Personal Assistance Loan

 

Personal Assistance Loan

Call +374 60 655 000 or

Call +374 60 655 000 or

Calculator

The Answer given by the Personal Assistance Loan Calculator does not constitute a promise or entail an obligation for the Bank to extend the loan


Loan Amount:

Loan amount may vary from AMD 150,000 up to AMD 2,000,000

Armenian Dram

Loan Amount:

Loan amount may vary from AMD 150,000 up to AMD 3,000,000

Loan Term:

From 6 up to 24/36 months


Loan Term:

From 6 up to 24/36 months

22%


Armenian Dram 22,678


Are you eligible for a Personal Assistance Loan? Check eligibility criteria here

Are you eligible for a Personal Assistance Loan?
Check eligibility criteria here

Note: Depending on risk assessment results, loan application may be approved at a higher interest rate.
Information regarding Annual Percentage Rate can be found here .

* Monthly payment will be calculated with annuity repayment option.

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.