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

This product is for individuals, which need to be financed on consumer purchasing and have cash for family life improvement.
 
Services
Solar power and heating system installation loans
 
Conditions Description
Name of the product Consumer loan
Target clientele Individuals
Currency of the credit AMD
Credit amount
  • 100.000 - 1.500.000 AMD
Loan maturity
  • For solar boilers up to 60 months
  • For solar power system up to 72 months
Periodic repayments of credit amount  Monthly 
- Each year in January, February and March, grace period on loan principal repayment is defined. During mentioned months the borrower pays only interest payments. 
Periodic repayments of interest Monthly
Loan and interest repayment methodology Repayment of the loan and interests shall be performed on annuity basis (equal monthly installments – principle + interests). The interest rate shall be applied towards the reducing balance.
Limitations Loans are disbursed only for purchasing goods from the stores, having  cooperation  contracts with SEF International
Annual interest amount 12% 
Monthly service payment 0.3% 
Actual annual amount 15%-17%

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– 12%
Nominal service payment- 0.3%
Credit amount` 1.500.000 AMD
Loan maturity` 72 months
Amount generally paid to SEF- 2.505.912 AMD
Factual year interest` 16.5%
Loan disbursment
methodology
Non-cash: bank transfer to the product distributor's bank account
Security (colloteral) type
  • Purchased goods
  • Guarantee in some cases
Loan/collateral ratio Up to 100%
Repayment of overdue liabilities For each delayed day a penalty in the amount of 0.4% of the overdue amount shall be accrued starting from the first overdue day.
In case of failing the obligations, if collateral is not enough to fullfill the obligation, obligation  can be fullfilled by borrower’s other property.

ATTENTION

YOUR PROPERTY MAY BE EXPROPRIATED, IF YOU FAIL TO MAKE REPAYMENTS OF YOUR LOAN AND INTERESTS ON TIME.

ATTENTION

IF YOU FAIL TO MAKE THE REPAYMENTS ON TIME THE INFORMATION ABOUT YOU SHALL BE REGISTERED IN THE CREDIT REGISTER.E THE INFORMATION ABOUT YOU SHALL BE REGISTERED IN THE CREDIT REGISTER.
Conditions of early (including partial) loan repayment
  •  In case of early (including partial) loan repayment, no fees are installed. 

 

Approval period After receiving all required documents up to 1 working days    
Factors impacting the loan extension

• Credit history
• Capacity of paying the loan and interest amount, credit risk
• Compliance with the requirements of internal regulations of the Bank

Loan disbursment period Loan is disbursed after sighning all necessary contracts during one day.
Loan registration place

SEF International UCO LLC’s barnch offices

Loan approved by Is stated by internal regulation


Sample Loan Repayment Schedule 

  Credit amount

 (AMD)

   Loan maturity
 72 months
Monthly/ average/ AMD
1.500.000  34.804
 
General Conditions Leaflet




FINANCIAL ASSISTANT

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

Sisian Branch
Israyelyan street 6/6
Sisian
Goris Branch
Komitas street 26/24
Goris
Kentron Branch
6/23 Northern Avenue
Yerevan
Noyemberyan Branch
Zoravar Andranik street 6/2
Noyemberyan
All Branches
Updated: 02.08.2017(12:35)
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