We have decreased Personal Assistance Loans interest rate and increased the maximum loan amount for you to be one step closer to realising your goals.

Special offer is valid when applying from 28.06.2018 till 31.01.2019.

Fixed annual nominal interest rate
up to
No pledge requirement, no guarantor needed
  • No monthly or annual service fee applies. You only pay once upon loan drawdown
  • Loan amount - up to 8 times1 of net monthly salary
  • 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
  • Get better interest rate and save money by refinancing your personal assistance loan


  • Annual nominal interest rate is in force from 28 June, 2018 up to 31 January, 2019 and is applicable for the loan applications submitted within the mentioned period only.
  • APR starts from 15,25% and from 14,94% for PLUS and STATUS customers. 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 In case if minimum monthly net income comprises up to AMD 200,000, then up to 6 times of net monthly salary is applicable. In case if minimum monthly net income equal and above AMD 200,000, then up to 8 times of net monthly salary is applicable. For details please follow this link .

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

Last updated on: 08/01/2019 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 4.5% p.a. and is currently equal to: 9.5% + 4.5% = 14%


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