Rocket Line

Rocket Line

Get now, pay over 60 months

Currency
֏
Interest rate
0% - 21.7%
Repayment term
1-60 months
Maximum amount
Up to 10,000,000 ֏

General

General
Tariffs
Documents
FAQ
Rocket Line

Rocket Line and Rocket Line 0%. Get now, pay later!

Get now, pay later with Rocket Line - available for an extended period. Rocket Line is a pre-approved limit - 10 mln AMD, which you can use for non-cash payments. It is now available for an extended period - your purchases can now be paid over 60 months.
The repayment term for your loan may vary depending on the amount of your non-cash purchase. If the repayment term is 6 months or less, the loan can be repaid in full at the end of the term. If the repayment term is between 9-60 months, the loan will be repaid through the annuity method (fixed monthly payments).

Check your limit in IDBanking.amthe Idram&IDBank application or on the Idram.am website.
With Rocket Line 0%, you can make payments  at about 8.500 points of sale, with an actual interest rate of 0% and without additional fees.

List of partners

Advantages

0 documenting
There is no need to submit any documents or conclude an agreement
Extended repayment term
Up to 60 months of repayment term
0% commission
The loan is provided without any commissions
Online approval
Get or increase your limit without visiting the bank
You can use Rocket Line 0%
when making payment with hundreds of partners, without any interest rate or additional payment.

Choose a loan

AMD
Loan ammount

You need to choose the loan amount you prefer from the scale below.

I AMD
Loan term, months

You need to choose the loan term that you prefer from the scale below.

1 months 60 months
Payment method

fixed monthly installments, where the monthly payment throughout the repayment period remains the same and consists of a portion of loan and a portion of interest.

This calculation is informative character and can be changed.

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Interest rate is lower than for the other credit lines - 15-16 % only

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Rocket Line
Rocket Line
Get or increase your limit without visiting the bank
There is no need to submit any documents or conclude an agreement
The loan is provided without any commissions
Rocket loans/credit lines
Rocket online loan
Credit Lines
The loan is being approved within a few minutes
The loan is available in Armenian drams
The loan is provided without any commissions
Loan approval takes up to 5 minutes
You should apply online to get the limit without visiting the Bank and without any documentation
There is no need to submit any documents
The loan is provided without any commissions
Use the amount free of interest up to the 15th day of the following month.
Maximum loan amount is 10 000 000 AMD
Interest rate is lower than for the other credit lines - 15-16 % only
The loan is provided without any commissions

Special offer

Rocket Loan

Get a loan of up to 5 million AMD at a rocket speed, without any commission and income proof document. Apply with Idram&IDBank application or IDBanking.am platform, and get the loan directly in the application within 5 minutes.

Rocket Line - Special offers
Type of loan
Credit
Purpose
Consumer, for making non-cash payment
Currency
AMD
Minimum limit amount
10,000
Maximum limit amount
10,000,000
Minimum loan amount provided within the limit
3,000
Maximum loan amount provided within the limit
10,000,000
Annual nominal interest rate
0% - 21.7%
Annual actual interest rate
0% - 24%
Minimum loan maturity
1 month
Maximum loan maturity
60 months
Method of disbursement
Non-cash – through the customer’s current account: 1. Online platforms of «IDBanking» and «Idram Internet Payment System», 2. «Idram&IDBank» application
Loan and interest repayment method
At the maturity/Annuity
Loan application review fee
Not specified
Loan disbursement lump up fee
Not specified
Loan account service fee
Not specified
Opening of current account
Not specified
Insurance
Not specified
Requirements to the borrower
Status-RA citizen physical person
Age eligibility
The borrower/guarantor should be 21 at least as of the date of application, and maximum 70 by the maturity date
Fine, penalty
Overdue loans, per day-0.1%

Overdue interest, per day-0.1%
Early repayment fee
Not specified
Grounds, on which the Bank may require early repayment of the loan
The Bank may require early repayment of the loan, if:

1) information presented for the loan is false or inaccurate,

2) obligations provided by the agreement failed to be performed,

3) other grounds, according to the agreement
Positive factors for provision of the loan
1) Good credit history,

2) Good Score,

3) enough cash flow
Rejection factors
1. Non-compliance with the terms of the loan

2. Negative credit history of the customer

3. Negative credit history of a person related to the customer

4. Insufficient income

5. Insufficient level of creditworthiness

6. Insufficient level of collateral liquidity from the Bank's point of view

7. An undesirable customer for the Bank

8. Providing false or unreliable information

9. Availability of information questioning the returnability of the loan

10. Lack of Customer Email

11. Other grounds
Maximum decision-making term
5 minutes
Customer notification maximum term (on the decision made with respect to the loan)
5 minutes
Venue where applications are accepted, processed and loan is provided
• IDBanking.am online platform

• Idram&IDBank mobile application

• Idram Internet Payment System
Maximum validity term of decision
1 working day
Type of loan
Credit
Purpose
Consumer loan for combining “Rocket Line” loans
Currency
AMD
Minimum limit amount
Not applicable
Maximum limit amount
10,000,000
Minimum loan amount provided within the limit
30,000
Maximum loan amount provided within the limit
10,000,000
Annual nominal interest rate
21.7%
Annual actual interest rate
24%
Minimum loan maturity
9 months
Maximum loan maturity
60 months
Method of disbursement
Non-cash – through the customer’s current account: 1. Online platforms of «IDBanking» and «Idram Internet Payment System»,

2. «Idram&IDBank» application
Loan and interest repayment method
Annuity
Loan application review fee
Not specified
Loan disbursement lump up fee
Not specified
Loan account service fee
Not specified
Opening of current account
Not specified
Insurance
Not specified
Requirements to the borrower
Status-RA citizen physical person
Age eligibility
The borrower/guarantor should be 21 at least as of the date of application, and maximum 70 by the maturity date
Fine, penalty
Overdue loans, per day-0.1%

Overdue interest, per day-0.1%
Early repayment fee
Not specified
Grounds, on which the Bank may require early repayment of the loan
The Bank may require early repayment of the loan, if:

1) information presented for the loan is false or inaccurate,

2) obligations provided by the agreement failed to be performed,

3) other grounds, according to the agreement
Positive factors for provision of the loan
1) Good credit history,

2) Good Score,

3) enough cash flow
Rejection factors
1. Non-compliance with the terms of the loan

2. Negative credit history of the customer

3. Negative credit history of a person related to the customer

4. Insufficient income

5. Insufficient level of creditworthiness

6. Insufficient level of collateral liquidity from the Bank's point of view

7. An undesirable customer for the Bank

8. Providing false or unreliable information

9. Availability of information questioning the returnability of the loan

10. Lack of Customer Email

11. Other grounds
Maximum decision-making term
5 minutes
Customer notification maximum term (on the decision made with respect to the loan)
5 minutes
Venue where applications are accepted, processed and loan is provided
• IDBanking.am online platform

• Idram&IDBank mobile application

• Idram Internet Payment System
Maximum validity term of decision
1 working day
Prerequisites for the use of a combination loan
Number of existing "Rocket Line" loans subject to combination/ deferment of repayment (when performing one transaction)/-from 2 to 20 loans

Minimum aggregate balance of loan(s) to be consolidated/combined/deferred (principal amount + interest)-30.000

Requirements for loans subject to combination/payment deferment-Loans issued under the condition of payback "at the end of the term"

One-time fee established for the use of the type of loan-2% (maximum AMD 100,000)

Absence of any outstanding loan obligations as of the date of combination/deferment of payment

Absence of any bans imposed by CESA.

Absence of classified loan liabilities (assets) in commercial banks and credit organizations.

*-The condition of collecting a one-time fee for the utilization of the combination/deferment of repayment opportunity is effective as of 08.09.2024. The fee is calculated based on the minimum aggregate balance of the loan(s) to be combined/deferred.
Type of loan
Credit
Purpose
Consumer loan for deferment of repayment of “Rocket Line” loans
Currency
AMD
Minimum limit amount
Not applicable
Maximum limit amount
10,000,000
Minimum loan amount provided within the limit
30,000
Maximum loan amount provided within the limit
10,000,000
Annual nominal interest rate
21.7%
Annual actual interest rate
24%
Minimum loan maturity
9 months
Maximum loan maturity
60 months
Method of disbursement
Non-cash – through the customer’s current account: 1. Online platforms of «IDBanking» and «Idram Internet Payment System»,

2. «Idram&IDBank» application
Loan and interest repayment method
Annuity
Loan application review fee
Not specified
Loan disbursement lump up fee
Not specified
Loan account service fee
Not specified
Opening of current account
Not specified
Insurance
Not specified
Requirements to the borrower
Status-RA citizen physical person
Age eligibility
The borrower/guarantor should be 21 at least as of the date of application, and maximum 70 by the maturity date
Fine, penalty
Overdue loans, per day-0.1%

Overdue interest, per day-0.1%
Early repayment fee
Not specified
Grounds, on which the Bank may require early repayment of the loan
The Bank may require early repayment of the loan, if:

1) information presented for the loan is false or inaccurate,

2) obligations provided by the agreement failed to be performed,

3) other grounds, according to the agreement
Positive factors for provision of the loan
1) Good credit history,

2) Good Score,

3) enough cash flow
Rejection factors
1. Non-compliance with the terms of the loan

2. Negative credit history of the customer

3. Negative credit history of a person related to the customer

4. Insufficient income

5. Insufficient level of creditworthiness

6. Insufficient level of collateral liquidity from the Bank's point of view

7. An undesirable customer for the Bank

8. Providing false or unreliable information

9. Availability of information questioning the returnability of the loan

10. Lack of Customer Email

11. Other grounds
Maximum decision-making term
5 minutes
Customer notification maximum term (on the decision made with respect to the loan)
5 minutes
Venue where applications are accepted, processed and loan is provided
• IDBanking.am online platform

• Idram&IDBank mobile application

• Idram Internet Payment System
Maximum validity term of decision
1 working day
Prerequisites for the use of a loan for deferment of repayment
Number of existing "Rocket Line" loans subject to combination/ deferment of repayment (when performing one transaction)/- 1 loan

Minimum aggregate balance of loan(s) to be consolidated/combined/deferred (principal amount + interest)-30.000

Requirements for loans subject to combination/payment deferment-Loans issued under the condition of payback "at the end of the term"

One-time fee established for the use of the type of loan-2% (maximum AMD 100,000)

Absence of any outstanding loan obligations as of the date of combination/deferment of payment

Absence of any bans imposed by CESA.

Absence of classified loan liabilities (assets) in commercial banks and credit organizations.

*-The condition of collecting a one-time fee for the utilization of the combination/deferment of repayment opportunity is effective as of 08.09.2024. The fee is calculated based on the minimum aggregate balance of the loan(s) to be combined/deferred.
Information regarding credit history and credit score
You can learn about the importance of credit history and credit score here․

Details via abcfinance.am and acra.am links.

Tariff archive

Tariffs valid from 21.11.23-11.03.24
201.37 KB
Tariffs valid from 11.08.23-20.11.23
758.53 KB
Tariffs valid from 05.04.23-10.08.23
762.86 KB
Required documents
89.77 KB
Rocket Line operates in more than 8,300 outlets, and in a number of outlets there is also the opportunity to make Rocket Line purchases at 0%. You can buy any goods with Rocket line, pay in 1 or 36 months, depending on the terms of the given trade and service point.
You can buy any goods with Rocket line, pay in 1-36 months, depending on the terms of the given trade and service point. There are no commissions and hidden fees for Rocket Line 0%, you only pay just for what you bought and nothing ahead. Rocket Line 0% also allows you to reduce your real estate secured loan interest rate by up to 2 percentage points, if you use it in the amount stipulated in the contract signed with you.
Rocket Line limit is provided if you are an Idram&IDBank application Premium Plus user and a customer of IDBank. In that case, the Bank can set a minimum limit for you, starting from 10,000 AMD. Moreover, the credit history of the customer is not verified, there is no need to apply to the Bank either. The limit will appear automatically on the first page of your Idram&IDBank application. You can use the limit as needed; no interest shall accrue on the unused amount.
The limit of the Rocket line is from 10,000 to 10 million AMD, depending on the customer’s loyalty and credit history. In order to increase the limit, the customer can apply to the Bank from Idram&IDBank application or IDBanking.am online platform, give ACRA consent, and according to his credit score the Bank will either provide a higher limit, leave the limit unchanged, or refuse to provide the limit.
First, you need to activate the corresponding function by clicking on the “Use limit when paying” button. Payment with Rocket Line can be made in case the amount to be paid is 3000 AMD and more. The limit can be used by choosing its repayment period from 1 to 36 months.
Yes, the opportunity of making payments from the limit can be turned off or on by clicking on the green line of the Rocket Line limit on the first page of the Idram&IDBank application, using the “Use limit when paying” button.
Information about the used limit can be found in the “Banking” section of the Idram&IDBank application, under Rocket Line loans or simply by clicking on the green line of the Rocket Line limit on the first page of the Idram& IDBank application.
Used limits can be repaid during the time period of 1-36 months as chosen by you, by making payment at any time convenient for you. The Rocket Line limit differs from ordinary loans in the absence of a mandatory payment schedule.
Yes, it is; just in addition to the principal amount you need to pay the interest accrued as of the settlement date, and in case of prepaid interest, the Bank will return it to the customer’s bank account at the end of the operational day.
Yes, the limit can be reset if the customer violates the payment terms, does not fulfil its other loan obligations to the Bank, appears in the black list, etc.
Yes, the limit can be renewed once you have used the limit or part of it, and made payments within the period of your choice.
You can pay for more than 450 integrated services in the Idram&IDBank application, as well as when making QR or NFC payments at  more than 19,000 outlets with Idram partners.
Rocket Line limit is provided to Idram Premium plus customers. However, in order to use it, it is necessary to become a customer of the Bank, to go through identification, to synchronize the accounts.
No, the limit is provided when you are a customer of both Idram and IDBank, i.e. you are a user of a joint platform of the two companies. You do not need to visit the Bank to become a customer of the Bank. From the Idram&IDBank application you can directly pass remote identification, become a customer of the Bank and use the Rocket line limit and all other services and benefits of the platform.
You have to visit any branch of the bank and write a corresponding application, after which your limit will become zero and it will no longer be active.
You can get Rocket Line for at least 1, 2, 3 months, and the maximum terms are determined depending on the amount of Rocket Line.
•    For non-cash payments up to 30,000 drams, the maximum installment period is 6 months, for payments from 30,000 to 500,000 drams - 24 months, with a period of 9 to 24 months (9, 12, 15, 18, 21, 24 months) in case receiving Rocket line, the client will make payments under the annuity option.
•     For payments over AMD 500,000, the maximum term is 36 months, and for a term of 9 to 36 months (with terms of 9, 12, 15, 18, 21, 24, 27, 30, 33, 36 months ), while in order to receive Rocket line, the client will make payments according to the annuity option.

No, the term is specified at the issuance stage and cannot be changed later.
In the case of partners with the possibility of Rocket line 0%, the interest rate changes, and in other points it is 21.7% for all terms.
When paying with the annuity option, the client will make equal repayments.
The interest rate of digital installment is different for merchants, depending on whether the Rocket Line merchant offers 0% and for what period.
Yes, the repayment schedule is provided along with the digital installment agreement.
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/THE BANK SUPERVISED BY THE CENTRAL BANK OF ARMENIA/
Information updated 12.03.2024 05:18
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