Personal Assistance Loan

 

Personal Assistance Loan

Call +374 60 655 000 or

Call +374 60 655 000 or

Special offer: decreased interest rate and increased loan amount for the applicants applying from 28.06.2018 till 31.10.2018. For more details please click here.

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

19%


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 .

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

Last updated on: 01/03/2018 15:00

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

Last updated on: 01/03/2018 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.