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Gold Standard
The loan is available in Armenian drams
Starting from only 16%
The loan is approved on the day of application
Package IDgold
Visa Gold debit card - discount of 50%
Rocket Line - Provided to the borrower in the amount of up to 10% of the loan
Insurance - Free insurance for accidents
Special offer
IDgold
Use the IDgold package of services for borrowers of gold-secured loans. The package includes favorable terms for the loan, Premium class debit card with 50% discount, Rocket Line digital limit and a bank account with preferential terms.
Loan type
“Gold Standard”
Purpose
other
Currency
AMD
Minimum amount
AMD 30,000
Maximum amount
AMD 30,000,000
Method of loan disbursement
non-cash transfer via current account
Term
3 - 6 months
Annual nominal interest rate
16%
Annual effective interest rate
17.79% - 18.31%
Fees
NE
Maximum loan/collateral ratio
up to 100%
Term
4 - 6 months
Annual nominal interest rate
19%
Annual effective interest rate
20.87% - 20.93%
Fees
NE
Maximum loan/collateral ratio
up to 100%
Term
12-60 months
Annual nominal interest rate
16․7% - 18․7%
Annual effective interest rate
18.12% -20.62%
Fees
NE
Maximum loan/collateral ratio
up to 100%
Grace period of loan repayment2
AMD - During the first 6 months of loan repayment, payments are made only on part of the loan interest
2
In case of using the grace period of loan repayment, the nominal annual interest rate of the loan is set at the current interest rate +1%.
Requirements for the borrower
In case of 95% loan/collateral ratio
1) physical entity whose age shall not be less than 18 years as of the day loan provision and not exceed 70 years as of the loan repayment day,
2)the borrower must not have overdue loan obligations as of the moments of loan provision
3)- the borrower must not have loans classified as stricter than “controlled” for the 6 months preceding the loan provision
In case of 100% loan/collateral ratio
1) physical entity whose age shall not be less than 18 years as of the day loan provision and not exceed 70 years as of the loan repayment day
2) the borrower must not have overdue loan obligations as of the moments of loan provision
3) the borrower must not have loans classified as stricter than “controlled” for the 12 months preceding the loan provision
4) the sum of overdue days of principal loan amount and/or interest amount repayments in terms of borrower’s previously received loans (credit line, overdraft, etc.) must not exceed 60 days for the 12 months preceding the loan provision
5) the borrower must have a credit history of at least 6 months. This point does not apply if the total sum of the balances of the provided loan and the loans secured by the gold collateral held by the client does not exceed AMD 500,000 (including).
1) physical entity whose age shall not be less than 18 years as of the day loan provision and not exceed 70 years as of the loan repayment day,
2)the borrower must not have overdue loan obligations as of the moments of loan provision
3)- the borrower must not have loans classified as stricter than “controlled” for the 6 months preceding the loan provision
In case of 100% loan/collateral ratio
1) physical entity whose age shall not be less than 18 years as of the day loan provision and not exceed 70 years as of the loan repayment day
2) the borrower must not have overdue loan obligations as of the moments of loan provision
3) the borrower must not have loans classified as stricter than “controlled” for the 12 months preceding the loan provision
4) the sum of overdue days of principal loan amount and/or interest amount repayments in terms of borrower’s previously received loans (credit line, overdraft, etc.) must not exceed 60 days for the 12 months preceding the loan provision
5) the borrower must have a credit history of at least 6 months. This point does not apply if the total sum of the balances of the provided loan and the loans secured by the gold collateral held by the client does not exceed AMD 500,000 (including).
Bank account opening/closure fee
In accordance with the tariffs in force in the Bank available at the following link: Information bulletin on bank accounts
Commission for encashment of loan amount
NE
Daily penalty in terms of overdue loan
0.10%
Daily penalty in terms of overdue interest
0.10%
Early loan repayment penalty
not defined
Requirements for the subject of pledge
1) standardized gold bullions, gold jewelry, gold scrap can be considered as subject of pledge
2) white gold, jewelry items consisting of white gold for more than 30 percent or more, or jewelry items that cannot be evaluated without the weight of white gold cannot be subject of pledge
3) no lending is provided against artistic value of gold items, precious and semi-precious stones attached to gold items
2) white gold, jewelry items consisting of white gold for more than 30 percent or more, or jewelry items that cannot be evaluated without the weight of white gold cannot be subject of pledge
3) no lending is provided against artistic value of gold items, precious and semi-precious stones attached to gold items
Required documents
1) identity document (original)
2) social card /public services number/ ID card or number of statement on absence of public services number (if any) (original)
3) in case of physical entities engaged in gold trade and/or production the physical entity shall submit the rental agreement of the place of activity as a proof of activity (notarization is not required)
4) email address of the client
2) social card /public services number/ ID card or number of statement on absence of public services number (if any) (original)
3) in case of physical entities engaged in gold trade and/or production the physical entity shall submit the rental agreement of the place of activity as a proof of activity (notarization is not required)
4) email address of the client
Positive factors for loan provision
Compliance with the Bank’s lending conditions
Loan rejection factors
1) presence of overdue loan obligations at the moment of loan provision
2) failure to submit required documents
3) doubts over the entity or identity document of the latter
4) doubts about the gold fineness during the authentication of the subject of pledge, submission of false or unreliable information or false documents
5) availability of such information about the client which questions the information submitted/declared by the client to the Bank
6) availability of such information about the client which questions the return of the loan
7) absence of the email address of the client
2) failure to submit required documents
3) doubts over the entity or identity document of the latter
4) doubts about the gold fineness during the authentication of the subject of pledge, submission of false or unreliable information or false documents
5) availability of such information about the client which questions the information submitted/declared by the client to the Bank
6) availability of such information about the client which questions the return of the loan
7) absence of the email address of the client
Maximum decision-making term
loan application submission day
Term of notifying the client of the decision
loan application submission day
Loan provision term
loan application submission day
Place of loan application acceptance
all branches of the Bank, except for “Vardanants” and “Centre” branches
Place of loan processing and provision
all branches of the Bank, except for “Vardanants” and “Centre” branches
Date
18.11.2024
Assay
The price of 1 gr. of gold (AMD)
375
11,900
500
15,900
560
17,800
585
18,600
750
23,800
875
27,800
900
28,600
958
30,400
999
31,800
Date
18.11.2024
Assay
The price of 1 gr. of gold (AMD)
375
12,400
500
16,500
560
18,500
585
19,300
750
24,800
875
28,900
900
29,700
958
31,600
999
33,000
Information regarding credit history and credit score
You can learn about the importance of credit history and credit score here․
Details via abcfinance.am and acra.am links.
Details via abcfinance.am and acra.am links.
Information bulletin of "Gold Standard" loans Answer․ The actual interest rate includes the actual costs incurred by the customer for servicing the loan. The loan schedule reflects the interest payable, the principal amount and service fee, if any.
Answer․ any individual with a citizenship, whose age at the date of loan disbursement is not less than 18 years and by the time of loan repayment does not exceed 70 years, can be a borrower.
Answer․ The bank does not provide loan against white gold, as well as for jewelry, in which white gold is more than 30%, or if it is impossible to evaluate the jewelry without the weight of white gold.
Answer. The Bank does not provide loans for the artistic value of gold items, precious and semi-precious stones attached to gold items. The subject of the pledge can be standardized gold bars, gold jewelry, gold scrap.
Answer․ The bank can provide you with 100% of the estimated value of your gold items. However, if your credit history meets the requirements of the Bank, the loan/collateral ratio can be unlimited.
Apply now
Up to 30,000,000 AMD loan amount
Starting from only 16%
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