A new service with super-convenient terms. acbaSplit lets you make a wide range of purchases today and pay for them in installments, choosing the repayment term that works best for you.
Duration - 3 or 6 months
Annual nominal interest rate - 0%
Annual percentage rate (APR) - 0%
Minimum amount - AMD 26,000
Maximum amount - AMD 5,000,000
Currency - AMD
Collateral - no collateral
Loan commission fee - none
Loan repayments - equal monthly payments
ATTENTION: If the loan becomes overdue, a penalty of 0.13% of the outstanding overdue loan balance will be charged.
To get a loan, you must be an acba digital user and have an available credit limit.
Learn more:
Amount of possible additional fees - Loan Rates
Example of loan interest calculation:
Loan amount - AMD 1,000,000
Annual nominal interest rate - 0%
Loan term - 6 months
Commission fee - 0%
In this example, the monthly loan payment will be AMD 166,666.
The annual percentage rate (APR) will be 0%.
ATTENTION: LOAN INTEREST IS CALCULATED BASED ON THE NOMINAL INTEREST RATE, WHILE THE ANNUAL PERCENTAGE RATE (APR) SHOWS HOW MUCH THE LOAN WILL COST YOU IF INTEREST AND ALL MANDATORY PAYMENTS RELATED TO THE ISSUANCE AND SERVICING OF THE LOAN ARE MADE IN THE AMOUNTS AND WITHIN THE TIME FRAMES SPECIFIED. YOU CAN FIND THE APR CALCULATION HERE.
If the borrower fails to fulfill their obligations on time, a penalty of 0.13% is charged for each day overdue (applicable penalties).
Loan repayments are applied in the following order (when settling overdue obligations):
Penalty/fine
Principal
Important to know
Loans are provided for consumer purposes to resident individuals who have documented or analytically verified stable income and a positive credit history.
Factors contributing to a positive lending decision include an assessment of the customer’s creditworthiness.
Factors that may result in the rejection of a loan application include insufficient financial indicators identified during the assessment and the customer’s poor credit history.
The loan amount is disbursed by non-cash transfer and transferred to the organization that accepted the payment.
During the term of the agreement, statements are provided by email every thirty days unless the customer selects another method of communication.
During the term of the agreement, loan account statements and other information that must be provided under the legislation of the Republic of Armenia are provided free of charge. Statements that are not required to be provided under the legislation of the Republic of Armenia, as well as duplicate statements, are provided as follows:
Up to 6 months old (inclusive) - free of charge
From 6 to 12 months old (inclusive) - AMD 2,000 (including VAT)
More than 1 year old - AMD 3,000 (including VAT)
YOU HAVE THE RIGHT TO COMMUNICATE WITH THE FINANCIAL INSTITUTION USING YOUR PREFERRED METHOD - BY POST OR ELECTRONICALLY. RECEIVING INFORMATION ELECTRONICALLY IS THE MOST CONVENIENT OPTION. IT IS AVAILABLE 24/7, ELIMINATES THE RISK OF LOSING PAPER DOCUMENTS, AND ENSURES CONFIDENTIALITY.
The Bank may unilaterally change the interest rate specified in the agreement by notifying the Borrower at least 7 calendar days in advance if the loan is not used for its intended purpose or if the obligations stipulated in the loan agreement are not fulfilled.
ATTENTION: WHEN YOU APPLY FOR A LOAN, THE LENDER WILL PROVIDE YOU AND THE GUARANTOR(S) (IF ANY) WITH AN INDIVIDUAL INFORMATION SHEET ON THE ESSENTIAL TERMS OF THE CONSUMER LOAN, WHICH WILL SET OUT THE INDIVIDUAL TERMS OF THE LOAN TO BE PROVIDED TO YOU.
Information provided to the Credit Register:
ATTENTION: IF YOU FAIL TO FULFILL OR IMPROPERLY FULFILL YOUR OBLIGATIONS, THE LENDER WILL SUBMIT THIS INFORMATION TO THE CREDIT BUREAU AFTER 3 BUSINESS DAYS, WHERE YOUR CREDIT HISTORY IS FORMED. YOU HAVE THE RIGHT TO OBTAIN YOUR CREDIT HISTORY FROM THE CREDIT BUREAU FREE OF CHARGE ONCE A YEAR.
ATTENTION: A POOR CREDIT HISTORY MAY PREVENT YOU FROM OBTAINING A LOAN IN THE FUTURE.
You can learn more about the importance of credit history and the use of credit scoring here.
Financial Assistant
www.fininfo.am
ATTENTION: "YOUR FINANCIAL INFORMANT" IS AN ELECTRONIC SYSTEM THAT MAKES IT EASY TO SEARCH FOR, COMPARE, AND CHOOSE THE MOST EFFECTIVE OPTION FOR INDIVIDUALS.
