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Ameriabank Homepage
Ameriabank Homepage

հայ | рус

  • Home
  • Debit Cards
  • Credit Cards
  • …  
    • Home
    • Debit Cards
    • Credit Cards
Apply now
Ameriabank Homepage
  • Home
  • Debit Cards
  • Credit Cards
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    • Ameriabank Credit Card/Overdraft

      Credit Card/Overdraft

       

       

       

    • Credit Card/Overdraft

      Credit cards offer you an opportunity to use money within the limit of revolving credit line opened by the bank, without crediting the card account. The maximum amount of the revolving credit that can be borrowed on card is your credit limit.

      You enjoy the advantage of buying goods you prefer “today” and paying for them “tomorrow”. You may also take a full advantage of applicable grace period of up to 51 calendar days.

      Minimum credit limit depends on the type of card and is subject to the terms and conditions of cards issuance and use.
      Credit cards are cards with grace period. Credit cards are intended for non-cash payments and can be used also for acquiring a credit line with grace period. You will be able to buy the goods you prefer today and pay for them within 51 days grace period.

    • Terms and Conditions of Lines of Credit Issued via Credit Cards (with Grace Period)

      Credit Line on MasterCard Standard/VISA Classic Cards

      PDF

      Secured Credit Line on MasterCard Standard/VISA Classic Cards

      PDF

      Credit Line on MasterCard Gold/VISA Gold

      PDF

      Secured Credit Line on MasterCard Gold

      PDF

      Credit Line on MasterCard Platinum/VISA Platinum Cards

      PDF

      Secured Credit Line on MasterCard Platinum/VISA Platinum Cards

      PDF

      Credit Line on VISA Infinite Card

      PDF

      Secured Credit Line on VISA Infinite Card

      PDF

    • Debit cards are cards with credit line without grace period (including overdraft cards). Debit cards can be used both for cash and non-cash operations, they have a low encashment rate both for Ameriabank ATMs and ATMs of other banks (including abroad).

    • Terms and Conditions of Overdraft (without Grace Period) Issued via Debit Cards

      Overdraft Arca Classic, Cirrus Maestro/ Visa Electron/AYO Card VISA Classic Cards

      PDF

      Secured Overdraft Arca Classic, Cirrus Maestro Cards

      PDF

      Overdraft MasterCard Standard/VISA Classic Cards

      PDF

      Secured MasterCard Standard/VISA Classic Cards

      PDF

      Overdraft MasterCard Gold/VISA Gold/AYO Card VISA Gold Cards

      PDF

      Secured Overdraft MasterCard Gold/VISA Gold/ AYO Card VISA Gold Cards

      PDF

      Overdraft MasterCard Platinum/VISA Platinum Cards

      PDF

      Secured Overdraft MasterCard Platinum/VISA Platinum Cards

      PDF

    • Method and Frequency of Payments

      Repayment of lines of credit with a grace period

      1. If the borrower repays the amounts utilized during a month by the 21st day of the following month in full (grace period), no interest is accrued.
      2. If the borrower fails to repay the utilized amounts by the 21st day of the following month in full (grace period), he should pay at least 10% of used funds or the minimum required installment prescribed under the bank's tariffs, whichever greater. 
      3. In the event described in the above clause 2 the utilized amounts shall bear interest from the first day withdrawn. The same interest shall be accrued to the amounts utilized in the future. 
      4. If the borrower fails to repay the minimum installment specified in the above clause 2, a penalty shall be charged according to the fees and rates of the Bank.
      5. Interest should be repaid at least once a month.

      Card credit lines with a payment schedule

      If the line of credit has been issued with a defined repayment schedule, the interest shall be repaid at least once a month, while used amounts may be repaid in 2 ways: either according to a prearranged schedule or upon maturity.

    • Disbursement: loan is disbursed on a card in non-cash form.

      Eligibility criteria: n/a.

      No dues are required, except for loans secured by real estate and movable property, in which case the collateral is insured and appraised by a specialized company which charges commissions or interest according to its fees and rates.

    • Decision on lending

      The Bank makes an initial decision within 2 (two) banking days following receipt of the loan application. The final decision is made during no more than 8 (eight) business days after the client submits the complete set of required documents to the bank, and is communicated to the client within one business day. The loan proceeds are disbursed one business day after (i) the security agreements contemplated in the loan agreement are in place, i.e. are registered in form and substance satisfactory to the bank and signed pursuant to the Republic of Armenia legislation, (ii) the pledged assets are insured by the company cooperating with the bank, and (iii) the client has fulfilled all other mandatory requirements.
      After the Bank has approved the loan application:

      • The Bank starts loan processing and disbursement process if the borrower confirms his/her intention to get the loan within 45 (forty-five) calendar days after receiving loan approval notice.
      • If the borrower confirms such intention after 45 (forty-five) calendar days following receiving loan approval notice, the loan approval decision needs to be re-approved.
    • What may help you to get your loan approved

      • Long-standing relationship between the Bank and the client
      • Business reputation
      • Turnover of the client's funds through Ameriabank accounts
      • Average balance on the accounts with Ameriabank, etc

      Why your application might be rejected

      • The information (documents and other data) is not trustworthy or complete.
      • The borrower's declared income is not sufficient to cover the liabilities.
      • The borrower has a bad credit history, overdue and/or non-performing liabilities (including those to the third parties).
    • LTV (loan to value) ratio

      The bank can issue a card line of credit to the borrower under the following terms (both debit and credit cards):

      • Currency: same as deposit currency
      • Interest rate: deposit rate + 4%
      • "Credit limit/Deposit principal" (LTV) Ratio*: up to 90%
      • Currency: other than deposit currency
      • Interest rate: according to the tariffs for lines of credit on cards
      • "Credit limit/Deposit principal" (LTV) Ratio*: up to 70%

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

       

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

    • Downpayment

      N/a for this loan facility.

      Credit Lines in Foreign Currencies

      Exchange rate volatilities may affect the installments under the credit lines in foreign currencies.

    • Interest calculation procedure and example

      No interest is accrued to the unused amounts. The interest accrued to the used amounts is calculated at the nominal rate

       

      Credit limit: AMD 5,000,000
      Amount withdrawn: AMD 1,000,000
      Annual interest rate: 21%


      The monthly installments shall make AMD 117,500 (where the interest makes 1,000,000*21%/12=17,500 AMD + principal of 10%=1,000,000*10%=100,000 AMD).

    • Attention! In case of the borrower's default on minimum monthly installment the bank charges 5000 AMD.For cards issued after January 2015 this lump sum payment is not applicable, and the late payment fines and penalties defined by the terms of lending for individuals are charged instead.

       
      Attention! There are no limitations on early repayment of the loan.
       
      ATTENTION! IN CASE OF FAILURE TO REPAY THE LOAN INTEREST AND/OR PRINCIPAL WHEN DUE, THE INFORMATION ABOUT YOUR OVERDUE LIABILITIES SHALL BE RECORDED IN THE CREDIT REGISTER.


      Attention! If the funds received as a result of the sale of pledged property are not enough to collect the borrower's liabilities under the loan and the interest, etc., the bank's claims shall be satisfied through additional charges or seizure of other equivalent assets of the borrower.

    • Useful Information

      Տարեկան փաստացի տոկոսադրույքը

      Annual percentage rate

      Վարկի սպասարկման սակագներ

      Loan Service Fees

      Հաճախորդի պարտավորությունները

      Liability of the Client

      Ամերիաբանկի հետ համագործակցող ապահովագրական ընկերությունների ցանկ

      List of insurance companies, cooperating with Ameriabank

      Ամերիաբանկի հետ համագործակցող գույք գնահատող ընկերությունների ցանկ

      List of appraisal companies, cooperating with Ameriabank

      Վարկ վերցնելիս Դուք պետք է տեղեկացված լինեք

      When applying for a loan, make an informed decision

      «Ֆինանսներ բոլորի համար» abcfinance.am ինտերնետային կայքի «ֆինանսական օգնական» համակարգ»

      abcfinance.am website offering ‘Finance for Everyone’

    Contact Us

    Tel.: +37410 56 11 11

    info@ameriabank.am

    Address

    2 V. Sargsyan Str.,

    Yerevan 0010, RA

    Ameriabank CJSC © 2021 | Updated 02.02.2021, 15:42

     

    Dear visitor,
    If you find any discrepancies in the website materials in Armenian, English and Russian languages, or incomplete materials in Russian and English languages, please consider Armenian version as prevailing.
     
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