• Gold pledged as collateral is assessed on the basis of its market value
• The credit amount may be up to 100% of the assessed value of gold pledged as collateral
• Credit is issued within a maximum of one hour
• An opportunity to extend the duration of loan without visiting Bank

Gold pledge consumer credits are provided to individuals.

• Loan security – gold
• Currency - AMD
• Minimum duration - 3 months
• Maximum duration - 24 months
• Minimum amount of credit - 50,000 AMD
• Maximum amount is not defined
• Annual interest rate.
  • for 3 months' period - 12.9%
  • for 6 months' period - 15.9%
  • for 12-18 months' period - 17.9%
  • for 19-24 months' period - 18.9%
• Loan repayments – monthly equal installments, envisaging for each month repayments of loan interest amounts and partial loan amount or quarterly repayments of interest amounts, in which case the loan principal is repaid at the end of the loan term
• The loan may be provided maximum in the amount of 100% of the assessed value of the gold

Maximum assessment values of gold by purity:

• 583 gold: 13,400 AMD
• 750 gold: 17,200 AMD
• 916 gold: 21,000 AMD
• 958 gold: 22,000 AMD
• 999 gold: 23,000 AMD

• Visit a branch of ACBA-CREDIT AGRICOLE BANK
• Provide personal identification document and the item pledged as collateral

• The loan is provided non-cash with a feature of cash withdrawal free of charge,
• The factor for the positive decision on loan provision and for loan rejection is the customer’s loan history,
• The loan application is processed and the decision is communicated to the borrower on the day of the provision of all required documents. The loan is disbursed during the same banking day,
• Credits can be obtained at the branches of the Bank,
• In case of early repayment of the loans of up to 15,000,000 AMD, no fines shall be collected,
• In case of early repayment of the loans with the term of more than three months, exceeding 15,000,000 AMD, within the first three months, the interest amount of three months shall be collected. In case of repayment of the loans with the term of less than three months, earlier than the agreement term, the interest amount, specified by the agreement for the whole duration of the loan, shall be collected.

Credit calculation example

• Amount: 400 000 AMD
• APR: 17.9%,
• Maturity: 12 months,
• Commission fee: 1.4%
• Effective annual rate of interest will be 22.69% in case of monthly repayment and 20.94% for quarterly repayments.
• Daily rates will be loan amount (balance) × loan rate ÷ 365 = (400,000×17.9%÷365) = 196 AMD.

• Interest is calculated based on nominal interest rates. The effective annual rate of interest indicates the true cost of the credit for you, subject to timely payment of interest and all applicable fees.
• The nominal interest rate is not subject to change by the Bank during the term of the credit agreement.

Penalties applicable in case of delinquencies against obligations of borrowers

Appropriation of collateral

PROPERTY PLEDGED AS COLLATERAL MAY BE SEIZED / APPROPRIATED IN CASE OF FAILURE BY THE BORROWER TO MAKE TIMELY REPAYMENTS OF LOAN AND INTEREST. WHERE COLLATERAL IS INSUFFICIENT TO MEET ALL RELEVANT OBLIGATIONS, RECOURSE MAY BE MADE TO OTHER PROPERTY OWNED BY THE BORROWER.

Information provided to the credit registry

IN CASE OF FAILURE BY THE BORROWER TO PAY INTEREST ON THE LOAN AND PRINCIPAL THEREOF IN ACCORDANCE WITH THE REPAYMENT SCHEDULE, INFORMATION ABOUT THE BORROWER WILL BE SUBMITTED TO THE CREDIT REGISTRY.

“BAD” CREDIT HISTORY MAY IMPAIR YOUR ABILITY TO OBTAIN LOANS / CREDITS IN THE FUTURE.

Financial assistant