Consumer loans

Currency - AMD

Term - 12-60 months

Annual nominal interest rate - 15%-18%

Annual effective interest rate - 16.08%-19.79%

The interest rate is fixed for the entire loan term.

Interest is calculated on the declining balance on a daily basis

Repayment Method - Equal monthly repayment of the loan principal and accrued interest (annuity)

Minimum Amount - AMD 100,000

Maximum Amount - AMD 15,000,000

Early Repayment - No restrictions

Loan Application Review Fee - Not applicable

One-time Loan Issuance Fee - Not applicable

Monthly Loan Account Maintenance Fee - Not applicable

Loan Disbursement Method - The loan is disbursed cashless to the client’s account at “AMIO BANK” CJSC.

Cash Withdrawal of Loan Funds - Fees apply according to Tariffs for services provided to individuals by "AMIO BANK" CJSC, depending on the type of account to which the loan is disbursed.

Loan Application Review Period - The decision to approve or reject the loan is made within 1 minute or, at most, 1 business day if additional analysis is required.

Maximum Validity of Positive Loan Decision - From the date of approval, up to 1 business day (depending on circumstances, additional documents or information may be required).

Loan disbursement period - Within 1 minute after confirmation of the loan agreements. Loan disbursement may not be implemented if the borrower has any obligations (overspending, compulsory enforcement service seizure, etc.).

Security - The right to receive income and/or the pledge of a monetary claim arising from a bank/card account.

Provision of a statement and reference on a credit account - Tariffs for services provided to individuals by "AMIO BANK" CJSC

Penalties in case of default by the borrower

The bank has the right to:

• Continue to apply the interest calculation provided for in the contract to the overdue loan.
• Apply a penalty on overdue principal and interest at a rate of 0.13% per day of delay.
• In case of overdue obligations, repayments are made in the following order:

1. Penalties/fine,
2. Interest amounts,
3. Principal amount

Attention

The borrower’s property may be seized in accordance with the law if they fail to perform or improperly perform the obligations under the loan agreement.

In case of non-fulfillment or incomplete fulfillment of the obligation by the borrower, after 3 working days, the lender sends that data to the credit bureau, where the credit history of the borrower is formed. The borrower has the right to obtain their credit history from the credit bureau once a year free of charge. A negative credit history may hinder the borrower from obtaining a loan in the future.

Reasons for the application rejection:

• The client has not submitted the necessary documents for obtaining a loan.
• The client does not meet the conditions and requirements set by the Bank.
• As a result of the creditworthiness assessment, it was found that the client is not creditworthy.
• As a result of the inquiry of the Credit Register of the Central Bank of the Republic of Armenia and/or the ACRA Credit Bureau, it was found that the Client has a negative credit history.
• As a result of the lending process, information about the client has become known that casts doubt on the reliability of the information provided by the client or on the repayment of the loan.

Nominal and effective loan interest rate

The loan interest rate cannot exceed twice the bank interest calculation rate set by the Central Bank of the Republic of Armenia.

Loan interest is calculated based on the nominal interest rate, while the annual percentage rate shows how much the loan will cost if the contractual obligations are properly fulfilled and within the specified time frames.

Information on Loan History and Credit Score

Information leaflet

Main requirements for the borrower and guarantor (if applicable)

Status: Resident individuals of the Republic of Armenia

Minimum age: 18 years

Maximum age: 65 years at the time of loan repayment

Credit history and solvency requirements - According to the requirements set by the Bank.

When applying for a loan, the lender shall provide the borrower, as well as the guarantor(s) (if any), with an individual information sheet of the essential terms of the consumer loan, which sets out the individual terms of the loan to be granted to the borrower.

Currency - AMD

Term - 12-60 months

Annual nominal interest rate - 15%-18%

Annual effective interest rate - 16.08%-19.79%

The interest rate is fixed for the entire loan term.

Interest is calculated on the declining balance on a daily basis

Repayment Method - Equal monthly repayment of the loan principal and accrued interest (annuity)

Minimum Amount - AMD 100,000

Maximum Amount - AMD 15,000,000

Early Repayment - No restrictions

Loan Application Review Fee - Not applicable

One-time Loan Issuance Fee - Not applicable

Monthly Loan Account Maintenance Fee - Not applicable

Loan Disbursement Method - The loan is disbursed cashless to the client’s account at “AMIO BANK” CJSC.

Cash Withdrawal of Loan Funds - Fees apply according to Tariffs for services provided to individuals by "AMIO BANK" CJSC, depending on the type of account to which the loan is disbursed.

Loan Application Review Period - The decision to approve or reject the loan is made within 1 minute or, at most, 1 business day if additional analysis is required.

Maximum Validity of Positive Loan Decision - From the date of approval, up to 1 business day (depending on circumstances, additional documents or information may be required).

Loan disbursement period - Within 1 minute after confirmation of the loan agreements. Loan disbursement may not be implemented if the borrower has any obligations (overspending, compulsory enforcement service seizure, etc.).

Security - The right to receive income and/or the pledge of a monetary claim arising from a bank/card account.

Provision of a statement and reference on a credit account - Tariffs for services provided to individuals by "AMIO BANK" CJSC

Penalties in case of default by the borrower

The bank has the right to:

• Continue to apply the interest calculation provided for in the contract to the overdue loan.
• Apply a penalty on overdue principal and interest at a rate of 0.13% per day of delay.
• In case of overdue obligations, repayments are made in the following order:

1. Penalties/fine,
2. Interest amounts,
3. Principal amount

Attention

The borrower’s property may be seized in accordance with the law if they fail to perform or improperly perform the obligations under the loan agreement.

In case of non-fulfillment or incomplete fulfillment of the obligation by the borrower, after 3 working days, the lender sends that data to the credit bureau, where the credit history of the borrower is formed. The borrower has the right to obtain their credit history from the credit bureau once a year free of charge. A negative credit history may hinder the borrower from obtaining a loan in the future.

Reasons for the application rejection:

• The client has not submitted the necessary documents for obtaining a loan.
• The client does not meet the conditions and requirements set by the Bank.
• As a result of the creditworthiness assessment, it was found that the client is not creditworthy.
• As a result of the inquiry of the Credit Register of the Central Bank of the Republic of Armenia and/or the ACRA Credit Bureau, it was found that the Client has a negative credit history.
• As a result of the lending process, information about the client has become known that casts doubt on the reliability of the information provided by the client or on the repayment of the loan.

Nominal and effective loan interest rate

The loan interest rate cannot exceed twice the bank interest calculation rate set by the Central Bank of the Republic of Armenia.

Loan interest is calculated based on the nominal interest rate, while the annual percentage rate shows how much the loan will cost if the contractual obligations are properly fulfilled and within the specified time frames.

Information on Loan History and Credit Score

Information leaflet

Main requirements for the borrower and guarantor (if applicable)

Status: Resident individuals of the Republic of Armenia

Minimum age: 18 years

Maximum age: 65 years at the time of loan repayment

Credit history and solvency requirements - According to the requirements set by the Bank.

When applying for a loan, the lender shall provide the borrower, as well as the guarantor(s) (if any), with an individual information sheet of the essential terms of the consumer loan, which sets out the individual terms of the loan to be granted to the borrower.

Currency - AMD

Term - 12-60 months

Annual nominal interest rate - 15%-18%

Annual effective interest rate - 16.08%-19.79%

The interest rate is fixed for the entire loan term.

Interest is calculated on the declining balance on a daily basis

Repayment Method - Equal monthly repayment of the loan principal and accrued interest (annuity)

Minimum Amount - AMD 100,000

Maximum Amount - AMD 15,000,000

Early Repayment - No restrictions

Loan Application Review Fee - Not applicable

One-time Loan Issuance Fee - Not applicable

Monthly Loan Account Maintenance Fee - Not applicable

Loan Disbursement Method - The loan is disbursed cashless to the client’s account at “AMIO BANK” CJSC.

Cash Withdrawal of Loan Funds - Fees apply according to Tariffs for services provided to individuals by "AMIO BANK" CJSC, depending on the type of account to which the loan is disbursed.

Loan Application Review Period - The decision to approve or reject the loan is made within 1 minute or, at most, 1 business day if additional analysis is required.

Maximum Validity of Positive Loan Decision - From the date of approval, up to 1 business day (depending on circumstances, additional documents or information may be required).

Loan disbursement period - Within 1 minute after confirmation of the loan agreements. Loan disbursement may not be implemented if the borrower has any obligations (overspending, compulsory enforcement service seizure, etc.).

Security - The right to receive income and/or the pledge of a monetary claim arising from a bank/card account.

Provision of a statement and reference on a credit account - Tariffs for services provided to individuals by "AMIO BANK" CJSC

Penalties in case of default by the borrower

The bank has the right to:

• Continue to apply the interest calculation provided for in the contract to the overdue loan.
• Apply a penalty on overdue principal and interest at a rate of 0.13% per day of delay.
• In case of overdue obligations, repayments are made in the following order:

1. Penalties/fine,
2. Interest amounts,
3. Principal amount

Attention

The borrower’s property may be seized in accordance with the law if they fail to perform or improperly perform the obligations under the loan agreement.

In case of non-fulfillment or incomplete fulfillment of the obligation by the borrower, after 3 working days, the lender sends that data to the credit bureau, where the credit history of the borrower is formed. The borrower has the right to obtain their credit history from the credit bureau once a year free of charge. A negative credit history may hinder the borrower from obtaining a loan in the future.

Reasons for the application rejection:

• The client has not submitted the necessary documents for obtaining a loan.
• The client does not meet the conditions and requirements set by the Bank.
• As a result of the creditworthiness assessment, it was found that the client is not creditworthy.
• As a result of the inquiry of the Credit Register of the Central Bank of the Republic of Armenia and/or the ACRA Credit Bureau, it was found that the Client has a negative credit history.
• As a result of the lending process, information about the client has become known that casts doubt on the reliability of the information provided by the client or on the repayment of the loan.

Nominal and effective loan interest rate

The loan interest rate cannot exceed twice the bank interest calculation rate set by the Central Bank of the Republic of Armenia.

Loan interest is calculated based on the nominal interest rate, while the annual percentage rate shows how much the loan will cost if the contractual obligations are properly fulfilled and within the specified time frames.

Information on Loan History and Credit Score

Information leaflet

Main requirements for the borrower and guarantor (if applicable)

Status: Resident individuals of the Republic of Armenia

Minimum age: 18 years

Maximum age: 65 years at the time of loan repayment

Credit history and solvency requirements - According to the requirements set by the Bank.

When applying for a loan, the lender shall provide the borrower, as well as the guarantor(s) (if any), with an individual information sheet of the essential terms of the consumer loan, which sets out the individual terms of the loan to be granted to the borrower.

Currency - AMD

Term - 12-60 months

Annual nominal interest rate - 15%-18%

Annual effective interest rate - 16.08%-19.79%

The interest rate is fixed for the entire loan term.

Interest is calculated on the declining balance on a daily basis

Repayment Method - Equal monthly repayment of the loan principal and accrued interest (annuity)

Minimum Amount - AMD 100,000

Maximum Amount - AMD 15,000,000

Early Repayment - No restrictions

Loan Application Review Fee - Not applicable

One-time Loan Issuance Fee - Not applicable

Monthly Loan Account Maintenance Fee - Not applicable

Loan Disbursement Method - The loan is disbursed cashless to the client’s account at “AMIO BANK” CJSC.

Cash Withdrawal of Loan Funds - Fees apply according to Tariffs for services provided to individuals by "AMIO BANK" CJSC, depending on the type of account to which the loan is disbursed.

Loan Application Review Period - The decision to approve or reject the loan is made within 1 minute or, at most, 1 business day if additional analysis is required.

Maximum Validity of Positive Loan Decision - From the date of approval, up to 1 business day (depending on circumstances, additional documents or information may be required).

Loan disbursement period - Within 1 minute after confirmation of the loan agreements. Loan disbursement may not be implemented if the borrower has any obligations (overspending, compulsory enforcement service seizure, etc.).

Security - The right to receive income and/or the pledge of a monetary claim arising from a bank/card account.

Provision of a statement and reference on a credit account - Tariffs for services provided to individuals by "AMIO BANK" CJSC

Penalties in case of default by the borrower

The bank has the right to:

• Continue to apply the interest calculation provided for in the contract to the overdue loan.
• Apply a penalty on overdue principal and interest at a rate of 0.13% per day of delay.
• In case of overdue obligations, repayments are made in the following order:

1. Penalties/fine,
2. Interest amounts,
3. Principal amount

Attention

The borrower’s property may be seized in accordance with the law if they fail to perform or improperly perform the obligations under the loan agreement.

In case of non-fulfillment or incomplete fulfillment of the obligation by the borrower, after 3 working days, the lender sends that data to the credit bureau, where the credit history of the borrower is formed. The borrower has the right to obtain their credit history from the credit bureau once a year free of charge. A negative credit history may hinder the borrower from obtaining a loan in the future.

Reasons for the application rejection:

• The client has not submitted the necessary documents for obtaining a loan.
• The client does not meet the conditions and requirements set by the Bank.
• As a result of the creditworthiness assessment, it was found that the client is not creditworthy.
• As a result of the inquiry of the Credit Register of the Central Bank of the Republic of Armenia and/or the ACRA Credit Bureau, it was found that the Client has a negative credit history.
• As a result of the lending process, information about the client has become known that casts doubt on the reliability of the information provided by the client or on the repayment of the loan.

Nominal and effective loan interest rate

The loan interest rate cannot exceed twice the bank interest calculation rate set by the Central Bank of the Republic of Armenia.

Loan interest is calculated based on the nominal interest rate, while the annual percentage rate shows how much the loan will cost if the contractual obligations are properly fulfilled and within the specified time frames.

Information on Loan History and Credit Score

Information leaflet

Main requirements for the borrower and guarantor (if applicable)

Status: Resident individuals of the Republic of Armenia

Minimum age: 18 years

Maximum age: 65 years at the time of loan repayment

Credit history and solvency requirements - According to the requirements set by the Bank.

When applying for a loan, the lender shall provide the borrower, as well as the guarantor(s) (if any), with an individual information sheet of the essential terms of the consumer loan, which sets out the individual terms of the loan to be granted to the borrower.

Currency - AMD

Term - 12-60 months

Annual nominal interest rate - 15%-18%

Annual effective interest rate - 16.08%-19.79%

The interest rate is fixed for the entire loan term.

Interest is calculated on the declining balance on a daily basis

Repayment Method - Equal monthly repayment of the loan principal and accrued interest (annuity)

Minimum Amount - AMD 100,000

Maximum Amount - AMD 15,000,000

Early Repayment - No restrictions

Loan Application Review Fee - Not applicable

One-time Loan Issuance Fee - Not applicable

Monthly Loan Account Maintenance Fee - Not applicable

Loan Disbursement Method - The loan is disbursed cashless to the client’s account at “AMIO BANK” CJSC.

Cash Withdrawal of Loan Funds - Fees apply according to Tariffs for services provided to individuals by "AMIO BANK" CJSC, depending on the type of account to which the loan is disbursed.

Loan Application Review Period - The decision to approve or reject the loan is made within 1 minute or, at most, 1 business day if additional analysis is required.

Maximum Validity of Positive Loan Decision - From the date of approval, up to 1 business day (depending on circumstances, additional documents or information may be required).

Loan disbursement period - Within 1 minute after confirmation of the loan agreements. Loan disbursement may not be implemented if the borrower has any obligations (overspending, compulsory enforcement service seizure, etc.).

Security - The right to receive income and/or the pledge of a monetary claim arising from a bank/card account.

Provision of a statement and reference on a credit account - Tariffs for services provided to individuals by "AMIO BANK" CJSC

Penalties in case of default by the borrower

The bank has the right to:

• Continue to apply the interest calculation provided for in the contract to the overdue loan.
• Apply a penalty on overdue principal and interest at a rate of 0.13% per day of delay.
• In case of overdue obligations, repayments are made in the following order:

1. Penalties/fine,
2. Interest amounts,
3. Principal amount

Attention

The borrower’s property may be seized in accordance with the law if they fail to perform or improperly perform the obligations under the loan agreement.

In case of non-fulfillment or incomplete fulfillment of the obligation by the borrower, after 3 working days, the lender sends that data to the credit bureau, where the credit history of the borrower is formed. The borrower has the right to obtain their credit history from the credit bureau once a year free of charge. A negative credit history may hinder the borrower from obtaining a loan in the future.

Reasons for the application rejection:

• The client has not submitted the necessary documents for obtaining a loan.
• The client does not meet the conditions and requirements set by the Bank.
• As a result of the creditworthiness assessment, it was found that the client is not creditworthy.
• As a result of the inquiry of the Credit Register of the Central Bank of the Republic of Armenia and/or the ACRA Credit Bureau, it was found that the Client has a negative credit history.
• As a result of the lending process, information about the client has become known that casts doubt on the reliability of the information provided by the client or on the repayment of the loan.

Nominal and effective loan interest rate

The loan interest rate cannot exceed twice the bank interest calculation rate set by the Central Bank of the Republic of Armenia.

Loan interest is calculated based on the nominal interest rate, while the annual percentage rate shows how much the loan will cost if the contractual obligations are properly fulfilled and within the specified time frames.

Information on Loan History and Credit Score

Information leaflet

Main requirements for the borrower and guarantor (if applicable)

Status: Resident individuals of the Republic of Armenia

Minimum age: 18 years

Maximum age: 65 years at the time of loan repayment

Credit history and solvency requirements - According to the requirements set by the Bank.

When applying for a loan, the lender shall provide the borrower, as well as the guarantor(s) (if any), with an individual information sheet of the essential terms of the consumer loan, which sets out the individual terms of the loan to be granted to the borrower.