AMIO Bank review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

AMIO Bank suits borrowers in Armenia who need a mortgage rather than a long personal loan, and the price is the trade-off. The bank funds within 1 minute and charges an initial 13.4% on mortgages, but its consumer loans sit at 16%, above the site median 12%.

Key facts

Best for
A purchase or remortgage in Armenia, or a consumer loan that needs funding within 1 minute.
APR
16% (Source, checked September 26, 2026)
Loan amount
up to AMD 15,000,000 (Source, checked September 26, 2026)
Term
12 to 60 months (Source, checked September 26, 2026)
Funding time
within 1 minute (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Loan types
Personal, Secured, Credit-line, Debt-consolidation (Source, checked September 26, 2026)
Legal entity
"AMIO BANK" CJSC (Source, checked September 26, 2026)
Headquarters
Armenia (Source, checked September 26, 2026)
Founded
1991 (Source, checked September 26, 2026)
Support channels
Phone, Email (Source, checked September 26, 2026)
Features
Same-day funding
Official website
amiobank.am

Mortgages

Initial rate
13.4% (Source, checked September 26, 2026)
Fixed period
30 years (Source, checked September 26, 2026)
Product fee
AMD 0 (Source, checked September 26, 2026)
Purpose
Purchase, Remortgage (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Legal entity
"AMIO BANK" CJSC (Source, checked September 26, 2026)
Headquarters
Armenia (Source, checked September 26, 2026)
Founded
1991 (Source, checked September 26, 2026)
Support channels
Phone, Email (Source, checked September 26, 2026)

Apps and profiles

Get the app
App Store
Elsewhere
WikidataLinkedIn

Pros and cons

Pros

  • Consumer loans are funded within 1 minute, and the bank lists same day funding as a product feature.
  • A direct lender, so the agreement is with the bank itself: direct lender.
  • The mortgage product fee is AMD 0 and the fixed period runs 30.
  • Loan types cover personal, secured and credit line, so a secured or consolidation loan sits with the same lender.

Cons

  • A consumer loan rate of 16% sits above the site median 12% and ranks 225 out of 350 brands on rate.
  • The mortgage initial rate of 13.4% is well above the site median 4.35%.
  • Consumer loan terms stop at 12 to 60, so a large balance has a short window to clear.
AMIO Bank

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Scored 9.0 / 10 by BorrowCue.

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Who it suits

  • Armenian buyers and remortgagers, since the mortgage side covers purchase and remortgage.
  • Borrowers who want the lender itself rather than a broker: direct lender.
  • Anyone who needs money the same day, since funding runs within 1 minute.

Who should look elsewhere

  • Rate shoppers after the lowest headline cost: Cashspace ES lists 0% and Cashspace runs PHP 12 to PHP 36.
  • Borrowers who prefer a published rate span to a single figure: Monzo Flex runs 10% to 23%.

Safety and regulation

AMIO Bank is a direct lender, so the contract runs between the bank and the borrower rather than through a broker. It is supervised by the Central Bank of Armenia, and its banking licence number is 40. That licence is the main check on the safety of the money: the bank takes deposits and lends under that regulator's authority.

How AMIO Bank compares

Where AMIO Bank is available

Available
Armenia
Licence in Armenia
Central Bank of Armenia (40), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate do AMIO Bank consumer loans charge?+

Consumer loans are priced at 16%. That is above the site median 12% and leaves the brand ranked 225 out of 350 brands on rate, so the quoted rate is the figure to weigh against other lenders rather than any headline offer.

How much can I borrow, and for how long?+

Consumer borrowing reaches up to AMD 15,000,000 and terms run 12 to 60, across the personal, secured, credit line and consolidation products the bank offers. A larger balance over the shorter end of that term means heavier monthly payments, so the term matters as much as the amount.

How quickly is money paid out?+

Funding runs within 1 minute on consumer loans, and the bank lists same day funding as a feature of the product. That speed suits a repair bill or a gap between paydays, and it is one of the reasons the bank comes up in personal loan comparisons.

What does a mortgage from AMIO Bank cost?+

Mortgages open at an initial rate of 13.4% and run for a fixed period of 30. The product fee on the mortgage is AMD 0. The opening rate is high against the site median 4.35%, so the length of the fixed period drives the total cost.

Is AMIO Bank regulated?+

The bank holds a banking licence from the Central Bank of Armenia, with licence number 40. Supervision by that regulator is what covers the safety of deposits and the conduct of the lending, and it is the point to check before an application.

Is AMIO Bank a broker or the lender itself?+

The bank is the lender, not a marketplace: direct lender. The application, the terms and the contract all sit with the bank, and the legal entity behind the name is "AMIO BANK" CJSC, a company founded in 1991.

What kinds of loan are available?+

The consumer range covers personal, secured and credit line, so personal, secured, credit line and consolidation borrowing can all be arranged with one lender. The mortgage side adds purchase and remortgage lending on a fixed period, which is where the bank's rate card is weakest.

How do I get help with an application?+

Support runs on phone and email only, so questions go by phone or email. Both channels are listed for the consumer loan product, which suits a straightforward online application that starts with a call rather than a chat window.

Sources

  • amiobank.am/en/about checked September 26, 2026

    Backs: Founded, Legal entity, Licences

    “1991 Banking License N 40 was granted to the Bank by the Central bank of Armenia”

  • amiobank.am/en/loans/consumer-loans checked September 26, 2026

    Backs: Loan amount, APR, Features, Funding time, Headquarters, Lender type, Loan types, Support channels, Term

    “Online loan: Amount up to AMD 15 million”

  • amiobank.am/en/loans/mortgage-loans checked September 26, 2026

    Backs: Fixed period, Initial rate, Product fee, Purpose

    “Purchase from a Developer - Term up to 30 years”

Compiled from 3 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Arrangement fee, Credit check, Representative example.

AMIO Bank

AMIO Bank

A purchase or remortgage in Armenia, or a consumer loan that needs funding within 1 minute.

9.0/10See alternatives

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