Online Loans in Armenia: Where to Get a Loan Without Visiting a Bank?
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Author
Saty Avagyan
Source
AFMTopic
Cash Loans, Secured Loans, Ameriabank, ID Bank, Evocabank, Inecobank, Converse Bank, Unibank, VTB Bank
Modern technology allows you to apply for urgent loans without leaving your home. Terms like online loans, passport-based loans, and instant loans all seem synonymous with convenience. However, in Armenia, banks do not issue loans solely based on an online application without identity verification.
Not all offers labeled as "online loans" meet users' expectations. Let’s explore what truly qualifies as an online loan and what does not.
What is an Online Loan?
Many banks and financial institutions advertise "online" loans, but this does not always mean a fully remote process. To avoid confusion, it is essential to understand what a true online loan is and how it differs from simply submitting an application online.
An online loan is a loan that can be obtained entirely remotely, without visiting a bank. This means the entire process—from application submission to fund disbursement—happens digitally. The client fills out an application on the bank’s website or mobile app, undergoes verification, and if approved, signs the contract online. The money is then automatically credited to their card or account.
If a personal visit to a branch is required at any stage—such as signing the contract or receiving the funds—the loan is no longer fully online. Even if a bank representative visits your home for document signing, it is still considered online processing since the client does not have to visit a branch.
In this article, we will discuss where and how to get a loan without visiting a bank.
Can You Get an Online Loan in Armenia Without Visiting a Bank?
One key point to understand is that banks in Armenia do not issue loans via website applications without additional verification. This means that new customers cannot get a loan remotely. You may receive online approval, but you will still need to visit the bank to collect the funds. However, if you are already a customer and have access to the bank’s mobile app, you can receive a loan without visiting a branch.
This requirement exists because banks are legally obligated to verify their clients' identities. Therefore, an online loan can only be issued through internet banking or a mobile application.
Which Banks Offer Loans Without a Branch Visit?
If you already have an account with a bank and access to its app, you have a good chance of getting a loan online. Here are the banks that allow you to apply and receive funds without visiting a branch:
| Bank | Loan Name | Amount (AMD) | Effective Rate (%/year) | Term (months) | Conditions |
| Inecobank | 1 CLICK | 100,000 – 10,000,000 | 19 – 23.99 | 24 – 48 | Only for bank clients |
| Ameriabank | Online Consumer Loan | 100,000 – 10,000,000 | 20 – 23.09 | 3 – 60 | Rate increases for riskier profiles |
| IDBank | Rocket Line | 300,000 – 10,000,000 | 21.7 – 24 | 1 – 60 | For non-cash payments only, no cash withdrawal |
| Evocabank | Action Loan | 310,000 – 10,000,000 | 18 – 21.5 | 24 – 60 | Only for Armenian residents |
| VTB Bank | Online Loan | from 100,000 | 16.1 – 22.32 | 6 – 60 | Only for bank clients |
Important: To get a passport-based loan in these banks, you must be an existing client and have access to internet banking.
What Documents Are Needed for an Online Loan?
Applying for an online loan is much simpler than a traditional loan, but some documents may still be required. Typically, banks request:
- Passport or ID card
- Social security card
- Income statement (not always required)
If you already receive your salary through the bank, your chances of approval increase. In this case, the bank already has your financial details and may not require additional documents. For new customers, additional verification may be necessary, but if the bank offers a fully online process, all required documents can be uploaded digitally without visiting a branch.
Banks That Do Not Require Income Statements
| Bank | Loan Name | Amount (AMD) | Interest Rate (% per year) | Term (months) | Conditions |
| Unibank | Non-Cash Credit | 100,000 – 1,000,000 | 21.5 – 23.8 | 12 – 46 | Only for Armenian residents |
| ID Bank | Rocket Line | 300,000 – 10,000,000 | 21.7 – 24 | 1 – 60 | For non-cash payments only |
| Evocabank | Action Loan | 310,000 – 10,000,000 | 18 – 21.5 | 24 – 60 | Only for Armenian residents |
| AMIO Bank | AMIO Consumer Loan (Scoring-Based) | 100,000 – 3,000,000 | 19 – 21.94 | 36 – 60 | Only for Armenian residents |
| Ardshinbank | Unsecured Consumer Loan | 200,000 – 12,000,000 | 15.8 – 21.1 | 36 – 120 | Available without income proof |
Important: In some cases, banks may request a bank statement if you have regular transactions, but an official income statement is not required.
Conclusion
Do you have an account with the bank and access to its app? Great news—online loans are available at these banks without unnecessary hassle:
- Converse Bank
- Ameriabank
- IDBank
- Unibank
- VTB (Armenia)
- Inecobank
No bank account yet? Open one today and gain access to fully remote loan processing.
If you cannot provide an income statement, consider ID Bank, Evocabank, or Unibank, as they offer loans without this requirement.
Online loans provide a simple and convenient way to access funds quickly. Just check your bank’s conditions, and you might have money ready for deposit within minutes!
By law, banks cannot issue online loans to non-customers, as they are required to verify identities.
Want to learn more? Compare loan conditions and choose the best option on our website!
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