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

70-100 day

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

8%

 

101-190 day

Up to 95% of the appraised value

Loan repayment by maturity,  monthly   interest charges

8.5%

 

191-740 day

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 2.000 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

10.900

750

14.100

875

16.500

916

17.000

958

18.100

999

18.800

 
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

*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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