Consumer loans secured by gold

Individuals aged 18-70, citizens of the Republic of Armenia

1-36 month

with maturity period

until 3,000,000

in AMD
Consumer loans secured by gold

Purpose of the loan

Consumer credit

Borrower

Individuals aged 18-70, citizens of the Republic of Armenia

Currency

Armenian Dram (AMD)

Minimum loan amount

50,000

Maximum loan amount

3,000,000

Loan term

1 - 36 months.

Nominal interest rate

1 - 12 months: 18 %12 - 36 months: 17 %

Actual interest rate

1 - 12 months: 19,62 - 19,86 %12 - 36 months: 18,41 - 18,45 %

Loan and interest repayments

1 - 12 months: interest is paid every month, and the principal is paid at the end of the term or every month12 - 36 months: annuity: equal monthly repayments of the total loan principal and interest

Maximum loan/collateral (liquidation value) ratio

90 - 100 %

One-time loan disbursement commission (charged from the loan amount at the time of loan disbursement)

0 - 2 %, which cannot exceed 20,000 AMD

Early repayment of the loan

No penalties apply

Requirements for the borrower's credit history

Absence of overdue/classified liabilities as of the date of loan disbursement

Penalty

-In case of non-payment of the principal amount of the loan, in the amount of 0.1 % for each day of delay-In case of non-payment of the interest amount of the loan, in the amount of 0.03 %In addition, the annual interest rate continues to be calculated on the overdue loan amount until the overdue loan amount is repaid

Place of application submission

At the organization's business addresses

Maximum decision-making period

Loan application submission date

Deadline for informing the client about the decision

Loan application submission date

Subject of pledge

The collateral may be gold jewelry, gold scrap, standardized gold bars, and white gold, with the loan-to-collateral ratio for collateral with any percentage of white gold being a maximum of 90 %

Attention

Dear customer, we inform you that this type of loan has a high actual interest rate, so please consider in advance other similar services available on the market and evaluate your ability to repay the loan.