum required installment, as defined by the Bank's tariffs, whichever is greater.

If you fail to repay the used amounts in full within the grace period, the interest will accrue on such amounts starting from the first day of withdrawal. The interest shall be paid at least once a month.


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 another currency (consumer loan, credit facility, or overdraft). No extra fee, collateral, or guarantee is 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 of executing the loan, 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 and your PPSN/social card. 

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

Your loan, as well as the amount and interest rate of the loan, are approved 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 about the loan approval as well as the amount and interest rate of the loan is based on the criteria of your creditworthiness.

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

Outstanding loans in other banks are not an obstacle. Your loan, as well as the amount and interest rate of the loan, are approved based on your creditworthiness criteria. 

May I get 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 or card. 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 branches within 7 calendar days upon submitting the loan application and present your ID specified in the loan application and your PPSN/social card.

What documents are required?

To apply for an online loan, you will need to specify your ID and social card/PPSN.

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

You may apply online only for loans not secured by collateral or guarantee. To apply for a secured loan, you should submit the loan application in the branch.

Is it mandatory to be an Ameriabank client for submitting an online loan application?

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

How can 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.

If you fail to pay the minimum installment, the Bank will charge a fee in the amount of AMD 5,000. For credit cards issued after January 2015, late payment penalties, prescribed by the Retail Lending Terms and Conditions, will be applied instead of a lump-sum fee.


To learn more about loans click here.

How to apply

Credit Line on Credit Cards

Who may apply

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

Loan purpose

Payments

Currency

AMD

USD

EUR

Form of disbursement

Loan is disbursed in non-cash form by crediting the amount to the card account.

Maximum amount of total unsecured liabilities (including liabilities to other banks and credit organizations)

8x income. Where documented income is received through Ameriabank or where income is registered in Nork Informational and Analytical Center: maximum AMD 10 million

Where documented income is received through other channels than Ameriabank: maximum AMD 6 million

Where there has been balance on accounts with Ameriabank within the most recent 6 months: maximum AMD 6 million

Loan term

48 months - before the borrower reaches 65

Lending limit**

Where documented income is received through Ameriabank or where income is registered in Nork Informational and Analytical Center: maximum AMD 10 million

• Maximum 4x income

Where documented income is received through other channels than Ameriabank: maximum AMD 3 million

• No guarantee required, if maximum credit limit is 3x income

• Where there has been balance on accounts with Ameriabank within the most recent 6 months: the lesser of average 6-month balance and average balance of the last month: up to 3 million AMD

Maximum 3x account balance

* Average account balance should be at least 100,000 AMD. Applicable to those clients who have had accounts with Ameriabank for at least 3 months; where there are deposits, the deposit amount is counted only once.

Card type

Annual interest rate [1]

Minimum and maximum credit limits

Annual service fee

Card package service fee

Master Card Standard/VISA Classic 

21%

18%

16.5%

AMD 100,000 - AMD 1,500,000

USD 200 - USD 5,000

EUR 200 - EUR 5,000

AMD 2,500

-

Master Card Gold/VISA Gold/ 

20%

17%

15.5%

AMD 1,500,000

USD 5,000 - USD 15,000

EUR 5,000 - EUR 15,000

AMD 2,000 monthly / AMD 20,000 annually

AMD 1,500 monthly / AMD 15,000 annually

Master Card Platinum/VISA Platinum 

20%

17%

15.5%

AMD 5,000,000 - AMD 20,000,000

USD 15,000 - USD 50,000

EUR 15,000 - EUR 50,000

AMD 3,000 monthly / AMD 30,000 annually

AMD 2,000 monthly / AMD 20,000 annually

VISA Infinite 

 19%

16%

14.5%

AMD 7,500,000 - AMD 100,000,000 ՀՀ դրամ

USD 15,000 - USD 200,000

EUR 15,000 - EUR 200,000

AMD 10,000 monthly / AMD 100,000 annually

Effective rate

AMD

20.7-23.1%

USD

17.2-19.6%

EUR

16.1-18.4% 

Increase of credit limit of card

AMD 5,000

Repayment frequency

Monthly

Grace period

Up to 51 days

Interest calculation

If the client repays the whole amount utilized in one month during the grace period, no interest accrues.

If the client does not make repayment, utilized amounts bear interest starting from the first day withdrawn. The same interest accrues to amounts utilized after that and is payable on monthly basis.

Minimum payment required

10% of utilized amount as in account statement, or AMD 5,000/USD 10/EUR 10, whichever the greater, plus accrued interest

* Not applicable to loans secured by cash/bonds and credit cards to Premium and Partner clients

Security

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

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

[1]

 

    • 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%.

 

In case of consideration of the application with the scoring system or the special lending conditions set for employees of some sectors of the economy, other conditions may be applied, including the minimum lending limit of 100,000 AMD, interest rate that can be set in the case of AMD 13%-21%, in the case of US dollars 13%-21 %, and in case of Euro 12.5-21%, and the actual interest rate in case of AMD 13.79-23.15%, in case of US dollar 13.79-23.15%, in case of Euro 13.23-23.15%.

 

Credit Line Secured by Property Issued by Credit Card

Who may apply

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

Loan purpose

Payments

Currency

AMD

USD

EUR

Form of disbursement

Loan is disbursed in non-cash form by crediting the amount to the card account.

Maximum amount of total unsecured liabilities (including liabilities to other banks and credit organizations)

8x income. Where documented income is received through Ameriabank or where income is registered in Nork Informational and Analytical Center: maximum AMD 10 million

Where documented income is received through other channels than Ameriabank: maximum AMD 6 million

Where there has been balance on accounts with Ameriabank within the most recent 6 months: maximum AMD 6 million

Loan term

48 months - before the borrower reaches 65

Lending limit**

Where documented income is received through Ameriabank or where income is registered in Nork Informational and Analytical Center: maximum AMD 10 million

• Maximum 4x income

Where documented income is received through other channels than Ameriabank: maximum AMD 3 million

• No guarantee required, if maximum credit limit is 3x income

• Where there has been balance on accounts with Ameriabank within the most recent 6 months: the lesser of average 6-month balance and average balance of the last month: up to 3 million AMD

Maximum 3x account balance

* Average account balance should be at least 100,000 AMD. Applicable to those clients who have had accounts with Ameriabank for at least 3 months; where there are deposits, the deposit amount is counted only once.

Card type

Annual interest rate [1]

Minimum and maximum credit limits

Annual service fee

Card package service fee

Master Card Standard/VISA Classic 

17.5%

14.5%

12.5%

AMD 100,000 - AMD 1,500,000

USD 3000 - USD 5,000

EUR 3000 - EUR 5,000

5,000 AMD per year, 2,500 AMD in case of ordering through the Internet/Mobile Banking system

-

Master Card Gold/VISA Gold/ 

16.5%

13.5%

11.5%

AMD 1,500,000 - AMD 5,000,000

USD 5,000 - USD 15,000

EUR 5,000 - EUR 15,000

2,000 AMD per month/ 20,000 AMD per year, in case of ordering through the Internet/Mobile Banking system: 10,000 AMD per year

The price of the card package

1,500 AMD per month / 15,000 AMD per year

Master Card Platinum/VISA Platinum 

16.5%

13.5%

11.5%

AMD 5,000,000 - AMD 20,000,000

USD 15,000 - USD 50,000

EUR 15,000 - EUR 50,000

3,000 AMD per month/ 30,000 AMD per year, in case of ordering through the Internet/Mobile Banking system: 20,000 AMD per year

 

VISA Infinite 

 15.5%

12.5%

10.5%

AMD 7,500,000 - AMD 100,000,000 ՀՀ դրամ

USD 5,000 - USD 200,000

EUR 5,000 - EUR 200,000

AMD 10,000 per month/ AMD 100,000 per year, in case of ordering through the Internet/Mobile Banking system: AMD 75,000 per year

Effective rate

AMD

17.2-23.3%

USD

13.8-19.2%

EUR

11.6-16.8% 

Increase of credit limit of card

AMD 5,000

Repayment frequency

Monthly

Grace period

Up to 51 days

Interest calculation

If the client repays the whole amount utilized in one month during the grace period, no interest accrues.

If the client does not make repayment, utilized amounts bear interest starting from the first day withdrawn. The same interest accrues to amounts utilized after that and is payable on monthly basis.

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.

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.

Minimum payment required

10% of utilized amount as in account statement, or AMD 5,000/USD 10/EUR 10, whichever the greater, plus accrued interest

* Not applicable to loans secured by cash/bonds and credit cards to Premium and Partner clients

Security

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

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

[1] More information about annual interest rate

  • If at the Client's request the pledge is insured by the Bank, the interest rate shall be increased by the premium set by the Bank.

- Vehicles: 2.5%

- Fixed assets: 0.5%

  • Where the insurance of real estate is obtained by the client, the interest rate is reduced by 0.05%, based on the share of each type of assets in the total collateral.
  • If loan-to-value ratio differs from approved standard, the applicable interest rate is increased by 0.5%.
  • 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%.
  • Where the client chooses a repayment option without early repayment fee for loans exceeding AMD 15 million, the interest rate is increased by 2% (not applicable to loans secured by cash/bonds).

 

[2] Location of the real estate to be pledged: Capital cities and regional centers of Armenia and Artsakh, as well as the towns of Abovyan, Etchmiadzin, Jrvezh, Arinj, Dzoraghbyur, Tsaghkadzor, Dilijan, Qajaran and Jermuk.

Age of vehicles to be pledged is max 12 years for foreign brand vehicles other than vehicles made in Russia, China and Iran, in which case max age is 8 years.

The real estate or movable property to be pledged should be appraised by an appraisal company cooperating with the Bank. The company is selected by the client from the offered list. Appraisal fee: AMD 13,000-30,000* depending on the property.

In addition, the client will pay for the following services:

  • Notary fee: AMD 14,000-16,000 lump-sum (in case of vehicles)
  • Notary fee: AMD 13,000-18,000 lump-sum (in case of real estate)
  • Fee for unified statement from the State Real Estate Cadaster on encumbrance of the property: AMD 10,000
  • Fee for registration of security interest in the real estate: AMD 26,000
  • Fee of the Police of the Republic of Armenia (for lien and pledge of movable property): AMD 5,000 lump su

Insurance of the collateral

Insurance of the collateral is to be obtained on an annual basis throughout the loan term: - If by the Bank: to the extent of outstanding loan - If by the client: at least to the extent of outstanding loan The following vehicles are not subject to insurance:

  • Vehicles transporting hazardous materials (toxic substances, chemicals, radioactive and explosive materials),
  • Vehicles to be used in races, test drives; vehicles which have three wheels, snow removers, motorcycles, special purpose vehicles,
  • Taxis and rental cars.

Insurance fee is as follows:

    • For real estate: 0.15-0.2 percent of the loan amount 
    • For equipment: 0.2-0.35 percent of the loan amount 
    • For working assets: 0.3-0.5 percent of the loan amount 
    • For vehicles: starting from 2.5 percent of the loan amount

These fees and rates may change depending on the market situation.

The bank can issue a card line of credit to the borrower under the following terms:

Currency

Interest rate

Credit limit/Deposit principal (LTV) [1]

Same as deposit currency

Deposit rate + 4%

Up to 90%

Other than deposit currency

According to the tariffs for credit lines via cards

Up to 70%

[1] The deposit principal used for calculation of the ratio does not include the interest accrued at the beginning of the term.

Any overdue liabilities on the credit card shall be charged to the deposit principal without prior notice. 

Credit line with credit cards

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

In case of submitting a loan application online, only an identity document and public service number / social card is required.


Credit Line Secured by Property Issued by Credit Card

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


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 16.05.2022, 10:18