If You want to acquire a car or replace Your car by a new one but Your financial resources don't suffice, acquire the car of Your dream via Armenian Development Bank!

Armenian Development Bank offers You loans for acquiring cars of the following models: MERCEDES-BENZ, BMW, AUDI, VOLKSWAGEN, LAND ROVER, PORSCHE, LEXUS, TOYOTA, NISSAN, INFINITI, MITSUBISHI, SUZUKI, KIA, HYUNDAI:

To get cars with maximum 3 years of production 

To get cars with 4-7 years of production

The decision on car loans is made within 7 working days following submission of required documents by a customer to the Bank. Within maximum 2 working days a borrower is informed about the decision and he is provided with a loan within maximum 3 days once required documents envisaged for the contract have been submitted. In case a loan application is turned down, a customer received written notification about the reasons of rejection.

Stipulations for the Bank's approval to provide a customer a loan are as follows:

• ability to pay the loan
• existence of borrower's financial resources
• the quality and type of loan security
• loan history of a borrower
• transfers of accounts in the Bank
• characteristics and field of activity
• general economic conditions impacting on a borrower's activity
• personal qualities of a borrower
• the opportunity of supervision over the loan

Mortgage estimation and formal procedure

Basic funds are estimated by independent estimating companies collaborating with the Bank according to tariffs defined by the companies. All the expenses and mortgage estimation and formal procedure (notarial certification, registration in territorial subdivisions of real estate cadastre) are covered by a borrower.   

There aren't stipulations limiting loan availability.

The list of documents