Loans secured by pledge of gold


Gold-backed loans

Currency

Loan amount

Maturity

Loan to value ratio up to

Principle and interest repayment

Annual interest rate

AMD

Min. 70.000,    max.  1.500.000. 
Repeated lending with the same collateral – max. 2.000.000

70-100 day

 

100% of the appraised value;

Loan repayment by maturity and interest repayment at the point of loan disbursement for the whole loan period. 

10%

AMD

Min. 70.000,    max.  1.500.000. 
Repeated lending with the same collateral – max. 2.000.000

101 - 190 day

100% of the appraised value

Loan repayment by maturity and interest repayment at the point of loan disbursement for the whole loan period.

13%

AMD

Min.30.000,  max.69.999 

300–370 day

100% of the appraised value

Loan repayment by maturity and interest repayment monthly.  

15%

Min. 70.000, max.  1.500.000.       Repeated lending with the same collateral – max. 2.000.000 

191 - 370 day

AMD

Min. 70.000,    max.  1.500.000. 
Repeated lending with the same collateral – max. 2.000.000  

371 - 740 day

100% of the appraised value

Monthly annuity

16%

741 – 1100 day

100% of the appraised value

Monthly annuity

17%

 

Except for the branches specified in this Table with the following terms

Branches

Currency

Loan amount

Maturity

 

Loan to value ratio up to

Annual interest rate

Loan and interest repayment

Gyumri, Gyumri2, Shirak, Sevan, Abovyan, Vanadzor, Vanadzor2, Ejmiatsin, Arabkir, Davtashen, Nor-Nork, Sebastia, Byuzand, Spitak, Charencavan, Artashat, Martuni, Goris, Shengavit, Armavir, Ijevan, Ashtarak, Malatia

 

 

 

 

 

AMD

 

Min. 30.000,    max.  1.500.000.           Repeated lending with the same collateral – max. 2.000.000 

60-100 day

100% of the appraised value

13%

Loan repayment by maturity and interest repayment at the point of loan disbursement for the whole loan period. 

110% - provided that the Borrower has an existing loan (standard) at ARARATBANK within the past year and past-due days do not exceed 10 days  

 

 

 

 

 

 

18%

101-190 day

100% of the appraised value

15%

191-370 day

100% of the appraised value

17%

Loan repayment by maturity and interest repayment monthly.   

371-740 day

100% of the appraised value

17%

Monthly

annuity


Front end fee for the analysis of loan application, loan account processing and service fee shall be charged:

- AMD 1.500 for the loan amount of up to AMD 100.000,
- AMD 2.000 for the loan amount of AMD 100.001-200.000,
- AMD 4.000 for the loan amount of AMD 200.001-400.000,  
- AMD 7.000 for the loan amount of AMD 400.001-800.000,   
- AMD 10.000 for the loan amount of AMD 800.001-1.000.000,    
- AMD 15.000 for the loan amount of over AMD 1.000.001,    
* Interest rate (annual) of gold-backed loans with a maturity of up to 6 months in Charentsavan branch makes 20%, 

* Interest rate (annual) of gold-backed loans with a maturity of up to 6 months in Arabkir and Baghramyan branches makes 21% till 16.01.2017.  

Type of Loan Interest accrual Loan and interest repayment mode
Loans secured by pledge of gold Annual over the loan balance, on the basis of 365-day a year
Interests shall be paid on the day of loan disbursement, loan amount shall be repaid in full on the maturity date
 
Information
Loans are executed in the branches of ARARATBANK.
 
WARNING!!!
IF THE BORROWER FAILS TO DULY PERFORM UNDER THE LOAN AGREEMENT, ALL LIABILITIES ASSUMED BY THE BORROWER SHALL BE DISCHARGED OUT OF THE PROCEEDS OF REPOSSESSING AND SELLING THE COLLATERAL THAT WAS PLEDGED AS LOAN SECURITY.

List of required documents:

 

1. Passport

2. Social security card

3. Application


Please refer to https://www.fininfo.am/finhelper/index.php to get understanding of the system of financial assistance.

SMS service

terms and conditions

*SMS on card expiry

*SMS on loan or overdraft expiry date upon customer request

*SMS on the deduction date and amount of the line of credit or overdraft upon customer request

*SMS on annual service fee

*SMS on the monthly repayment of loan or overdraft upon customer request

 

 

 

    AMD 30.00

 




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