MONEY TO PEOPLE
when they need it:
quickly, conveniently, responsibly.
We will support you to solve you short term financial needs with personal loans.
First fully online lending platform in Armenia
“GoodCredit” UCO CJSC, Legal address: 58/1 K. Ulnetsu St., Yerevan 0069, Armenia; Registration and License N 21 granted by the decision of Central Bank of Armenia N 391 A dated December 4, 2007; Tel.: (010) 24 80 05, (096) 44 01 42; E-mail: firstname.lastname@example.org
Annual Percentage Rate (APR)
APR is the percentage rate which, unlike the annual nominal interest rate, includes all other mandatory fees like front-end fee, monthly service fee in addition to the interest rate. To calculate the APR of a particular loan the Annual Percentage Rate calculator can be used.
Implications of non-payment
In case of failure to fulfill loan obligations the process to collect the debt may be initiated or the debt collection right may be transferred to third parties. This may eventually lead to a negative impact on the borrower's credit history and creditworthiness. In case of non-payment default penalties are applied to overdue amount in an amount of 1% for each overdue day (for consumer loans).
The extension of loan period or revision of other conditions can be implemented in exceptional cases, to ensure the repayment of the loan, which will have a negative impact on the borrower's credit history and creditworthiness in the future.