Ardshinbank review

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

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Our verdict

Ardshinbank suits Armenian consumers who want a long personal loan repaid over a slow schedule, or a revolving credit line alongside it. Borrowing runs from AMD 150,000 to AMD 50,000,000 at an APR of 9.37% to 23.26%, and the account has been open since 2003.

Key facts

Best for
Armenian borrowers who want a large personal loan over a long term, with a credit line on the same relationship.
APR
9.37% to 23.26% (Source, checked September 26, 2026)
Loan amount
AMD 150,000 to AMD 50,000,000 (Source, checked September 26, 2026)
Term
36 to 120 months (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
Citizen of the Republic of Armenia, an individual; consumer loan customers need a monthly income and to submit the documents required by the bank (Source, checked September 26, 2026)
Loan types
Personal, Credit-line, Secured (Source, checked September 26, 2026)
Legal entity
"Ardshinbank" Open Joint-Stock Company (Ardshinbank OJSC) (Source, checked September 26, 2026)
Headquarters
Armenia (Source, checked September 26, 2026)
Founded
2003 (Source, checked September 26, 2026)
Support channels
Email, Phone (Source, checked September 26, 2026)
Features
Credit line
Official website
ardshinbank.am

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaLinkedInonelink.to

Pros and cons

Pros

  • Personal, credit line and secured lending from one direct lender, so a credit line can sit alongside a loan.
  • Borrowing runs AMD 150,000 to AMD 50,000,000 with terms of 36 to 120.
  • Free early repayment, so a loan settled ahead of schedule costs nothing extra.
  • Licensed by the Central Bank of the Republic of Armenia, and support runs on email and phone.

Cons

  • The credit check is hard, which puts an official search on your file at application.
  • APR reaches 9.37% to 23.26% at the top of the range, well above the site median of 12%.
  • Support runs on email and phone only.
Ardshinbank

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Scored 9.1 / 10 by BorrowCue.

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Who it suits

  • Armenian citizens with a monthly income who can supply the documents the bank asks for.
  • Borrowers who plan to keep a long repayment schedule rather than clear the balance quickly.
  • Anyone who wants a credit line held alongside a personal loan.

Who should look elsewhere

  • Anyone who wants a soft check, since the credit check is hard.
  • Borrowers with thin credit files who want the cheapest rate at the 0% end of the market.
  • Lenders outside Armenia, as lending is limited to citizens of the Republic of Armenia.

The company behind it

Ardshinbank is "Ardshinbank" Open Joint-Stock Company (Ardshinbank OJSC), headquartered in Armenia and founded in 2003. It lends direct rather than brokering, and its loans sit with the same bank that holds the account. The bank answers on email and phone, and it is supervised by the Central Bank of the Republic of Armenia under licence 83.

How Ardshinbank compares

Where Ardshinbank is available

Available
Armenia
Licence in Armenia
Central Bank of the Republic of Armenia (83), checked September 26, 2026

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

Frequently asked questions

What does Ardshinbank charge for a consumer loan?+

Consumer lending runs at an APR of 9.37% to 23.26%, which straddles the site median of 12%. The spread is wide, so the rate you are offered will depend on your credit file and the amount you ask for. Early repayment carries no charge.

How much can I borrow and over what period?+

Consumer loan balances run AMD 150,000 to AMD 50,000,000, with terms of 36 to 120. The same bank also offers a credit line and secured lending, so a borrower can hold a revolving limit next to a fixed loan. The longest schedule suits someone who wants to spread the cost.

Will applying affect my credit file?+

The credit check is hard, meaning an official search is recorded when you apply. It matches the pattern on 72.7% of lenders across the site. There is no soft prequalification here, so check your file before you apply.

Is my money safe with this bank?+

Ardshinbank is regulated by the Central Bank of the Republic of Armenia, holding licence 83. It is a direct lender based in Armenia, so your loan and your account sit with the same institution rather than a broker.

Who can apply for a loan?+

Lending is open to citizens of the Republic of Armenia, and consumer loan customers need a monthly income plus the documents the bank requires. Applications are handled in the Republic of Armenia only. A secured loan is also available where you can offer collateral.

Can I repay the loan early without a fee?+

Yes, early repayment is free, which sets this lender with the 81.2% of the market. On a term of 36 to 120 that flexibility is worth having if your income rises. Settling early cuts the total interest rather than adding a charge.

How do I get hold of the bank if something goes wrong?+

Support runs on email and phone, so you can email or telephone the bank. There is no chat or help centre listed, which is narrower than the 85% of lenders that offer phone support. Keep your loan reference handy when you call.

Sources

  • ardshinbank.am/for-you/consumer-loans checked September 26, 2026

    Backs: Loan amount, APR, Free early repayment, Term

    “Maximum amount 50 000 000 AMD; Minimum amount 150,000 AMD”

  • ardshinbank.am/for-you/loans-ardshinbank checked September 26, 2026

    Backs: Eligibility, Features, Lender type, Loan types

    “A citizen of the Republic of Armenia, an individual”

  • ardshinbank.am/Information/about-score-and-credit-history checked September 26, 2026

    Backs: Credit check, Support channels

    “The evaluation of credit worthiness in ARDSHINBANK OJSC involves the ACRA credit history, the FICO score mark and the Bank's internal screening mechanism.”

  • ardshinbank.am/Information/about-us checked September 26, 2026

    Backs: Founded, Headquarters, Legal entity, Licences

    “Ardshinbank was established on 25 February 2003, and received a banking license No. 83 on 27 February 2003.”

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Arrangement fee, Funding time, Representative example.

Ardshinbank

Ardshinbank

Armenian borrowers who want a large personal loan over a long term, with a credit line on the same relationship.

9.1/10See alternatives

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