AFM Launches Smart Financial Product Calculators

AFM has introduced a new suite of calculators tailored to the actual conditions of Armenian banks. These tools allow users to pre-calculate loan and deposit parameters and make more informed financial decisions even before contacting a bank.

Previously, users often discovered the final payment schedule only at the contract signing stage, and the actual yield on deposits ex post facto through bank mobile apps. This made comparing offers difficult and increased the risk of overpayment.

The new AFM calculators solve this problem by:

1. taking into account the real conditions of Armenian banks, including rates and commissions;
2. showing the monthly payment and the total overpayment;
3. generating a detailed payment schedule for the entire term;
4. selecting relevant offers based on user parameters.

The tools are designed for practical application: users can instantly understand how the financial burden changes with different terms, amounts, or rates, and choose the most advantageous option.

Using such calculators not only saves time on analyzing offers but also helps avoid the common mistake of focusing only on the nominal rate without considering the full cost of the product.