Details of special offer for purchasing Renault and Nissan cars

• Nominal interest rate 7%, 9%, 11%
  
• Annual percentage rate starting from 7.23%
  
• Annual percentage rate maximum up to 13.08%
• The maximum annual percentage rate cannot exceed double of  the CBA benchmark rate.

Loan interest is calculated on a daily basis for 365 days and for 366 days in case of leap year on the loan outstanding balance.

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.

• Up to 6 times of net monthly income if customer's minimum net monthly documented income is below AMD 300,000 
  
• Up to 8 times of net monthly income if customer's minimum net monthly documented income is AMD 300,000 and above
  

• Bank account holders - up to 6 times of  the lower of last 6 months average monthly balance, average monthly balance of the last month and net monthly income
  
• Other banks' account holders - up to 4 times of the lower of last 6 months average monthly balance, average monthly balance of the last month and net monthly income

• Loan amount may vary from AMD 150,000 up to AMD 10,000,000 for HSBC Plus and HSBC STATUS customers (and up to AMD 3,000,000 for customers who are not HSBC Plus or HSBC Status)
  
• 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
  
• The ratio of overall monthly loan payments to net monthly income cannot exceed 50% if loan provided with tenor above 36 months, or if loan amount is above AMD 3mln
  
• Up to 6 times of net monthly income multipliers will apply if loan amount is above AMD 5,000,000. In such cases the proportion of salary in monthly net income should constitute at least 70%

From 12 up to 36/60³ months.

Loan is provided in AMD.

• In case of overdue/default on loan principal and/or interest the Bank will apply penalty interest rate - 5% p.a. plus the loan nominal interest rate per annum, on the overdue amount.
• No early repayment fee is applicable. 

The following one-off account service fee will be charged to the customer's account:

• 2% of loan amount, maximum AMD 20,000 (not applicable for HSBC Plus and HSBC Status customers when loan amount exceeds AMD 2,000,000). Loan account fee is charged on loan provision day

The bank will provide customers with statements for their loan accounts in the manner and terms stipulated by the RA legislation. The statements can be delivered to the customer's postal address, sent via email or collected from any branch of the bank. You can familiarise yourself with the conditions, terms and fees for provision of statements, copies of statements or other information by referring to Tariff of Charges and Terms and Conditions.

Note

BEFORE SIGNING THE LOAN AGREEMENT, INDIVIDUAL BULLETIN TO BE PROVIDED AS PER CENTRAL BANK OF ARMENIA REGULATION 8/05 "ON BUSINESS CONDUCT RULES OF FINANCIAL ORGANIZATIONS".

ATTENTION: IF YOU DON'T MAKE YOUR LOAN MONTHLY REPAYMENTS IN LINE WITH THE LOAN SCHEDULE, INFORMATION ABOUT CREDIT HISTORY WILL BE SUBMITTED TO CENTRAL BANK OF ARMENIA AND ACRA CREDIT REPORTING CJSC IN THREE WORKING DAYS, RESULTING IN NEGATIVE IMPACT ON YOUR CREDIT HISTORY, SHOULD YOU DECIDE TO APPLY FOR ANOTHER LOAN IN THE FUTURE. YOU HAVE A RIGHT TO OBTAIN YOUR CREDIT HISTORY FROM CREDIT BUREAU FREE OF CHARGE ONCE A YEAR.

¹ Loan interest rate is floating for the loan with tenor above 36 months. Floating interest rate is applicable during the whole agreement period.

² Customers minimum age is 18. Customer's age plus the loan term should not exceed 65 years.

³ Loans with tenor of 37-60 months are applicable to HSBC Bank Armenia salaried customers only.

You're eligible to apply for a personal instalment loan if you're RA Resident¹ and meet the minimum criteria for salaried and non-salaried account holders.

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 any other bank
• at least 3 months employment history
• a salary transferred to your account for 3 months
• a net monthly salary of at least AMD 150,000
  

You must have a satisfactory banking relationship with us or other local banks for a period of 3 months and more, and the last 3 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 your account is with another bank

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 the bank will be communicated to you during the loan approving process.

Call our Contact Centre at +374 60 655 000.

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