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Overdraft

Money that is always at hand

We offer the card overdraft. There is no need to deposit cash in your card account beforehand. Just use the loan amount provided by the Bank.

You may use your overdraft both for cash and non-cash payments.

  • Low cash withdrawal fee for ATMs of both Ameriabank and other banks (as well as abroad)
  • The interest accrues only on used amounts.
  • 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 Bank1.1


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

Up to 20% cashback

You can obtain up to 20% cashback for non-cash purchases at our partner merchants.

Learn More

Safe and Secure

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.

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

Are you ready to apply for a loan?



Apply now

FAQ

How can I make repayments?

In the case of an overdraft, you should pay the interest accrued as of the payment date and 3% of the used amount, as specified in the account statement for the previous month or AMD 5,000, USD 10, EUR 10, whichever is greater, on a monthly basis. The nominal interest rate is calculated on a daily basis for the actual number of calendar days based on a 365-day year and applied to used amounts starting from the first day of withdrawal. 

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, are based on the criteria of your creditworthiness

Can I apply for an online loan if I have outstanding loans at 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 will be transferred to your account or card. There is no need to visit the Bank.

If you are not an Ameriabank 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 the submission of 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 office. 

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 has been approved, 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 can I apply for an online loan?

Click here 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, as 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

Overdraft by Debit 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

Increase of credit limit of card

ArCa Classic

Ayo Visa Classic

Cirrus Maestro

Visa Electron

21%

18%

16.5%

AMD 100,000 - AMD 1,000,000

USD 200 - USD 3,000

EUR 200 - EUR 3,000

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

-

AMD 1,500

MasterCard 

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

-

AMD 3,000

MasterCard

Gold/VISA Gold/

20%

17%

15.5%

AMD 1,500,000 - AMD 7,500,000

USD 5,000 - USD 15,000

EUR 5,000 - EUR 15,000

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

3,000 AMD per month/
30,000 AMD per year

AMD 5,000

MasterCard Platinum/VISA Platinum

20%

17%

15.5%

AMD 5,000,000 - AMD 50,000,000

USD 15,000 - USD 100,000

EUR 15,000 - EUR 100,000

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

3,000 AMD per month/
30,000 AMD per year

AMD 5,000

Effective rate

AMD

21.9-23.1%

USD

18.4-19.6%

EUR

16.1-17.2%

Repayment frequency

Monthly

Property appraisal

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

Minimum payment required

3% of utilized amount as in account statement, or AMD 5,000/USD 10/EUR 10, at maturitywhichever 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%.

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

  • Nominal interest rate: 14% - 21%
  • Effective rate: 14.81 - 23.15%

Overdraft by debit card secured by property

Who may apply

Citizens and non-citizens of Armenia who are resident in Armenia and are aged 18-6

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

Increase of credit limit of card

ArCa Classic

AYO Visa Classic

Cirrus Maestro

Visa Electron

17.5%

14.5%

12.5%

AMD 1,000,000

USD 3,000

EUR 3,000

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

-

AMD 1,500

Master Card Standard/VISA Classic

17.5%

14.5%

12.5%

AMD 1,000,000 - 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

-

AMD 3,000

Master Card Gold/VISA Gold/

16.5%

13.5%

11.5%

AMD 1,500,000 - AMD 7,500,000

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

3,000 AMD per month/
30,000 AMD per year

AMD 5,000

Master Card Platinum/VISA Platinum

16.5%

13.5%

11.5%

AMD 5,000,000 - AMD 50,000,000

USD 15,000 - USD 100,000

EUR 15,000 - EUR 100,000

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

3,000 AMD per month/
30,000 AMD per year

AMD 5,000

Effective rate

AMD

19.7-23.4%

USD

15-19.2%

EUR

12.8-16.8%

Repayment frequency

Monthly

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.

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

3% 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).
  • If the application is reviewed online (based on scoring system) or according to the terms and conditions of lending defined for employees of respective industries of economy other terms may apply, such as

    - Nominal interest rate: 14% - 21%

    - Effective rate: 14.81 - 23.15%

 

[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.

 

Property appraisal

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 sum


Գրավադրվող գույքի ապահովագրություն

Գրավադրվող գույքի ապահովագրությունն իրականացվում է յուրաքանչյուր տարի վարկի ամբողջ ժամկետի ընթացքում, Բանկի կողմից`  վարկի մնացորդի չափով, Հաճախորդի կողմից`  առնվազն վարկի մնացորդի չափով: Բանկի կողմից ապահովագրության ենթակա չեն հետևյալ տրանսպորտային միջոցները`

  • ավտոմեքենաներ, որոնք կրում են վտանգ սպառնացող ապրանքներ`  տոքսիկ նյութեր, քիմիկատներ, ռադիոակտիվ և պայթյունավտանգ նյութեր,
  • ավտոմեքենաներ, որոնք կմասնակցեն մրցույթներին, փորձարկումներին կամ ունեն երեք անիվ, ձնեմաքրող մեքենաներ, մոտոցիկլետներ, հատուկ տեխնիկա հանդիսացող մեքենաներ,
  • տաքսի ծառայության և վարձով տրվող ավտոմեքենաներ:

Անշարժ գույքի համար ապահովագրավճարը կազմում է վարկի գումարի 0,15-0.2 տոկոսը, սարքավորումների համար ապահովագրավճարը կազմում է վարկի գումարի 0.2-0.35 տոկոսը, շրջանառու միջոցների համար ապահովագրավճարը կազմում է վարկի գումարի 0.3-0.5 տոկոսը, ավտոմեքենաների համար ապահովագրավճարը սկսվում է վարկի գումարի 2,5 տոկոսից: Վերոնշյալ սակագները կարող են փոփոխվել կախված շուկայի իրավիճակից:

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. 

Overdraft by Debit Card

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

Overdraft by debit card 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:

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.

Overdraft by Debit Card


Overdraft by debit card secured by property

Last updated on 16.08.2022, 10:46