Personal Assistance Loan

 

Personal Assistance Loan

Call +374 60 655 000 or

Call +374 60 655 000 or

Supporting you to realize your plans quick and hassle free

  • No pledge requirement
    Receive a personal loan hassle free and with no pledge requirement.
  • Affordable
    No annual service fee applies. You only pay once when receiving the loan.
  • Flexibile
    Choose the repayment type as well as the term of the loan to best suit your needs.

Note: In case of discrepancies between the Armenian and English versions of this page, the Armenian version shall prevail.

Last updated on: 01/10/2016 15:00

Note: In case of discrepancies between the Armenian and English versions of this page, the Armenian version shall prevail.

Last updated on: 01/10/2016 15:00

 

Required documents

  • Valid passport, residency card or Identification card (ID)
  • For the Bank payroll customers: a letter from the employer undertaking to process the applicant's remuneration through HSBC Bank Armenia CJSC (in the form acceptable by the Bank)
  • For the Bank non-payroll customers: any official evidence and/or documentation on source/size of income, e.g. profit/income tax return, dividend certificate, lease agreement, banks statements, etc
  • If the applicant is other bank customer: the applicant's bank statements proving salary transfers for the last 6 months (payroll customers), an official advice on source / size of income, advice on account average balance for the last 6 months (for non-payroll customers)
  • Other documents that may be required during loan application process.
 
 

Loan repayment

The following repayment options are available for the borrowers:

  • Principal is repaid in equal monthly installments, while interest amount decreases with the repayment of principal. Therefore, monthly repayments will decrease over the loan tenor.
  • Repayments are calculated on annuity basis, where both principal and interest monthly repayment amounts change over the loan tenor, while the total monthly repayment amount remains constant.

Note: The accrued interest will be billed monthly and is subject to payment in AMD, along with the monthly principal amount repayment.