Consumer Aparik Loan
Acquire household appliances, goods and services you need from our partner organizations in all regions of Armenia with the Consumer Aparik Loan.

AMD 75,000 – 5,000,000

21,1% – 42,3%

6 – 36 months
Our Benefits
About the Loan
MAIN TERMS AND CONDITIONS | ||
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Loan currency | AMD | |
Loan amount | 75,000 – 500,000 | 500,001 – 5,000,000 |
Loan maturity | 6–24 months | 6–36 months |
Loan annual interest rate1 | 10% – 16%2 | 0% – 6%2 |
Loan annual percentage rate1 | 33,3% – 42,3% | 21,1% – 29,4% |
Loan service fee [monthly]3 | 1% | |
Loan disbursement fee [one off]3 | 0% | |
Loan disbursement method | Cash, Non-cash (is transferred to FINCA partner organization) |
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Loan purpose | Acquirement of products and/or services from FINCA partner organizations4 |
CUSTOMER REQUIREMENTS |
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MINIMUM REQUIREMENTS5 FOR LOAN SECURITY | ||
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AMD 75,000 – 500,000 | AMD 500,001 – 2,500,000 | AMD 2,500,001 – 5,000,000 |
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The loan can be provided to more than one borrower (co-borrower), in which case the requirements for the borrower also apply to the co-borrower. |
LOAN REPAYMENT |
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OTHER TERMS AND CONDITIONS | |
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Loan disbursement in tranches | Not applicable |
Parallel loans |
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NOTES |
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REQUIRED DOCUMENTS (to be submitted in person) | |
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FACTORS INFLUENCING THE LOAN DECISION | |
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Positive factors
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Negative factors
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TIMING | |
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Loan application decision | Up to 2 business days |
Provision of a written or verbal notification on the decision | Up to 1 business day |
Loan disbursement | Up to 4 business days after the submission of the application |
OTHER NOTES | |
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EARLY REPAYMENT | |
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WARNINGS AND PENALTIES | |
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A – the initial loan amount
n – the sequence number of the installment for loan repayment
N – the sequence number of the last installment for loan repayment
Kn – the amount of the nth installment for loan repayment
Dn – the number of days between the loan disbursement date and the date of the nth installment for loan repayment
i – the annual percentage rate
CALCULATION EXAMPLE | |
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Loan amount | AMD 1,000,000 |
Loan maturity | 24 months |
Loan annual interest rate | 3% |
Loan service fee | 1% |
Loan disbursement fee | 0% |
Loan repayment | Equal monthly repayments |
Loan disbursement day | 05 February 2020 |
Loan first repayment date | 05 March 2020 |
Loan annual percentage rate | 27.0% |
- In the cases and according to the order provided by the contract and the terms constituting an integral part of the contract, FINCA has a right to unilaterally change the interest rate of the loan by up to +5 percentage points but not more than twice the bank reference rate set by the Central Bank of Armenia. The borrower should be notified about the change 7 business days prior to its entry into force.
- Loan statements provided on the spot; other information is provided within 10 business days upon request. Provision of statements and other information is free of charge.
- You can communicate with FINCA by using the channel of your preference: either postal services or electronic communication. It is more convenient to obtain information electronically as it is free of the risk of losing information on paper.
- To compare the loan types offered to individuals and to choose the most suitable option, you can visit the electronic platform Your Financial Directory at www.fininfo.am.
- When pledging property as collateral for a loan, a need to use third party services arises. The prices of those services and the respective service providers are presented below:
Service | STATE AGENCY OR COOPERATING ORGANIZATION PROVIDING THE SERVICES | SERVICE FEE |
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Ratification of the pledge agreement | Notary Offices of the RA | AMD 3,000 – 20,000 |
Registration of pledge rights with respect to real estate | Cadastre Committee of the RA | AMD 3,000 – 30,000 |
Provision of a unified certificate on the real estate unit | Cadastre Committee of the RA | AMD 500 – 10 000 |
Registration of pledge rights with respect to agricultural machinery | The Ministry of Justice of the RA | AMD 2,000 |
Registration of pledge rights with respect to vehicles | Records and Examinations Divisions of the Road Police Service of the RA Police | AMD 2,000 |
Provision of a certificate on limitations with respect to vehicle alienation | Records and Examinations Divisions of the Road Police Service of the RA Police | AMD 3,000 |
Bank transfer (transfer of service fees) | RA banks | AMD 300 per transfer |
Independent appraisal of real estate pledged as collateral | Cost Consult LLC Oliver Group LLC A.G. Borsa LLC VM RP LLC Gardi LLC Finlaw LLC |
Depending on the type and size of the property, minimum AMD 5,000 |
Current terms are effective as of January 3, 2022, based on FINCA UCO CJSC Management Board resolution 174/2021, 30.12.2021
NOTE:
- Additional Service Fees
- FINCA UCO is regulated by the Central Bank of Armenia
- To search and compare the services offered by financial institutions of the RA, you can visit the Fininfo electronic platform