Extending loans secured by pledge of gold to producers of agricultural products – plant and livestock farmers


Gold-backed agricultural loans

Currency

Loan amount

Maturity

LTV ratio

Principle and interest repayment

Collateral

Interest rate (annual)

USD

Equivalent to min. AMD 100.000 and max. AMD 2.000.000

Up to 3 months

Up to 100% of the appraised value

Loan repayment by maturity, charge of interests at the point of loan disbursement for the whole period

 

Gold items

9%

 

3-6 months

Up to 95% of the appraised value

Loan repayment by maturity,  monthly   interest charges

9%

 

6-12 months

Up to 100% of the appraised value

Monthly, even

9%

 


Notification

Loan file processing fee, credit account processing and service fees shall be charged once for the disbursement of gold-backed agricultural loans:    

-  AMD 2.500 in case the loan amount makes up to USD 500, 

- AMD 3.500 in case the loan amount make between USD 501 and USD 1.500 ԱՄՆ, 

- AMD 4.500 in case the loan amount makes between USD 1.501 and USD 3.000 ԱՄՆ,

- AMD 6.000 in case the loan amount makes between USD 3.001 and USD 5.000, 

- AMD 8.000 in case the loan amount makes over USD 5.001.

- Agricultural loans shall be disbursed in Stepanakert, Artsakh, Abovyan, Gyumri, Gymri 2, Tsaghkadzor, Dilijan, Artashat, Ejmiatsin, Vanadzor, Vanadzor 2, Armavir, Sevan, Goris, Masis, Shirak, Spitak, Martuni, Hrazdan, Ashtarak, Ijevan and Charentsavan branches. 

- Foreign exchange rate fluctuations may affect the repayment of USD loans.  

 
 ARARATBANK OJSC has set the following rates per gram of gold by gold karats

Gold karat

Value per gram of gold (AMD)

585

11.400

750

14.600

875

17.000

916

17.600

958

18.700

999

19.500

 
Notification
 
Type of Loan Interest accrual Loan and interest repayment mode
Gold-backed loans 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 Stepanakert, Abovyan, Gyumri, Tsaghkadzor, Dilijan, Artashat, Echmiatsin, Vanadzor, Armavir and Sevan 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

 

SMS service

terms and conditions

* card expiry

* loan or overdraft maturity upon customer request

* (line of credit) overdraft repayment date and amount drawn from the account  upon customer request   

* annual service fee

* loan or overdraft monthly repayment  upon customer request

 

 

 

    AMD 30.00

 




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