- 120MonthsMaximum period
- 20,000,000AMDMaximum laon amount
- 10,000PeopleGot a loan
Looking to buy a new or used vehicle, import a car from abroad, or access financing using your current vehicle as collateral? Global Credit offers fast, convenient, and fully online financing solutions available throughout Armenia.
Owning your next vehicle no longer has to be a distant goal. Choose the car you want, and Global Credit can provide the financing needed to help make your purchase possible through a simple and efficient process.
- Fully online application process available 24/7,
- Apply from anywhere in Armenia,
- Fast application process that takes only a few minutes,
- Keep using your vehicle when obtaining a car-backed loan,
- No CASCO insurance required,
- Formal employment is not mandatory,
- A Global Credit specialist can meet you at a convenient location,
- Quick preliminary decision and streamlined approval process.
| Loan currency | AMD |
| Lending type | Non cash |
| Annual interest rate | 12% (factual 22-69.78%) |
| Annual factual interest rate | 15.1% |
| Loan amount |
|
| Lending term | 12-120 months |
| Loan security | movable pledge |
| Loan/pledge ratio | 100% |
| Interest payment** | monthly |
| Loan payment | monthly or contractual |
| Application review fee | not applicable |
| Loan service fee (monthly) |
0%-3% |
| Loan lending fee (one time) |
3% |
| Cash payment | 0 |
| Collateral insurance fee |
not aplicable |
| Fines, penalties | amount overdue penalty daily 0,13% |
| Loan decision | just after submission o necessary documents |
| Loan lending | in 1 working day |
You can get acquainted with the "Financial Assistant" system at the following link` www.fininfo.am
Credit History and Credit Score
One of the key factors influencing the loan approval decision is the applicant's credit history and credit score (scoring).
For this loan product, a proprietary scoring model is used. You can learn more about it by following the link below.
Credit History
A credit history is a record of the customer's financial obligations and repayment behavior. It may influence lending decisions and includes information covering at least the previous five years.
A credit history includes:
- Information about the customer's financial obligations, including the amount of the obligation, annual interest rate, outstanding balance, and any collateral pledged against the obligation.
- The customer's payment history, including any delays or missed payments compared to the agreed repayment schedule.
- Guarantees provided by the customer for third parties.
- Information regarding the obligations of persons related to the customer.
Customers can obtain more detailed information about their credit history by visiting:
- https://www.abcfinance.am
- https://www.acra.am (Frequently Asked Questions section)
- https://www.acra.am
If any errors or inaccuracies are identified in the credit history, customers may request clarification and correction by notifying the credit bureau or by contacting the financial institution that submitted the information to the credit bureau.
- Application
- Preparation of documents
- Loan confirmation
- 124/7
- 2Online
- 3In every place
