27.06.2017

For individuals

 

    EXPRESS AUTOLEASING

 

 

 

 

       Terms and conditions

 

  • Currency: AMD,

  • Down payment: starting from 20 % calculated out of the property,

  • Annual Interest Rate: 14% - 16%*,

  • Maturity period: up to 60 months,

  • Lump Sum Commission Payment: 1% out of the contract value,

  • Annual Compulsory Insurance: 2.5 % (for the first year - toward the property whole value, whilst upon each year end - toward the lease amount residue),

  • One or two guarantors (without any reference on income),

  • Repayments are completed monthly in equal amounts**.

 

       The clients can be offered lower percentage rates than they are introduced under the terms and conditions /for express auto leasing clients/, as it depends on the vehicle              trade mark and. therefore, on the terms and conditions of the promo actions worked out with the suppliers of the mentioned trade mark.

 

 

 

 

 

 

    CONSUMER LEASING

 

 

    Lease properties can be:

  • Motorcycles,

  • Scooters,
  • Water scooters,
  • Water motor boats,
  • Snow-ploughs,
  • Quadrocycles,
  • Bycicles,
  • Other transport means.
  • Solar water heating systems
  • Solar photovoltaic systems
  • Air ventilation systems
  • Other consumer commodities

 

       Terms and conditions

  • Currency: AMD,

  • Down payment: starting from 20 % calculated out of the property,
  • Annual Interest Rate: starting from 14% - 24%*,
  • Maturity period: up to 84 months,
  • Lump Sum Commission Payment: 1% out of the contract value,
  • Annual Compulsory Insurance: 0.25 % - 1% (for the first year - toward the property whole value, whilst upon each year end - toward the lease amount residue),
  • One or two guarantors (without any reference on income),
  • Repayments are completed monthly in equal amounts**.

         

        

        Repayments are made monthly in equal amounts and the interest rate is calculated toward the remained principal amount.

        Lease calculation method:

        Property cost                      2 000 000 AMD

        Advance payment              400 000 AMD

        Annual interest rate           16%

        Lease term                          36 months

        Monthly payment               56 251 AMD

       The leased property amount is transferred /not in cash/ to the property supplier, which has been chosen by the lessee.

 

 

       Priorities:

  • Lease approval in one day,
  • Collaboration with more than 60 supplier companies,
  • Annual Interest Rate reduction by 0.5 % after the first and each following year of the lease contract validity period, provided the client has no overdue payments,
  • Discounts and planned promotional campaigns,
  • Simplified document list.

       Required documents:

  • Scanned  version of the passport or identification card,
  • A document on income /original/,
  • Proforma Invoice issued by the supplier/original/,
  • Scanned version (s) of the passport (s) or identification card(s) of the guarantor(s),
  • Other required documents.

 

Useful Information:

Universal Paper on essential conditions and terms of Express Auto Leasing

Universal Paper on essential conditions and terms of Consumer Leasing

 

* Interest rates are calculated on the basis of nominal interest rate in respect of the lease amount residue. And the annual actual interest rate shows the cost of leasing in case the interests and other payments are covered in due time and in proper way.

Annual Actual Interest Rate Calculation method can be found here.

 

** Should the Lessee not fulfill his/her obligations timely, penalty will be imposed in respect of the overdue amount to the tune of 0.2 % per day and the information on the client will be recorded in the credit register, besides, pursuant to the lease contract, the Lessee will be obliged to return the lease property to “ACBA Leasing” CO CJSC. Meanwhile, “ACBA Leasing” CO CJSC will be entitled to demand complete fulfillment of lease contract obligations.

Detailed information on penalties can be found here.

 

 

 


 

 

 

 

 

 

 

 

 

   

 

 

 

 

 

 

In case of discrepancies between the published Armenian and English versions priority shall be given to the Armenian version.
Updated 22.06.2017. 15:45

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