IDBank review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
IDBank is an Armenian bank whose strengths sit on opposite sides of the ledger: a fixed term deposit paying 9.05%, paired with personal loans priced at 21.82% to 23.99%. It suits readers banking in Armenia who want a fixed saving term and quick loan decisions, and it asks little of them day to day.
Key facts
Loans
- APR
- 21.82% to 23.99%↗
- Loan amount
- AMD 100,000 to AMD 10,000,000↗
- Term
- 3 to 15 months↗
- Arrangement fee
- 0 AMD (no loan application fee, no one-off origination or issuance fee)↗
- Credit check
- Hard↗
- Funding time
- Instant to current account; decision within 5 minutes online↗
- Rate type
- Fixed↗
- Lender type
- Direct lender↗
- Free early repayment
- Yes↗
- Eligibility
- Armenia citizen, age 21 to 65 at loan maturity↗
- Origination fee (%)
- 0%↗
- Loan types
- Personal, Credit-line↗
- Credit needed
- Good↗
- Pricing model
- No monthly fee, Fixed rate
Credit cards
Savings
Pros and cons
Pros
- The term deposit pays 9.05% on a fixed rate, against a site median of 3%.
- The everyday account carries a monthly fee of AMD 0 and the debit card runs on a local network.
- Decisions are quick: Instant to current account; decision within 5 minutes online.
- Early repayment is free, and there is no loan application fee, origination fee or issuance fee on the personal loan.
Cons
- Borrowing is the weak point, with an APR of 21.82% to 23.99% against a site median of 15.5%.
- Support runs on phone only, with no email or chat route listed.
- The credit card charges an annual fee of AMD 2,500 for cashback of up to 2% cashback.
Who it suits
- Savers in Armenia who want a fixed term and interest paid monthly or at maturity.
- Borrowers who want a loan of AMD 100,000 to AMD 10,000,000 with a decision and payout straight to a current account.
- Homebuyers funding a purchase, with initial rates of 4.99% to 13.25% and a 90% loan to value.
Who should look elsewhere
- Borrowers who are not Armenian citizens, since lending eligibility is limited to Armenian citizens who are adults.
- Readers who want help in writing, as support runs on phone only.
- Anyone after a fee-free credit card, as the annual fee is AMD 2,500.
Rates and terms
The fixed term deposit pays a headline rate of 9.05% on terms of 3 to 15, with a fixed rate type. Personal lending sits far higher, at 21.82% to 23.99%, so the saving side and the borrowing side of the same bank pull in opposite directions for a reader weighing the cost of money.
Who runs it
IDBank trades as ID Bank" CJSC and is headquartered in Armenia, having been founded in 1990. Support runs on phone only, so getting answers depends on picking up the phone rather than email or chat, and a reader comparing banks should factor that single channel into the choice.
How IDBank compares
8.9 vs 9.4
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Frequently asked questions
What rate does the IDBank term deposit pay?+
The fixed term deposit pays a headline rate of 9.05%, with a fixed rate type across terms of 3 to 15. Interest can be paid monthly or at maturity, and the deposit can be opened online or at a branch. The minimum deposit is AMD 10,000 to AMD 100,000.
Can I top up the deposit or take money out early?+
The deposit carries the right to replenish, so you can add to it as savings build. It runs as a fixed account, and early termination is available at branches only, which suits readers who want their money reachable rather than locked for the full term of 3 to 15.
What does a personal loan from IDBank cost?+
The Rocket Loan carries an APR of 21.82% to 23.99% for borrowing of AMD 100,000 to AMD 10,000,000, with no loan application fee, origination fee or issuance fee added on top. The credit check is hard and the credit profile expected is good.
How fast does IDBank decide and pay out?+
Funding is Instant to current account; decision within 5 minutes online. Loans are made directly by the bank rather than placed with other lenders, and lending is limited to Armenian citizens who are adults, so the decision and the payout both stay inside a single market.
Can I repay a personal loan early?+
Yes. Early repayment is free on the personal loan, with no charge for clearing the balance ahead of schedule, which matters when the loan APR of 21.82% to 23.99% sits well above the 9.05% paid on the term deposit.
What does the IDBank credit card cost and pay back?+
The card is a credit card, listed at an annual fee of AMD 2,500. Rewards are cashback of up to 2% cashback on spending, and the debit card runs on a local network, which points to everyday spending in the home market rather than travel.
What does an IDBank mortgage cost?+
For home purchase, initial rates run at 4.99% to 13.25% with an APRC of 5.1% to 24%. Fixed pricing is available for 20, the maximum loan to value is 90%, and the package carries a product fee of AMD 50,000.
Who runs IDBank and how do you contact them?+
The bank operates as ID Bank" CJSC from AM, and was founded in 1990. Support runs on phone only, so questions are answered by phone rather than by email or online chat, which is worth weighing if you prefer written replies.
Sources
- idbank.am/en/cards/credit checked September 26, 2026
Backs: Annual fee, Card kind, Cashback rate, Features, Rewards rate, Rewards type
“Arca Classic Credit - Annual Service Fee 2,500 AMD”
- idbank.am/credits/loans-without-collateral/rocket-loan checked September 26, 2026
Backs: Loan amount, APR, Credit check, Credit needed, Eligibility, Free early repayment, Funding time, Lender type, Loan types, Arrangement fee, Origination fee (%)
“Loan minimum amount 100,000 AMD; maximum 10,000,000 AMD”
- idbank.am/en/cards checked September 26, 2026
Backs: Card type, Card network
“Debit Arca Classic”
- idbank.am/en/credits/mortgage/for-the-purchase-own-resources checked September 26, 2026
Backs: Maximum loan to value
“For the purchase. Own resources: Maximum loan/collateral ratio 90% (IDhome package: the mortgage loan is provided with the Bank's own resources)”
- idbank.am/en/credits/mortgage/idhome-package checked September 26, 2026
Backs: APRC, Fixed period, Initial rate, Product fee, Purpose
“Package IDhome MORTGAGE LOANS: Effective interest rate 5.1%-24%”
- idbank.am/en/deposits/deposit_safe/replenish checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Rate type, Term
“You are given the opportunity to receive interest at your discretion - monthly, or at the end of the term ... Early termination of the deposit agreement is available only at the Bank's branches.”
- idbank.am/en/information/about checked September 26, 2026
Backs: Support channels
“(+374 10) 59 33 11”
- idbank.am/en/information/about/contentfooter/history checked September 26, 2026
Backs: Founded, Headquarters, Legal entity
“ID Bank" CJSC was founded on August 1, 1990, by enterprises in the light industry sector as a joint-stock commercial bank”
- idbank.am/en/others/other/rates checked September 26, 2026
Backs: Pricing model, Monthly fee
“Annual/monthly account service fee (including saving accounts): For RA resident physical entities - free of charge”
Compiled from 9 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Currency conversion fee, Free ATM withdrawals, Protection.
Related by the facts
IDBank
A fixed term deposit plus quick personal loans for customers banking in Armenia.