Quick and Hassle-Free Financing
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Applying for a loan with us is a straightforward and convenient process.
About the Loan
Main terms and conditions | ||||
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Purpose of the loan | Improvement of living conditions, other consumer goals | |||
Loan currency | AMD | |||
Loan amount | 50,000-300,000 | |||
Loan maturity | 6-24 months | |||
Loan annual interest rate1 | 0% | |||
Loan annual percentage rate1 | 39.8%-41.4% | |||
Loan service fee [monthly]2 | 1,7% | |||
Loan disbursement fee [one off]2 | 0% | |||
Loan disbursement method | non cash |
Customer requirements | |||
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Minimum requirements for securing a credit4 | |||
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Credit rating |
Loan repayment | |||
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Notes | |||
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Required Documents (To Be Submitted In Person) | |||
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Required
| Additional
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Factors Influencing The Loan Decision | |||
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Positive factors
| Negative factors
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Timing | |||
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Loan application decision | Up to 1 hour | ||
Written or oral notification of the positive decision to the applicant | Up to 1 hour | ||
Written (paper or electronic) and verbal notification to the applicant about the negative decision | Up to 1 hour | ||
Loan disbursement | Up to 1 business day | ||
Term of validity of credit committee’s decision | Up to 1 business day |
Other Notes | |||
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Early Repayment | |||
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Warnings And Penalties | |||
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The annual percentage rate calculation is based on the following formula: |
Calculation Example | |||
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Loan amount | AMD 100,000 | ||
Loan maturity | 6 months | ||
Loan annual interest rate | 0% | ||
Loan service fee | 1,75% | ||
Loan disbursement day | 1 March, 2023 | ||
Loan first repayment date | 1 March, 2023 | ||
Loan annual percentage rate | 39․8% |
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Service | State Agency Or Cooperating Organization Providing The Services | Service Fee | |
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Ratification of the pledge agreement | Notary Offices of the RA | AMD 3,000 – 20,000 | |
Registration of pledge rights with respect to real estate | Cadastre Committee of the RA | AMD 3,000 – 30,000 | |
Provision of a unified certificate on the real estate unit | Cadastre Committee of the RA | AMD 500 – 10 000 | |
Registration of pledge rights with respect to agricultural machinery | The Ministry of Justice of the RA | AMD 2,000 | |
Registration of pledge rights with respect to vehicles | Records and Examinations Divisions of the Road Police Service of the RA Police | AMD 2,000 | |
Provision of a certificate on limitations with respect to vehicle alienation | Records and Examinations Divisions of the Road Police Service of the RA Police | AMD 3,000 | |
Bank transfer (transfer of service fees) | RA banks | AMD 300 per transfer | |
Independent appraisal of real estate pledged as collateral | Cost Consult LLC | Depending on the type and size of the property, minimum AMD 5,000 |
Customer Success
“Choosing FINCA for the “tatev cash” consumer loan was a wise decision; they swiftly provided the financial assistance I needed for important personal expenses. Their efficiency and customer-centric approach left me genuinely satisfied with the overall experience.” – Stepan