Araratbank review

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

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Our verdict

Araratbank is a direct lender in Armenia lending to adults who want fixed rates, no opening charge and the option of repaying early. It suits borrowers inside the Armenian market rather than anyone shopping across borders, since 14.5% sits above the cheapest fixed deals here.

Key facts

Best for
Borrowers in Armenia who want a fixed rate, no arrangement fee and free early repayment.
APR
14.5% (Source, checked September 26, 2026)
Loan amount
AMD 100,000,000 (Source, checked September 26, 2026)
Term
180 months (Source, checked September 26, 2026)
Arrangement fee
0 - no commission or service fee charged for AraratFix (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Loan disbursed within 15 business days of submitting all required documents (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Origination fee (%)
0% (Source, checked September 26, 2026)
Loan types
Personal, Secured, Car, Student (Source, checked September 26, 2026)
Legal entity
ARARATBANK Open Joint-Stock Company (Source, checked September 26, 2026)
Headquarters
Armenia (Source, checked September 26, 2026)
Founded
1991 (Source, checked September 26, 2026)
Support channels
Phone, Email, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Credit line
Official website
araratbank.am

Mortgages

Initial rate
12.25% (Source, checked September 26, 2026)
APRC
12.4% to 13.53% (Source, checked September 26, 2026)
Fixed period
3 years (Source, checked September 26, 2026)
Maximum loan to value
80% (Source, checked September 26, 2026)
Purpose
Purchase, Remortgage (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Legal entity
ARARATBANK Open Joint-Stock Company (Source, checked September 26, 2026)
Headquarters
Armenia (Source, checked September 26, 2026)
Founded
1991 (Source, checked September 26, 2026)
Support channels
Phone, Email, Help-centre (Source, checked September 26, 2026)

Apps and profiles

Get the app
Google Play
Elsewhere
WikidataLinkedInXlinkedin.com

Pros and cons

Pros

  • Fixed rate at 14.5% with 180 to repay
  • 0 - no commission or service fee charged for AraratFix on the AraratFix loan
  • Free early repayment, so overpayments cost nothing
  • credit line available as well as fixed-term lending

Cons

  • 14.5% is above the site median of 12%
  • hard means a full credit search
  • The loan is disbursed once all required documents are in, after a waiting period
Araratbank

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Scored 9.3 / 10 by BorrowCue.

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Who it suits

  • Adults in Armenia borrowing for a purchase or a remortgage
  • Anyone who plans to clear the balance early and save interest
  • Borrowers who want a fixed rate and no opening commission

Who should look elsewhere

  • Borrowers outside Armenia, since the bank lends in a single market
  • Anyone wanting money the same day
  • Readers after the lowest cost in the market, where PHP 12 to PHP 36 and 10% to 23% sit lower

Safety and regulation

Araratbank lends as a direct lender, not through a broker or marketplace, and it is regulated by the Central Bank of Armenia in Armenia. The bank's legal entity is ARARATBANK Open Joint-Stock Company, founded in 1991, with a head office in Armenia. It holds Central Bank of Armenia licence N4. Support runs on phone, email and help centre. The listed details stop there: no deposit protection scheme is stated for balances held with the bank.

How Araratbank compares

Where Araratbank is available

Available
Armenia
Licence in Armenia
Central Bank of Armenia (CBA) (N4), checked September 26, 2026

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

Frequently asked questions

What rate does Araratbank charge on a personal loan?+

The rate is fixed at 14.5%, and the term runs 180. It is a fixed rate, so the cost of borrowing does not move with market rates during the loan. For comparison, alternatives in this market sit at PHP 12 to PHP 36 and 10% to 23%.

Is there an arrangement or setup fee?+

No. 0 - no commission or service fee charged for AraratFix, and the percentage fee on the AraratFix loan is also 0%. That keeps the cost of taking the loan to the interest and any repayment charge, which matters most if the loan is cleared early.

Can I repay the loan early without a charge?+

Yes, early repayment is free on these loans, so money paid ahead of schedule saves interest rather than adding a fee. That suits borrowers with irregular income who expect to clear the balance when they can, though the rate is fixed at 14.5% throughout.

How much can I borrow and for how long?+

Borrowing runs to AMD 100,000,000, and the term is set at 180. The bank offers personal, secured, car and student lending, plus a credit line, so a revolving facility is possible alongside fixed term loans.

How quickly is the money paid out?+

Disbursement happens within a waiting period after all required documents are submitted, so it is not same day funding. Gather the paperwork before applying, since the clock on that period starts only once everything is in place.

Who regulates Araratbank?+

It is supervised by the Central Bank of Armenia and operates as a direct lender from Armenia, so AM is where it is based. The bank's licence is listed as N4, and the legal entity is ARARATBANK Open Joint-Stock Company.

What is the credit check like?+

The check is hard, which is the strictest kind and can affect an existing score if an application is declined. The bank also lends against collateral through its secured loans, so a bad history is not the only route in.

Does Araratbank offer mortgages as well as loans?+

Yes. Fixed rate mortgages start at 12.25%, with an annual rate of 12.4% to 13.53% and a fixed period of 3, lending up to 80%. The stated purposes are purchase and remortgage, so existing borrowers can look at switching.

Sources

  • araratbank.am/en checked September 26, 2026

    Backs: Features

    “- Overdrafts/Credit lines ... Credit Line for Current Borrowers New”

  • araratbank.am/en/bank-details checked September 26, 2026

    Backs: Founded, Headquarters, Legal entity, Support channels, Licences

    “Registration certificate N 4, registration date 20.09.1991”

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

    Backs: Loan amount, APR, Loan types, Arrangement fee, Origination fee (%)

    “AraratFix Starting from 14.5%, up to 100,000,000 AMD, without commissions and service fees”

  • araratbank.am/en/consumer-loans/267 checked September 26, 2026

    Backs: Credit check, Free early repayment, Funding time, Lender type, Pricing model, Rate type, Term

    “the number of days overdue within the last 24 months exceeds 45 days, of which 30 days are overdue within the last 12 months, and the current liability risk class is other than standard”

  • araratbank.am/hy/hipoteqayin-varker/281 checked September 26, 2026

    Backs: Purpose

    “ARARAT PARK residential complex mortgage: loan purpose - purchase of a home; site menu also lists mortgage refinancing at Araratbank”

  • araratbank.am/hy/hipoteqayin-varker/36 checked September 26, 2026

    Backs: APRC, Fixed period, Initial rate, Maximum loan to value

    “Annual effective interest rate 12.40-13.53% (mortgage refinancing at Araratbank)”

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Representative example.

Araratbank

Araratbank

Borrowers in Armenia who want a fixed rate, no arrangement fee and free early repayment.

9.3/10See alternatives

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