AFM Analyzes Online Loans in Armenia: Average APR at 21.37% in February 2026

The AFM team analyzed online loan conditions across all banks in Armenia as of February 20, 2026. According to AFM experts’ calculations, the average annual percentage rate (APR) on the market stands at 21.37%.

The minimum APR is 16.08%, while the maximum reaches 24%.

Lowest Rate

The lowest effective interest rate on the market is offered by AMIO Bank, starting from 16.08%.

Competitive ranges are also available at:

1. Inecobank – from 17.26%
2. Converse Bank – from 16.7%

Highest Rate

The highest APR on the market reaches 24%, offered under the Rocket Line product by IDBank.

Rates close to the upper limit are also observed at:

1. Converse Bank – up to 24%
2. VTB Bank (Armenia) – up to 23.9%

Highest Loan Limit

Among online loans, the highest maximum limit is offered by Ameriabank – up to AMD 20,000,000.

A limit of up to AMD 15,000,000 is available at:

1. AMIO Bank
2. Inecobank

Loan Terms

Most banks offer online loans with terms of up to 5 years.

Exceptions include certain programs with terms of up to 3 years, offered by:

1. Converse Bank
2. Armeconombank

What the AFM Analysis Shows

The difference between effective rates in the online loan market reaches nearly 8 percentage points. For the same loan amount, this can significantly affect the total overpayment.

Therefore, when choosing an online loan, it is important to compare:

1. the effective interest rate,
2. the maximum loan limit,
3. the loan term,
4. approval conditions.

Up-to-date data on online loans and other banking products are updated daily on the AFM platform.