YEREVAN, March 6. / ARKA /. ACBA-CREDIT AGRICOLE BANK has unveiled today new ArCa Credit cards with declining-balance for getting credit lines. The cards validity term is five years. They can be used throughout Armenia to make both encashment and payment transactions, the bank said in a press release.

Unlike standard credit lines, equal amounts, set by the bank are deducted monthly from the credit lines with the declining balance allowing customers to make regular payments and zero their credit commitments.

Customers can get credit lines with the declining-balance in the amount of up to 500,000 drams or an equivalent amount in foreign currency without a document certifying one’s income. The maximum amount of the credit line with the declining balance is 10 million drams or the equivalent in foreign currency.

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Tags: ACBA-Credit Agricole bank, ArCa Credit card, Armenia

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