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Gold pledge consumer credits are provided to individuals.
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One-time commission:
charging option |
Monthly fee: |
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Currency |
AMD | |||
Duration
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Minimum 3 month Maximum 24 month |
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Amount
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Minimum 50.000 AMD The maximum amount is not set |
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Repayment frequency |
Equal monthly * Quarterly ** |
Equal monthly * | Quarterly ** | |
Annual interest rate |
Ժամկետ |
Տոկոսադրույք |
9.9%
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12.9%
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3 month | 12,9% | |||
6 month | 15.9% | |||
12-18 month | 17.9% | |||
19-24 month | 18.9% | |||
Actual annual interest rate |
20.12-23.77% |
20.54-22.55% |
20.28% | |
Service fee |
1,4% one off (to the contractual amount) |
0,5% monthly (to the contractual amount) |
Maximum assessment values of gold by purity:
Credit calculation example
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