Loan purpose
Tuition fee payment
Loan amount
Maximum 1.000.000 AMD
Loan currency
AMD
Annual interest rate
20% 
Վարկի ժամկետը
1-24 months
Redemption frequency
Monthly
Security
Guaranty from at least one of student’s parents, in-care-of persons and from another individual/individuals
Grant way
Cashless
Commission fee
Flat fee 1% of loan amount (no less than 5,000 AMD) 
Loan arrangement is realized
“ARMECONOMBANK” OJSC branches
Decision Period
Up to 10 working days
Borrower requirements
Resident individual over 16 years Registered and living in the Republic of Armenia Has a constant income source acceptable by the Bank
Loan redemption procedure
Monthly Equally (annuitant) Non-equally(differential)
Negative decision grounds
Negative assessment on the customer’s financial condition. Non-credibility of the presented documents. Unacceptable guarantors. Costumer’s negative credit history. Other reasons which according to the Bank assessment will hamper the loan repayment
Penalties
Overdue Loan 0.2% of the unpaid amount for each overdue day Overdue Interest 0.4% of the unpaid amount for each overdue day

Documents presented by individuals:

1. passport copies (of the Borrower and his/her family members),
2. marriage certificate copy (if any),
3. document containing public services number:
• social card, or
• RA citizen identification card, or
• foreign citizen residence card (if any) containing public services number, or
• documents certifying the refugee identification of RA permanent resident, individual having no citizenship, containing public services number, or
• statement containing public services number,
4. statement from the residence, given maximum 20 working days prior,
5. statement from the workplace (with a note on the salary size) of the Applicant and/or the Guarantor(s), given maximum 20 working days prior,
6. data on properties with ownership right (certificates, technical passports, etc.) (if any),
7. in case of providing the loan to a family member, corresponding documents about the kinship relation (birth certificate, marriage certificate, etc.),
8. statement from the corresponding educational institution on the annual (quarterly, semi-term) tuition fee,
9. copy of student book (if any),
10. if necessary, other documents.

Հաշվիչ
Հավասարաչափ մարումներով
Results Արդյունք
N Վճարման ամսաթիվ Վարկի մնացորդ Վճարվող տոկոսագումար Մարում վարկից Ընդամենը վճարում
Մայր գումարի հավասարաչափ մարումներով
Results Արդյունք
N Վճարման ամսաթիվ Վարկի մնացորդ Վճարվող տոկոսագումար Մարում վարկից Ընդամենը վճարում
22/12/2017 10:51