Credit lines 

Approved
by Decision No 377-Լ of the
Management Board of “IDBank” CJSC
as of October 1, 2020
Enters into force starting October 22, 2020

The terms mentioned in the bulletin may have been amended.
If you are looking through the bulletin on the website of the Bank, please pay attention to the action date of the bulletin.
If you are looking through the bulletin in a paper form, please visit the Bank’s website www.idbank.am for detailed information (paying attention to the action date of the bulletin), apply to any branch of the Bank or contact the Bank’s Call center: (+37410) 59 33 33 or (+37460) 27 33 33.

Annex 1

Structure and the share of income

Annex 2

Annex 3

List of required documents

¹Aggregate of all unsecured loans must not exceed 10-fold of net income.
² THE INTEREST AMOUNTS OF THE LOAN ARE CALCULATED UPON THE NOMINAL ANNUAL INTEREST RATE. THE INTEREST AMOUNT OF THE LOAN IS CALCULATED ON THE ACTUAL LOAN BALANCE, AND THE NOMINAL INTEREST RATE INDICATES HOW MUCH THE LOAN WOULD COST THE CLIENT GIVEN THE INTEREST AMOUNTS AND OTHER PAYMENTS WERE PAID ON TIME AND IN THE DEFINED AMOUNTS
Actual interest rates herein are calculated in accordance with tariffs on MasterCard Standard and MasterCard Gold cards respectively. In case of receiving cards by other type of card the mentioned actual interest rates may vary.
³55% ratio is applied for employees involved in the fields specified in Annex 2 hereof, while 45% ratio is applied for all other clients. Revolving credit lines are included in TDI calculation in the terms of annuity repayment method for the period of 60 months, in the amount of monthly repayment.
⁴In case the payment amount specified in lease agreement varies from the actually paid amount, the amount appraised by an independent appraisal company shall be accepted.
⁵Documents provided by point 4 of the list shall be presented according to the type of income (at least one is a must).
⁶The Bank requires bank account statement and/or personal account statement (with notifications) of a physical person provided by the State Revenue Committee of the RA in the following cases:
-          If the person is employed with an individual entrepreneur.
⁷Employment certificate must include information on the salary, position held by the borrower. The reference must include the date of issue, be signed and sealed (if any) by the organization.

GENERAL PROVISIONS

1. Prior to concluding loan agreement the Bank must provide to the customers personal paper of essential terms of consumer loan the amount of which is not above 15 million AMD, in which the personal terms and conditions of the loan to be provided are indicated.
2. A customer has the right to unilaterally terminate the loan agreement without any reasoning within 7 (seven) business days (time to think) after signing the loan agreement by returning the received overdraft amount in full and paying interests calculated in accordance with the annual nominal interest rate as defined by the agreement.
3. In case of early repayment, the Bank’s income-generating payments which constitute to the total lending cost in terms of the client are decreased proportionally.
4. The customer also has the right to fulfil (repay) its contractual liabilities ahead of schedule irrespective of the circumstance whether the agreement provides such a right or no.
5. Loan interest is calculated on the basis of nominal interest rates. The loan interest is calculated with regard to actual balance of the loan.
6. The nominal interest rate indicates how much the loan would cost the client given the interest amounts and other payments are paid on time and in the defined amounts. 
7. The order of calculation of annual nominal interest rate is presented at the following link: Instruction on calculation of annual nominal interest rate.
8. For foreign exchange loans the calculation of the actual interest rate is based on the exchange rate published on the CBA official site as of the date of the loan. Actual interest rate can be changed depending on the change of the value of the exchange rate published on the official site of the CBA. 
9. For foreign exchange loans the interest calculated with respect of the principal amount can be paid in the currency of the loan, if requested by the borrower.
10. For foreign exchange loans the changes of the foreign exchange rate can affect the repayment of the loan.
11. In case of failure to make the loan and interest amount payments the pledged funds and/or property of the customer can be confiscated in an order prescribed by law, and the Bank shall send the information on the client to the credit bureau within maximum three business days where the client’s credit history is built. Once a year the client has the right to receive information on his/her credit history free of charge. 
12. Bad credit history can prevent a customer from getting a loan in the future. 
13. In case if the client fails to perform its obligations, the latter’s obligations can be paid at the expense of other property of the client. 
14. Repayments of overdue liabilities are made in the following order: confiscation expenses, including judicial expenses (if applicable), interest penalty, loan principal amount penalty, interests, service fee and commissions /if applicable/ and loan amount. The Lender has the right to unilaterally change the order of repayments mentioned in this paragraph at any time. 
15. Disputes arising between the parties according to the RA legislation can be settled through court or by means of the Financial system mediator (as prescribed by RA law on “Financial System Mediator”): address – 15 M. Khorenatsi St. Yerevan 0010, “Elite Plaza” business center, 7^th floor, e-mail – info@fsm.am, phone number – (+37460) 70-11-11, fax – (+37410) 58-24-21. Moreover, in case if the amount of property claim does not exceed 500 000 (five hundred thousand) AMD or equivalent in foreign currency, the decision of the Financial System Mediator cannot be appealed by the Bank. 
16. For the purpose of proper study of the client in accordance with the RA law “On combating money laundering and terrorism financing” the Bank may require additional documents or information on the “know your customer” principle.
17. According to the agreement with the USA based on the Foreign Account Tax Compliance Act (FATCA) the Bank may collect additional information for the purpose of identification of the fact of the client being a US taxpayer. 
18. The client has the right to communicate with the Bank through a preferred means of communication: e-mail of regular post. The electronic means of communication is the most comfortable. It is available 24/7 and is free of the risk of losing information in paper as well as ensures confidentiality. 
19. The conditions on providing statements, their copes, references throughout the term of the loan agreement can be found at the following link: tariffs.
20. The list of branches and ATMs of the Bank, information on their locations and working hours can be found at the following link: Branches and ATMs.
21. Remote service by the Bank is provided thought IDBanking.am online system the information on the terms and tariffs of which is given in “Public terms of providing remote banking services.”

ATTENTION: THE BANK IS CONTROLLED BY THE RA CENTRAL BANK

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