Personal Assistance Loan

Fast and flexible way to solve your financial needs

  • Easy and simple
    Borrow up starting as low as AMD 50,000 and up to AMD 2,000,000 with 15% standard fixed rate.
  • No provision and service fees
    There are no provision and account service fees; you only pay interest for the utilised limit.
  • Convenient to use
    Use overdraft limit by making free cash withdrawals at HSBC Bank Armenia ATMs and branches1 or transferring money to preferred account.

Overdraft is provided to HSBC Bank Armenia Customers.

1 Free encashment from branches is available only in case if amount is debited from Overdraft limit. Encashment of other amounts from Overdraft is done as per Tariff of charges for individuals and sole entrepreneurs.

Payment and credit cards

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

Last updated on: 27/06/2017 15:00

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

Last updated on: 27/06/2017 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 presents account history from other Bank 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.

Overdraft Repayment

Monthly statement is provided reflecting overdraft limit utilisation during current month, accrued interest amount and the Minimum Payment Due amount. Statement date is chosen by the customer.

Minimum Payment Due amount must be repaid on Payment date - 5 days after Statement generation date.

Minimum Payment Due amount comprises 10% of the overdraft utilised amount and accrued interest.

Minimum Payment Due amount is repaid automatically from overdraft linked account, or manually - by making a regular transfer to overdraft account between Statement and Payment dates.

Any credit to overdraft account between Payment and Statement dates will be considered as repayment for Minimum Payment Due amount. In case if the latter is 0, credited amount will be transferred to overdraft account.

Important notes

  • Interest is calculated on daily basis on overdraft utilised amount, and is repaid from overdraft account on Statement date1.
  • Accrued interest is paid in AMD
  • No penalty is charged in case of overdraft early repayment.
  • In case of insufficient funds on overdraft linked account the Bank has the right to collect due amount from Customer’s other accounts held in the Bank.

1 Interest amount repayment before Statement date is possible only via branch or Telephone banking service.