The Loan is offered at full-service branches of the Bank.

Attention: Loan interest shall be calculated based on nominal interest rate, while the effective annual interest rate shall indicate how much the loan will cost you upon full and timely payment of interests and all mandatory loan processing and servicing fees.

Dear Customer, the ratings and the number of inquiries generated as a result of your loan applications may affect your overall credit rating in the Scoring systems.

• Passport (ID)
• Social Security card

Grounds for loan approval and rejection

Grounds for loan approval

1. The customer submits all the required documents.
2. According to the inquiry made to the ACRA Credit Bureau on the customer’s credit history, the customer’s current liability risk class is standard, the maximum number of days overdue within the last 24 months is 45 days and the maximum number of days overdue within the last 12 months does not exceed 30 days.
3. The customer’s employment and registered salary data are recorded with Nork Social Services Technology and Awareness Center Foundation.
4. The customer has a positive credit history or no history at all, and the customer’s creditworthiness is assessed by the e-SCORING system as positive.
5. The customer meets all the requirements determined for the provision of this loan type.

Grounds for loan rejection

1. The customer fails to submit the required documents.
2. According to the inquiry made to the ACRA credit bureau following the submission of the loan application and the required documents, the customer’s credit history does not meet the eligibility requirements.
3. In case of rejection of the loan application, more than 2 attempts to qualify for the loan are made within 5 working days.
4. More than 2 loans within a year have been approved under this loan type.
5. The customer’s employment and registered salary data are not recorded with Nork Social Services Technology and Awareness Center Foundation.
6. The creditworthiness of the customer with a positive credit history or no history at all is assessed by the e-SCORING system as negative.
7. Information on the customer obtained in the course of the lending process undermines the customer’s solvency.

Under this type of loan, creditworthiness is assessed via the Bank's internal SCORE assessment system, which addresses the following key factors:

• Credit history
• Registered income
• Monthly repayments on current liabilities
• Age
• Other factors

Please note that inquiries on your credit history generated for the purpose of processing a new loan application may affect your credit rating (score).

Fees for provision of statements, references and other data*

*VAT included

When applying for a loan, the Lender shall provide you and guarantor(s) (if any) with an individual sheet on essential terms, wherein you will come across individual terms of the loan to be disbursed to you.  

Where you fail to perform your obligations either fully or partially, the Lender shall send those data to the credit bureau within a three-day period, where your credit history is generated. You shall have the right to obtain your credit history from the bureau free of charge. Attention: A bad credit history may hinder lending in the future.  

“Your financial directory” is an electronic system which facilitates the search and comparison of the services offered to individuals, and selection of the best options for you․

You have the right to communicate with a financial institution of your choice by post or e-mail. Receiving information electronically is the most convenient option. It is available 24/7, free from the risks of loss of paper information and ensures privacy.

The bank may request additional documents or other information based on the "Know your customer" principle, as well as ask additional questions during oral communication, for the purpose of due diligence of the customer defined by the RA Law "On Combating Money Laundering and Terrorist Financing". .

In accordance with the agreement signed with the USA based on the Compliance Act (FATCA), the financial organization may collect additional information to determine whether you are a US taxpayer.