Calculation of interest amount and interest rate

Loan interest amount is being calculated based on the nominal rate, whereas the annual percentage rate indicates how much would loan cost to borrower in case of repayment of interest amount and other payments under the defined timeline and terms.

Interest amount is calculated on a daily basis by using the following formula:

I = R*L/365, where

I = one day interest amount

R = current interest rate

L = outstanding amount of loan

Annual percentage rate value depends on loan terms (amount, length, regular payment amount

and number of repayments).

Annual percentage rate is calculated by using the following formula:

Where,

i is the annual percentage rate, which shows the total expenditure of the loan expressed in annual rate of provided loan, which includes all the interests and payments which should be made by borrower while obtaining the loan as well as during the whole term of the loan.

A is the initial amount of provided loan

n is the consecutive number of the loan repayment

N is the number of repayments

CF_n the payment received upon the receipt of the loan and/or regular n-th payment received during the operation of the loan.

D_n is the number that indicates how many days are passed from the moment the loan has been granted till the loan n-th payment date (inclusive).

• loan amount - AMD 50,000,000
• loan term - 240 months
• annual interest rate – 12.5%
• annual percentage rate - 13.67%
• days in a year - 365/366
• loan provision date - 01/09/2022
• first repayment date - 05/10/2022
• loan full repayment date – 05/09/2042
• loan one-off provision fee - AMD 200,000
• monthly repayments

repayment for the first month - AMD 790,525.11 (out of which - interest amount AMD 582,191.78)

repayment for the second month - AMD 736,943.49 (out of which - interest amount AMD 528,610.16)

repayment for the last month - AMD 210,545.09 (out of which - interest amount AMD 2,211.76)

Interest amount for the whole period of loan is AMD 62,824,673.83.

• loan amount - USD 50,000
• loan term - 120 months
• annual interest rate - 8%
• annual percentage rate –8.75%
• days in a year – 365/366
• loan provision date – 01/10/2022
• first repayment date – 01/11/2022
• loan full repayment date – 01/10/2032
• loan one-off provision fee – Free of charge
• monthly repayments:

repayment for the first month – USD 756.39 (out of which – interest amount USD 339.73)

repayment for the second month – USD 742.69 (out of which – interest amount USD 326.03);

repayment for the last month – USD 419.4 (out of which – interest amount USD 2.73)

• loan amount - AMD 1,500,000
• fixed nominal interest rate – 15%
• repayment term – 24 months
• loan repayment option - principle is repaid in equal monthly instalments, while interest amount decreases with the repayment of a principal. Therefore, monthly repayments will decrease over the loan tenor. - reducing
• loan one-off provision fee – Free of charge
• loan provision date – 04/10/2022
• first payment date – 04/11/2022
• loan full repayment date – 04/10/2024
• monthly repayments repayment

repayment for the 1st month – AMD   81,609.59 (out of which – interest amount AMD  19,109.59)

repayment for the 2nd month – AMD  80,813.36 (out of which – interest amount AMD  18,313.36)

repayment for the last month – AMD    63,268.44 (out of which – interest amount AMD  768.44)

Interest amount for the whole period of loan is AMD 234,539.64.

Annual percentage rate – 16.10%

• loan amount - AMD 4,500,000
• floating nominal interest rate – 16% p.a.
• repayment term – 48 months
• loan repayment option - principle is repaid in equal monthly instalments, while interest amount decreases with the repayment of a principal. Therefore, monthly repayments will decrease over the loan tenor.
• loan one-off provision fee - AMD 45,000
• insurance fee – AMD 187,500 (car value is equal AMD 7,500,000)
• car valuation cost – AMD 8,000
• certificate regarding rights and restrictions over the property provided by RP – AMD 3,005
• property ownership rights registration fee – AMD 23,900
• property pledging state registration fee – AMD 2,003
• loan provision date – 01/09/2022
• first payment date – 05/10/2022
• loan full repayment date - 05/09/2026
• monthly repayments

repayment for the first month – AMD 160,818.49  (out of which - interest amount AMD 67,068.49)

repayment for the second month - AMD 153,626.71 (out of which - interest amount AMD 59,876.71)

repayment for the last month - AMD 95,023.97 (out of which - interest amount AMD 1,273.97)

Interest amount for the whole period of loan is AMD 1,477,458.68

Annual percentage rate – 28.33%

• loan amount - AMD 10,000,000
• floating nominal interest rate – 14% p.a.
• repayment term – 84 months
• loan repayment option - principle is repaid in equal monthly instalments, while interest amount decreases with the repayment of a principal. Therefore, monthly repayments will decrease over the loan tenor. - reducing
• loan one-off provision fee – Free of charge
• insurance fee – AMD 375,000 yearly (car value is equal AMD 15,000,000)
• car valuation cost – AMD 8,000
• certificate regarding rights and restrictions over the property provided by RP – AMD 3,005
• property ownership rights registration fee – AMD 23,900
• notary service fee (including notary verification state duty) – Pledge and S&P Notar Fee – AMD 26,000
• property pledging state registration fee –  AMD 2,003
• loan provision date – 01/10/2022
• first payment date – 01/11/2022
• loan full repayment date - 01/10/2029
• monthly repayments

repayment for the 1st month – AMD 237,951.73 (out of which – interest amount AMD  118,904.11)

repayment for the 2nd month – AMD 232,746.25 (out of which – interest amount AMD  113,698.63)

repayment for the last month – AMD 120,417.48 (out of which – interest amount AMD  1,369.86)

Interest amount for the whole period of loan is AMD 4,959,033.24

Annual percentage rate – 23.00%

• loan amount – AMD 10,000,000
• floating nominal interest rate – 14% p.a.
• repayment term – 120 months
• loan repayment option - repayments are calculated on annuity basis
• loan one-off provision fee – AMD 100,000
• property insurance fee calculated on loan amount – AMD 18,000
• property evaluation fee – on average AMD 17,500
• notary and state agency fees for property pledging - AMD 51,239
• loan provision date – 01/09/2022
• first payment date – 05/10/2022
• loan full repayment date - 06/09/2032
• monthly loan repayment amount in equal instalments is AMD 155,266.44, out of which

interest amount for the first month - AMD 130,410.96

interest amount for the second month - AMD 118,608.57

interest amount for the last month - AMD 2,573.67

Interest amount for the whole period of loan is AMD 8,689,538.88

Annual percentage rate – 15.71%

• overdraft limit - AMD 500,000
• overdraft annual nominal interest rate – 16%
• calculation period - 12 months, or 365 days
• overdraft monthly service fee – not applied
• monthly repayment – at least once a month minimum 10% of utilised amount (including accrued interest)
• loan provision date – 01/11/2017
• first payment date – 01/12/2017

Annual percentage rate – 17.23%