Resolutions

#ChangeOfScene
#NewBeginnings
#StartsToday

Turn your plans into reality fast and hassle free with the help of HSBC personal assistance loans

 
19%*
annual nominal interest rate
salary
x4
maximum
up to
2mln**
AMD
No pledge requirement, no guarantor needed

* 17% for STATUS and PLUS customers
**AMD 3mln for STATUS and PLUS customers

  • No monthly or annual service fee applies. You only pay once upon loan drawdown
  • Loan term 6-36 months1
  • Free encashment of loan amount from HSBC Bank Armenia branches and ATMs
  • Flexibility to choose the repayment type – with reducing principal or on annuity basis
  • No early repayment fee



Notes

  • For APR calculation please follow this link.

Ready to apply?

Check your eligibility and apply online. We will contact you back within 48 hours

Apply online

Or Call us

060 655 500

Our phone lines are open 24/7

1 Loans with tenor of 25-36 months are applicable to HSBC Bank Armenia salaried customers only

#MyLittlePianist
#FirstChords
#StartsToday

Property Secured Loans in AMD
for achieving the most important goals in your life

The terms described in the table are for loans in AMD. Learn about loans in USD here.

starting
15%
annual nominal interest rate
up to
60mln
AMD
up to
10
years
For up to 70% of the property value
  • No monthly or annual service fee applies. You only pay once upon loan drawdown
  • Free encashment of loan amount from HSBC Bank Armenia branches and ATMs
  • Flexibility to choose the repayment type – with reducing principal or on annuity basis
  • No early repayment fee
  • Availability of loan in USD (for customers having income in USD)



Note. For APR calculation please follow this link.

Ready to apply?

Check your eligibility and apply online. We will contact you back within 48 hours

Apply online

Or Call us

060 655 500

Our phone lines are open 24/7

#BonjourParis
#GourmandHeaven
#StartsToday

Bright and memorable moments guaranteed when you travel with your MasterCard.

Get attractive discounts and save while paying with your card home and abroad

starting
16%
annual nominal interest rate
up to
45 days
grace period1
Discounts in over 120 sales and service points in Armenia
home&Away global offers in over 40 countries
  • Choose a credit card that suits your lifestyle best
  • Buy now, pay later with monthly minimum amount due of 10%
  • Get free SMS notifications for card transactions



Note. For APR calculation please follow this link.

Ready to apply?

Check your eligibility and apply online. We will contact you back within 48 hours

Apply online

Or Call us

060 655 500

Our phone lines are open 24/7

1 Grace period applies for non-cash transactions only. Grace period is not available for MasterCard Standard Flexi Card.

#OurNewHome
#ValuablesDelivered
#StartsToday

Your dream home is only a step away with Mortgage loans in AMD

The terms described in the table are for loans in AMD. Learn about loans in USD here.

 
14%*
annual nominal interest rate
up to
200mln
AMD
up to
15
years
For up to 90% of the property value

* 13% for STATUS and PLUS customers

  • Mortgage loans for both property purchase and property renovation purpose
  • No monthly or annual service fee applies. You only pay once upon loan drawdown
  • Flexibility to choose the repayment type – with reducing principal or on annuity basis
  • Availability of loan in USD (for customers having income in USD)

Ready to apply?

Check your eligibility and apply online. We will contact you back within 48 hours

Apply online

Or Call us

060 655 500

Our phone lines are open 24/7

#NewCar
#NewRoadsAhead
#StartsToday

Get your new car from both primary and secondary markets with the help of our Car Loans

 
16%
annual nominal interest rate
up to
20 mln
AMD
For up to 70% of the car value
  • No monthly or annual service fee applies. You only pay once upon loan drawdown
  • Loan term 6-60 months
  • Flexibility to choose the repayment type – with reducing principal or on annuity basis
  • No early repayment fee



Note. For APR calculation please follow this link.

Ready to apply?

Check your eligibility and apply online. We will contact you back within 48 hours

Apply online

Or Call us

060 655 500

Our phone lines are open 24/7

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

Last updated on: 01/02/2017 15:00

 

Required documents

  • Valid passport, residency card or Identification card (ID card)
  • 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 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 (for payroll customers), an official advice on source / size of income, advice on account average balance for the last 6 months (for non-payroll customers).
  • Ownership Certificate (the original certificate registered in the name of the buyer is kept in the Bank until full repayment of the loan).
  • Valuation report of the car securing the loan. Evaluation is to be conducted by independent valuators authorized by the Bank.
  • Letter provided by respective registration examination subdivision of Road Police Services of RoA Police concerning the limitations applied on the car, car registration certificate copy, buyer's, seller's and co-owners' passport or other ID copies.
  • For new cars purchased from official dealers, Sell and Purchase agreement, relevant invoice and customs clearance.
  • 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.

 
 

What is the annual nominal interest rate for car loans in AMD?

Floating annual nominal interest rate calculated at the Bank AMD Base Rate plus fixed Interest Rate Margin of 5.5% p.a. and is currently equal to: 10.5% + 5.5% = 16%

 
 

What is the maximum term and loan amount for car loans?

Maximum term for car loan is 60 months; maximum loan amount is AMD 10 mln. Loan amount cannot exceed 60% of the car value

 
 

Are there any loan provision/servicing fees?

There is no monthly or annual fee for receiving the loan. The only applicable fee is:

  • AMD 50 000, in case if the loan amount is less or equal to AMD 5 million
  • AMD 100 000, in case if the loan amount is greater than AMD 5 million paid one-off upon loan provision.
 
 

Is the loan granted for purchasing new or used cars?

Car loan is provided to purchase cars both from primary and secondary markets.

 
 

What is the maximum debt-to-income ratio (DIR)?

The ratio of overall monthly loan payments to net monthly income cannot exceed 60% if net monthly income is less than AMD 700,000 and 70%, if net monthly income is greater than or equal to AMD 700,000