Evocabank review
Updated October 12, 2026 · SumCue Editorial Team
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Our verdict
Evocabank is a direct lender covering personal, secured, car, credit line, student, business and guarantor borrowing for purchases. For households planning home improvement projects, its broad range gives structured paths to align with project needs, repayment preferences and long term household plans.
Key facts
Loans
- Loan amount
- AMD 1,000,000 to AMD 10,000,000↗
- Term
- 36 to 60 months↗
- Arrangement fee
- 0↗
- Credit check
- Hard↗
- Funding time
- within maximum 2 working days of signing the loan agreements↗
- Rate type
- Fixed↗
- Lender type
- Direct lender↗
- Free early repayment
- Yes↗
- Eligibility
- RA resident individuals aged 18-65↗
- Loan types
- Personal, Secured, Car, Credit-line, Student, Business, Guarantor, BNPL↗
- Use cases
- Home-improvement↗
Savings
Mortgages
- Initial rate
- 13.2%↗
- APRC
- 9.7% to 18.4%↗
- Fixed period
- 5 to 15 years↗
- Maximum loan to value
- 90%↗
- Purpose
- Purchase↗
Facts checked September 26, 2026, 9 sources
Apps and profiles
Pros
Pros
- Covers personal, car, student, business and guarantor borrowing for purchases
- Includes secured borrowing and credit lines within one direct lending range
- Supports home improvement projects through several structured borrowing paths
Who it suits
- Residents planning purchases around the home
- Students, drivers and small firms seeking structured borrowing
How Evocabank compares
Where Evocabank is available
- Available
- Armenia
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
Who can apply to Evocabank?+
Evocabank serves resident individuals who meet its age and residency criteria. Applications go through a credit check before a decision is reached. Borrowing is arranged directly with the lender rather than through an intermediary.
What types of borrowing does Evocabank cover?+
Evocabank covers personal, secured, car, student, business and guarantor borrowing alongside credit lines. The range supports purchases including home improvement projects. Each structure provides a defined path for funding planned household and personal goals.
Which purposes suit Evocabank borrowing?+
Evocabank borrowing supports purchases across personal and household needs. Home improvement projects form a central use within the range. Car, student, business and other needs also sit within the same direct lending approach.
Which company operates Evocabank?+
Evocabank is operated by Evocabank CJSC. (Source, checked September 26, 2026)
Where is Evocabank based?+
Evocabank is based in Armenia. (Source, checked September 26, 2026)
When was Evocabank founded?+
Evocabank was founded in 1990. (Source, checked September 26, 2026)
How can I contact Evocabank support?+
Evocabank offers support through Phone, Chat, Help-centre. (Source, checked September 26, 2026)
Sources
- en.wikipedia.org/wiki/Evocabank checked September 26, 2026
Backs: Founded
“founded in 1990”
- play.google.com/store/apps/developer checked September 26, 2026
Backs: Legal entity
“Android Apps by Evocabank CJSC”
- evoca.am checked September 26, 2026
Backs: Headquarters, Support channels
“Yerevan, 0010, Republic Avenue 44/2, Armenia”
- evoca.am/en/deposits-tariffs checked September 26, 2026
Backs: Headline rate
“Term-end interest payments AMD 4.50% ... 10.50% (CLASSIC TRADITIONAL ANNUAL PERCENTAGE YIELD)”
- evoca.am/en/deposits/classical-deposit checked September 26, 2026
Backs: Access terms, Account kind, Minimum deposit
“The accrued interest can be received by the end of the term as well as at your preferred frequency.”
- evoca.am/en/loans checked September 26, 2026
Backs: Loan types, Use cases
“Unsecured consumer loan, Property-Secured Loan, Car Loans, Student Loans, Point of Sale Loans, Credit Line with Visa Infinite Card, with or without a surety bond of one or two sureties”
- evoca.am/en/loans-to-individuals/consumer-loans-tariffs/u... checked September 26, 2026
Backs: Loan amount, APR, Credit check, Credit needed, Eligibility, Free early repayment, Funding time, Pricing model, Arrangement fee, Rate type, Term
“Loan amount: without proof of income 1,000,000 - 3,000,000; based on income 1,000,000 - 10,000,000”
- evoca.am/en/loans-to-individuals/mortgage-loans-tariffs/h... checked September 26, 2026
Backs: APRC, Fixed period, Initial rate, Maximum loan to value, Purpose
“Actual (floating) interest rate per annum 9.7 - 18.4 % (fixed option: Actual (fixed) interest rate per annum 15.2 - 18.7 %)”
- evoca.am/en/loans/unsecured-consumer-loans/unsecured-cons... checked September 26, 2026
Backs: Lender type
“Evocabank offers collateral-free personal loan up to AMD 10,000,000 - a simple, fast and convenient solution”
Compiled from 9 source pages, checked October 13, 2026. We did not open an account.
Not confirmed yet: Annual fee, Currency conversion fee, Rewards type.