ATTENTION! WE INFORM YOU THAT THIS LOAN HAS A HIGH ANNUAL ACTUAL INTEREST RATE, SO LOOK AT OTHER SIMILAR SERVICES ON THE MARKET AND EVALUATE YOUR ABILITY TO REPAY THE LOAN

Car loans

Loan requirements

Identity document Identity document
Social Security Number Social Security Number
No overdue loan obligations No overdue loan obligations
Age compliance Age compliance

Counters

With equal principal payments
With equal payments
s

Result

Loan remainder Interest Loan repayment Total payable
s

Result

Loan remainder Interest Loan repayment Total payable
It is important to know

The interest rate on a loan is calculated based on the nominal interest rate, and the annual interest rate shows how much the loan will cost you if you pay interest on other payments on time. You can see the procedure for calculating the actual annual interest rate below.

 

The annual interest rate is calculated using the following formula:

  • i - annual percentage rate (APR)
  • A - the loan amount (the initial amount of the loan provided by the lender to the consumer)
  • n - the number of payments to repay the loan
  • N - the number of the last loan payment
  • Kn - the amount of the n-th loan payment
  • Dn - the period from the date of issuance of the loan to the day of payment of the n-th loan payment, expressed in the number of days

More details can be found at this link:  8/01

Prior to the conclusion of the loan agreement, the organization issues an Individual Sheet in accordance with Regulation 8/05, approved by the Board of the Central Bank of the Republic of Armenia “Procedure for communication between the bank and the depositor, creditor and consumer, terms, conditions and minimum requirements”.

Attention!
  • IF YOUR INTEREST AND LOAN REPAYMENTS ARE NOT PAID ON TIME, INFORMATION ABOUT YOU WILL BE REGISTERED IN THE CREDIT REGISTER.
  • YOUR PROPERTY MAY BE CONFISCATED IN ACCORDANCE WITH THE LAW IF YOU DO NOT REPAY YOUR INTEREST AND LOAN PAYMENTS ON TIME. 
Updated 2022-04-12 07:42:26
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