Tel.: (374 10) 20 28 22
 
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Services
Consumer Loans

This product is for individuals, which need to be financed on consumer purchasing and have cash for family life improvement.
 
Services
Consumer loans for e-account refillment
 
Conditions Description
Name of the product Consumer loan
Target clientele Individuals
Currency of the credit AMD
Credit amount
  • 5.000 AMD
  • 25.000 AMD
  • 50.000 AMD
Loan maturity 12 months
Periodic repayments of credit amount  the 12th month of maturity 
Periodic repayments of interest Periodic interest repayments are not applicable. Only service fees are charged (see tariffes below).
Limitations   Loans are only disbursed for MobiDram CJSC customers who have passed identification process and have written application-offer to get a loan corresponding to the loan conditions approved by the Lender.  
Annual interest amount 0% 
Monthly service payment
  • For AMD 5.000 loans - 50 AMD daily, but not more than 500 AMD monthly (for calendrical month)
  • For AMD 25.000 loans - 200 AMD daily, but not more than 2000 AMD monthly (for calendrical month)
  • For AMD 50.000 loans - 350 AMD daily, but not more than 3500 AMD monthly (for calendrical month)
 Clarification:

Service payments are charged monthly, and the loan amount is repaid in the 12th month of the loan maturity. For example, if the borrower got a loan of 
AMD 50.000 in 01.11.2016, then AMD 3.500 will be charged from the borrower's MobiDram wallet monthly, and in the 12th month of maturity, i.e. in 01.11.2017, loan amount of AMD 50.000 will be charged to repay the loan.  
Actual annual amount 96%-240%

ATTENTION

LOAN INTEREST RATE IS CALCULATED BASED ON  ANNUAL INTEREST AMOUNT. THE ANNUAL ACTUAL INTEREST RATE SHOWS THE LOAN COST  CONSIDERING THAT  LOAN AMOUNT AND INTEREST AMOUNT PAYMENTS  ARE MADE ON TIME AND AS PER LOAN SCHEDULE AND IN DUE TIME. YOU WILL FIND THE METHODOLOGY OF THE YEAR FACTUAL INTEREST ACCOUNT IN THIS ADDRESS: Yerevan, ER. Qochar str. 19/19. HERE IS A SAMPLE  OF ANNUAL ACTUAL INTEREST AMOUNTCALCULATION.
Nominal interest– 0%
Nominal service payment- 500 AMD
Credit amount` 5.000 AMD
Loan maturity` 365 days
Amount generally paid to SEF- 11.000 
AMD
Actual year interest` 213%
Loan disbursment
methodology
Non-cash: by refilling Customer's e-wallet.
Security (colloteral) type

• Loan security colloteral is not required.
• If the Customer does not have credit history, MobiDram CJSC becomes the guarantor for this Customer. 

Loan/collateral ratio Loan security colloteral is not required.
Repayment of overdue liabilities Loan is considered to be overdue, if there is not enough means in the Customer's MobiDram e-wallet to repay for credit amount liabilities by the liability repayment date. 

ATTENTION

YOUR PROPERTY MAY BE EXPROPRIATED, IF YOU FAIL TO MAKE REPAYMENTS OF YOUR LOAN AND INTERESTS ON TIME.
 
IF YOU FAIL TO MAKE THE REPAYMENTS ON TIME THE INFORMATION ABOUT YOU SHALL BE REGISTERED IN THE CREDIT REGISTER.
Loan and service repayment discipline 

• Loan full repayment is made at the end of the loan maturity.
• Service repayments are made monthly. 

Repayments

• Service repayments are charged automatically from MobiDram account.
• Loan amount repayment is charged on defined liability repayment date automatically from MobiDram account. If there is not enough means to charge the loan amount repayment, the loan is considered overdue. 

Conditions of early (including partial) loan repayment

•  Early loan partial or full repayment is discretion of the Borrower. 

• The Borrower can direct means from MobiDram account to the loan partial or full early repayment .
• In case of early (including partial) loan repayment, no fees are installed. 

 

Approval period 10 minutes
Loan disbursment period

• Loan amount is disbursed by MobiDram e-wallet refillment.
• In 5 minutes after loan approval and individual conditions leaflet approval by the Borrower.

 

Loan approved by By scoring system provided by the Company.
Loan registration place Loan registration is made electronically, by accepting defined public offer.
Factors impacting the loan extension

•  Credit history 
• 
 Capacity of paying the loan and interest amounts, credit risk  
• 
 Compliance with SEF’s requirements of internal regulations

Required documents for loan disbursment Documents required by MobiDram CJSC for identification process.


Sample Loan Repayment Schedule 


  Credit amount
 (AMD)
                                 Repayments
Service fee                 Principal at the end of maturity
Annual                                  | the 12th month
5.000  6.000  5.000
25.000  24.000  25.000
50.000  42.000  50.000
 
General Conditions Leaflet

Conditions


Application


FINANCIAL ASSISTANT

http://www.abcfinance.am
Branches & Offices

Ejmiatsin Branch
Baghramyan street 4/2
Vagharshapat
Stepanavan Branch
6a G. Nzhdeh Street
Stepanavan
Sisian Branch
Israyelyan street 6/6
Sisian
Yerevan Branch
19/19 Yervand Kochar Street
Yerevan
All Branches
Updated: 02.08.2017(12:35)
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