- 3MonthsMaximum period
- 2,000,000AMDMaximum laon amount
- 2000PeopleGot a loan
"GLOBAL CREDIT" UCO CJSC, within the framework of cooperation with "ARMED" CJSC, provides interest-free financing to all those who wish to use the services of medical centers, who have health problems or need aesthetic interventions, but do not have money at the moment.
List of cooperating medical centers
To use organizations in other sectors, it is necessary to apply through the Telcell Wallet application. The list of cooperating points of sale is available on the Telcell company website.
| Customer | Citizen of Republic of Armenia |
| Customer's age | 21-70 |
| Loan currency | AMD |
| Lending type | non cash |
| Loan amount | up to 2,000,000 AMD |
| Loan term |
3 months |
| Annual interest rate |
0% |
| Annual factual interest rate* |
0% |
| Loan service fee |
0% |
| Loan payment |
7th of each month |
| Application review fee | not defined |
| Fines, penalties |
overdue amount penalty 0.13% per day late interest penalty 0.13% per day |
| Other conditions |
In case of delay in repayment of the loan monthly payment
If the number of overdue days does not exceed 3, AMD 5,000 damages, In other cases, the corresponding conditions of the CashMe unsecured loan type begin to apply to the loan |
| Decision making of loan lending |
at the same time |
| Factors for a positive decision/rejection of a loan |
Positive decision factors: positive credit history of the client, sufficient level of income and compliance of the technical condition of the pledged vehicle with the requirements set by the credit organization. |
ATTENTION LOAN INTEREST RATES ARE CALCULATED BASED ON THE NOMINAL INTEREST RATE. AND THE ACTUAL ANNUAL INTEREST RATE SHOWS HOW MUCH THE LOAN WILL COST YOU IN THE CASE OF MAKING THE INTEREST AND OTHER PAYMENTS IN DEFINED PERIODS AND MEASURES. YOU CAN FIND THE CALCULATION PROCEDURE OF THE ANNUAL ACTUAL INTEREST RATE ON THE FOLLOWING PAGE
General sheet of essential conditions of consumer credit
WARNING: YOUR PROPERTY MAY BE STATUTORY SEIZURE IF YOU FAIL TO MAKE YOUR INTEREST AND LOAN AMOUNT PAYMENTS ON TIME.
IF INTEREST AND LOAN PAYMENTS ARE NOT PAYED ON TIME, YOUR INFORMATION WILL BE REGISTERED IN THE CREDIT REGISTRY
Before signing the loan agreement, the company provides an individual sheet in accordance with Regulation 8/05 "Procedure, conditions, forms and minimum requirements for communication between the Bank and the depositor, the creditor and the consumer" approved by the Council of the Central Bank of the Republic of Armenia.
***One of the main factors influencing the decision to grant a loan is the credit history and the credit score.
Credit history is a set of data about the loans you have serviced and are servicing.
It is a creditworthiness score calculated by credit history analysis, expressed on a clear scale. It depends on a number of factors, including, but not limited to, the number and amount of loans received, payment history, and the number of new loan applications submitted.
In order to improve the rating, the borrower can exclude the existence of overdue obligations, reduce the number of guarantees given, ensure repayment of overdue amounts in terms of guarantees, reduce the current burden.
Place of loan formulation: online
You can familiarize yourself with the "Financial Assistant" system at the following link: www.fininfo.am
"ATTENTION: YOUR FINANCIAL DIRECTORY IS AN ELECTRONIC SYSTEM THAT FACILITATES SEARCHING, COMPARISON OF SERVICES OFFERED TO INDIVIDUALS AND CHOOSING THE MOST EFFECTIVE OPTION FOR YOU"
YOU HAVE THE RIGHT TO COMMUNICATE WITH THE FINANCIAL ORGANIZATION IN THE MODE OF YOUR PREFERENCE, WHETHER BY MAIL OR ELECTRONIC. RECEIVING ELECTRONIC WEATHER INFORMATION IS MOST CONVENIENT. IT IS AVAILABLE 24/7, IS FREE OF THE RISK OF LOSS OF PAPER DATA AND ENSURES PRIVACY
A self-developed score is used for this type of loan, the details of which can be found at the following link
Credit history is information about the obligations assumed by the client. Credit history can affect loan decisions and includes information that is at least 5 years old.
Credit history includes:
- Information on the amount of obligations assumed by the client, annual interest rate, balance of obligations, and property pledged against them
- History of payments on obligations assumed by the client, including delays in payments from the established schedule
- Guarantees given to other persons
- Information on the obligations of persons related to the client
The client can learn more about the credit history by visiting
https://www.abcfinance.am, Frequently Asked Questions - ACRA (acra.am) and www.acra.am websites. In case of detection of errors and shortcomings in the credit history, customers can inform the credit bureau for clarification and correction or directly contact the financial institution that transferred the information to the credit bureau.
A credit score is an assessment formed on the basis of information collected on the obligations serviced by the customer, which indicates the risk of repayment of the loan by the given customer in the coming certain period. You can find out more at the following link: abcfinance.am
The bank uses its own scoring system to assess the creditworthiness of customers in the retail lending sector.
The following groups of factors are used to calculate the score:
- The customer's credit history (delays in payments reduce the score)
- Information on the customer's employment and income (absence reduces the score)
- Other social and behavioral factors of the customer (have both a positive and negative impact on the score, depending on the type of factor and the form of expression
Directions for improving credit history and score
- make payments on their obligations on schedule
- avoid credit overload and unfounded new credit applications
- avoid providing guarantees to unreliable third parties
You can get acquainted with the "Financial Assistant" system at the following link: www.fininfo.am
- Application
- Preparation of documents
- Loan confirmation
- 1For medical purposes
- 2Fast
- 3Online
