HSBC Overdraft

Our overdraft is a 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.
  • 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 branches (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.) or transferring money to preferred account.

Product overview

Overdraft size

Salaried account holders

  • For bank customers and other banks account holders - up to 4 times of net monthly salary

Non-salaried account holders

  • Bank account holders - up to 4 times of the lower of last 6 months average monthly balance and average monthly balance of the last month.
  • Other banks’ account holders - up to 2 times of the lower of last 6 months average monthly balance and average monthly balance of the last month.

Important notes

  • Overdraft limit may vary from AMD 50,000 up to AMD 2,000,000
  • The loan amount will be decreased by the existing unsecured credit facility outstanding amount
  • 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

Overdraft currency

Overdraft is provided in AMD.

Overdraft term

Overdraft is provided for unlimited period.

Overdraft service fee

  • Overdraft is provided free of charge
  • There is no monthly service fee applied for overdraft. Customer only pays service fees for current/savings account linked to overdraft as per standard tariffs.

Overdraft interest rate (fixed)

  • Annual nominal interest rate 15%
  • Annual Percentage Rate 16,08%
  • For the utilised amount of the overdraft interest is calculated on a daily basis for 365 days and for 366 days in case of leap year

Loan interest amount is being calculated based on the annual nominal interest rate, whereas the annual percentage rate or APR indicates how much would loan cost to borrower in case of repayment of interest amount and other payments under the defined timeline and terms.

Overdraft important notes

  • In case if overdraft utilisation exceeds the provided limit, 24% annual nominal interest rate will be applied on over limit amount
  • Before signing the overdraft agreement, Individual bulletin to be provided as per Central Bank of Armenia Regulation 8/05  "On Business Conduct Rules of Financial Organizations" 


You're eligible to apply for an overdraft if you're an Armenian National or RA Resident1 and meet the minimum criteria for salaried and non-salaried account holders.

Salaried account holder criteria

You must have:

  • an account with us
  • at least 3 months employment with a current employer
  • a net monthly salary of at least AMD 50,0002

Your salary should be transferred to your account after loan drawdown (in case if prior salary transfer is not required by us)3.

If you don't have account with us, you must have:

  • an account with another bank
  • at least 6 months employment history
  • a salary transferred to your account for 6 months
  • a net monthly salary of at least AMD 150,000

Non-salaried account holder criteria

You must have a satisfactory banking relationship with us or other local banks for a period of 6 months and more, and the last 6 months average monthly balance and average balance of the last month have been at least:

  • AMD 100,000 (or equivalent in foreign currency) if your account is with us
  • AMD 250,000 (or equivalent in foreign currency) if you account is with another local bank

Important note

Customer’s minimum age should be 18. Customer's maximum age should not exceed 65.

1Persons with minimum 1 year of residence in Armenia proven by respective documents are considered as Armenian residents.

2Customer’s overall monthly income should not be less than AMD 100,000.

3The requirements on salary transfer to your account with HSBC Bank Armenia CJSC will be communicated to you during the loan approving process.

Apply online

Complete the online application form and our customer service representative will contact you within 48 hours.

Apply by phone

Call our Contact Centre at +374 60 655 000.

Apply in branch

Alternatively you can visit one of our branches, where our staff will be glad to give you further information and process your application.

Related products


A great way to put your plans into action.


Making your driving plans a reality.


Our property loan to suit your needs.

Last updated on: 2/7/2019 03:35:19 AM