If you need money, don't rush to cancel your deposit agreement. You can receive a Credit Line, secured with a deposit.
Minimum amount not set, except for the following card types:
But not exceeding the card validity period.
Credit line, secured with a deposit is provided:
In case of repayment of the used credit line, the credit line amount is recovered in the amount of a larger repaid amount.
Currency – AMD
Term: Up to 60 months, but not exceeding the card validity period
Minimum amount not set, except for the following card types:
American Express Blue – AMD 180,000,
Visa Signature – AMD 500,000,
Visa Signature Limited Edition - AMD 500,000,
American Express Gold – AMD 1,000,000
Maximum amount:
95% of the pledged amount, provided that the pledged funds and the credit line are in the same currency and the credit line includes mandatory repayments,
80% of the pledged amount, if the pledged funds and the credit line are in the same currency and the credit line does not require mandatory repayments,
75% of the pledged amount, if the pledged funds and the credit line are in different currencies.
Repayment frequency:
minimum mandatory repayments are not required if the currency of the cash collateral and the credit line is the same, and the credit line is granted in an amount of up to 80% of the pledged funds (except for American Express Blue cards),
a payment in the amount of 10% of the credit line used as of the end of each month (5% for American Express Gold cards) must be made within 50 calendar days after month-end to the cardholder’s respective card account or loan code, if the currency of the cash collateral and the credit line is different, or if the credit line is granted in an amount of up to 95% of the pledged funds.
Maximum amount by card type:
| Card type | Maximum credit line limit | Grace period (for payment transactions only) |
| ArCa Classic | AMD 600,000 | - |
| ArCa Mir | ||
| Visa Classic, Visa Benefactor, MasterCard Standard, MasterCard UEFA CHAMPIONS LEAGUE | AMD 6,000,000 | From the transaction processing date until the |
| 7th calendar day of the following month | ||
| Visa Gold | No limitation | From the transaction processing date until the 14th calendar day of the following month |
| MasterCard Gold | ||
| American Express Cashback | AMD 6,000,000 | From the transaction processing date until the 7th calendar day of the following month |
| American Express Blue | AMD 6,000,000 | From the transaction processing date until the 20th calendar day of the following month |
| American Express Gold | AMD 18,000,000 | From the transaction processing date until the 20th calendar day of the following month. |
Annual effective interest rate – AMD: 11.19–16.06%
Interest calculation – daily, on the used credit line amount.
Collateral – cash funds.
At the same time, the credit line amount may not exceed the maximum credit line limits for payment cards.
You can learn more about card issuance and service fees here.
You can also order cards online here.
The credit line can be applied via acba digital or at a branch by presenting an identification document.
The decision to grant the credit line is made, and the credit line is arranged at the time of application,
IN CASE OF EARLY CREDIT LINE REPAYMENT, NO PENALTIES ARE CHARGED.
Example of credit line calculation
For a credit line with a term of 60 months, an annual interest rate of 14%, and an amount of AMD 1,000,000 issued on a VISA Classic card, the annual effective interest rate will be 11.19%. The daily interest amount will be calculated as follows:
Used credit line amount × Interest rate ÷ 365 = (1,000,000 × 14% ÷ 365) = AMD 383.5.
NOTE: LOAN INTEREST IS CALCULATED BASED ON THE NOMINAL INTEREST RATE, WHILE THE ANNUAL EFFECTIVE INTEREST RATE SHOWS HOW MUCH THE LOAN WILL ACTUALLY COST YOU, PROVIDED THAT ALL INTEREST PAYMENTS AND ALL MANDATORY PAYMENTS RELATED TO LOAN DISBURSEMENT AND SERVICING ARE MADE WITHIN THE SPECIFIED TIMEFRAMES AND AMOUNTS. YOU CAN FIND THE CALCULATION OF THE EFFECTIVE INTEREST RATE HERE.
Learn more:
Card issuance and service fees by card type – Card tariffs.
In case the borrower fails to fulfill their obligations on time, a penalty of 0.13% is charged for each overdue day (applicable penalties).
Loan repayments are made in the following order (when settling overdue obligations):
Penalty/fine
Interest
Principal amount
The credit line amount is provided in non-cash form,
The credit line is arranged at the Bank’s branches or via the acba digital platform,
During the term of the agreement, statements are provided via email every thirty days, unless the customer chooses another method of communication.
During the term of the agreement, the loan account statement and other information that are subject to mandatory disclosure under the legislation of the RA are provided free of charge. Statements not subject to mandatory disclosure under the legislation of the RA, as well as duplicate statements, are provided as follows:
For statements with a period of up to 6 months (inclusive) – free of charge
For statements with a period of 6 to 12 months (inclusive) – AMD 2,000 (including VAT)
For statements with a period of more than 1 year – AMD 3,000 (including VAT).
YOU HAVE THE RIGHT TO COMMUNICATE WITH THE FINANCIAL INSTITUTION IN YOUR PREFERRED WAY, EITHER BY POSTAL MAIL OR THROUGH DIGITAL CHANNELS. RECEIVING INFORMATION DIGITALLY IS THE MOST CONVENIENT OPTION. IT IS AVAILABLE 24/7, ELIMINATES THE RISK OF LOSS OF 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 in the event of misuse of the loan, as well as failure to fulfill the obligations set out in the loan agreement.
NOTE: WHEN APPLYING FOR A CREDIT LINE, THE BANK WILL PROVIDE YOU AND THE GUARANTOR(S) (if any) WITH AN INDIVIDUAL INFORMATION SHEET ON THE ESSENTIAL TERMS OF THE CREDIT LINE.
Foreclosure of collateral.
THE PLEDGED PROPERTY MAY BE FORECLOSED IF THE BORROWER FAILS TO MAKE TIMELY PAYMENTS OF INTEREST AND CREDIT LINE PRINCIPAL. IN CASE THE VALUE OF THE COLLATERAL IS INSUFFICIENT, THE BORROWER’S OBLIGATIONS WILL BE SETTLED AT THE EXPENSE OF THE BORROWER’S OTHER PROPERTY.
Information provided to the Credit register:
NOTE: IN CASE OF YOUR FAILURE OR IMPROPER PERFORMANCE OF YOUR OBLIGATIONS, THE LENDER WILL, AFTER 3 BUSINESS DAYS, SUBMIT SUCH INFORMATION TO THE CREDIT BUREAU, 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.
NOTE: A POOR CREDIT HISTORY MAY HINDER YOUR ABILITY TO OBTAIN A LOAN IN THE FUTURE.
FOR GUARANTORS:
Please, be informed:
If the borrower fails to fulfill their obligations, you will be required to pay on their behalf, with a negative impact on your credit history, and the possibility to lose your property.
You will be provided with copies of the loan and the guarantee agreement, and the repayment schedule.
Communication will be carried out using the method chosen by you.
You will be notified 7 days in advance of any changes to the terms of the agreement.
A reminder will be sent 1 day in advance regarding the existing obligation.
In case of delayed loan repayment, you will be informed no later than one day after the delay occurs.
THE GUARANTOR HAS THE RIGHT TO:
Request information from the lender at any time regarding the outstanding loan balance.
Recover from the borrower the amounts paid by you on the loan, as well as any other losses incurred on behalf of the borrower.
About credit history and credit score assessment
Credit history represents an individual’s credit behavior with respect to active and repaid loans, as well as guarantees provided by that individual. Having a positive credit history plays an important role in making a decision on loan approval. A positive credit history can be built by repaying loans on time and using them for their intended purpose.
For this loan type, a score analysis is not conducted; however, late repayment of loans negatively affects both the FICO score and the score assessment developed by the Bank.
Your financial informant
NOTE: "YOUR FINANCIAL INFORMANT" IS AN ELECTRONIC SYSTEM THAT MAKES IT EASY TO SEARCH FOR, COMPARE, AND CHOOSE THE MOST EFFECTIVE OPTION FOR INDIVIDUALS.