Consumer loans

Loan type - Consumer loan provided to individuals through the Bank’s online platforms

Place of loan processing - Bank Mobile Application

Currency - Armenian dram (AMD)

Credit limit - 100,000 - 15,000,000¹

¹The maximum limit of unsecured loans for one borrower at "AMIO BANK" CJSC shall not exceed 15 million AMD.

Annual nominal interest rate - 16% - 21%

Annual effective interest rate - 17.23% - 23.25%

Procedure for calculating the annual nominal interest rate and credit limit - The annual nominal interest rate and the recommended loan limit are set taking into account the size and source of the borrower's income, as well as the results of the creditworthiness assessment conducted by the Bank.

Interest rate type - Fixed

Term - 12-60 months

Collateral - Collateral for the right to claim funds from a bank/card account

Loan-to-value ratio (LTV) - 100%

Method of loan disbursement - Non-cash: to the borrower's account with the Bank

Repayment method - Annuity (monthly payment of interest and principal)²

²Annuity/equal payments is a loan repayment method in which the borrower makes payments of the same amount each month throughout the entire loan period (loan amount and interest payments, with the ratio changing over the course of the loan term).

Procedure for calculating interest amounts - The interest amount is calculated on the decreasing loan balance on a daily basis.

Loan application review fee - Not defined

One-time loan disbursement commission fee - Not defined

Monthly loan servicing fee - Not defined

Loan disbursement time frame to the borrower - Within 1 minute after approval of loan agreements*

*In case of technical problems at the bank, the loan disbursement period may be extended, as well as the loan disbursement may not be implemented in case of any liabilities of the Borrower: overspending, overdue liabilities, seizure by Compulsory enforcement service, etc.

Penalties and adverse consequences in case the borrower fails to fulfill obligations - In case of non-fulfillment of the borrower’s obligations, the Bank is entitled to:

• Continue charging the interest specified in the Agreement on the overdue loan.
• Apply a penalty of 0.13% for each day of delay on the overdue principal and overdue interest amount.
• In case overdue obligations are repaid, payments are applied in the following order

1. Penalties/Fines
2. Interest amounts
3. Principal

Attention:

In case of non-fulfillment or improper fulfillment of obligations by the borrower, the Bank shall submit the relevant information to the Credit Bureau within 1 business day, where the borrower’s credit history is formed. The borrower has the right to obtain their credit history free of charge once a year from the Credit Bureau

Attention: A poor credit history may hinder the borrower’s ability to obtain loans in the future.

Early repayment - The loan can be repaid early at any time, in which case no penalties or other fees are charged. In case of early repayment of the loan:

• The cost of interest, commissions and service fees calculated on the used part of the loan are subject to deduction,
• Penalties paid for non-fulfillment or improper fulfillment of the terms of this agreement, transfers made for the purpose of repayment of the loan and/or payment of interest, as well as amounts paid for servicing accounts opened for this purpose, payments made for notary certification, state registration (if the specified services are available), in addition, insurance premiums paid for insurance services not related to this loan and selected at the request of the Borrower,
• In case of full early repayment of the loan, payments made in advance for months/days that were actually unused are subject to deduction.

Opening/maintenance of bank accounts - If the borrower does not have an active bank account with the Bank, then within the framework of the loan provision, a bank account is opened for him, the maintenance of which is free of charge during the loan period. Other terms of use and maintenance of the account are in accordance with the service tariffs for services provided to RA resident individuals by "AMIO BANK" CJSC operating in the bank.

Cash withdrawal of loan funds - According to the tariffs for services provided by "AMIO BANK" CJSC to individuals resident in the Republic of Armenia, in force at the bank․

Terms, timeframes, and tariffs for providing account statements, duplicate statements, certificates, and other information related to account opening/maintenance. - According to the tariffs for services provided by "AMIO BANK" CJSC to individuals resident in the Republic of Armenia, in force at the bank

Borrower status - Resident individuals of the Republic of Armenia who have a permanent registration and/or actual residence address

Borrower’s age - The borrower's age must be between 21 and 65 years old at the time of submitting the loan application, and must not exceed 68 years old at the loan maturity date.

Positive factors for loan application approval

• Positive credit history.
• Compliance of the collateral with the Bank’s requirements.
• Stable cash flows.
• Sufficient level of creditworthiness. Other factors.

Factors for loan application rejection

• The borrower has not submitted the documents and/or information required for obtaining a loan.
• The borrower’s non-compliance with the terms of the loan.
• As a result of the creditworthiness assessment, it was found that the borrower is not creditworthy.
• As a result of the inquiry into the Credit Register of the Central Bank of the Republic of Armenia and/or the ACRA Credit Bureau, it was found that the borrower has a negative credit history.
• As a result of the lending process, information about the borrower has become known that casts doubt on the information provided by the borrower or the repayability of the loan.
• Other cases specified by the bank’s internal legal acts or the legislation of the Republic of Armenia.

Documents required for loan application review - Not defined³

³The bank may, if necessary, request additional documents and information from the borrower for loan review.

Foreclosure of the collateral - The Bank has the right to enforce foreclosure on the collateral or realize it without applying to court. In case of foreclosure on the collateral, if the secured claim is not fully satisfied from the proceeds of the sale, the remaining amount shall be recovered from the Borrower’s other assets.

WARNING: YOUR PROPERTY MAY BE SEIZED IN ACCORDANCE WITH THE PROCEDURE ESTABLISHED BY LAW IF YOU FAIL TO PERFORM OR IMPROPERLY PERFORM THE OBLIGATIONS ASSUMED UNDER THE LOAN AGREEMENT.