Gold Standard

Gold Standard

Get beneficial loans secured with gold

Currency
֏, $
Interest rate
12%-18.7%
Repayment term
3-60 months
Loan maximum amount
30,000,000 ֏

General

General
Tariffs
Documents
FAQ
Gold Standard

Gold Standard

Get Gold secured loans quickly with beneficial terms from 12% annual interest rate for the term of up to 60 months.
Moreover, lending to individuals engaged in gold trade and/or production is carried out at a down payment of 0 AMD. Transfer of loans secured by gold from other Banks or financial organizations, there is also carried out at 0 AMD commission, if the customer submits a loan repayment receipt of up to 5 working days.

Choice of currency
The loan is available in Armenian drams and US dollars
Express provision
The loan is approved on the day of application
Low interest rate
Starting from only 7%

Choose a loan

AMD
USD
Loan ammount

You need to choose the loan amount you prefer from the scale below.

I AMD
Loan term, months

You need to choose the loan term that you prefer from the scale below.

3 months 36 months
Type of pledge
Payment method

fixed monthly installments, where the monthly payment throughout the repayment period remains the same and consists of a portion of loan and a portion of interest.

This calculation is informative character and can be changed.

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Package IDgold
Use the advantageous IDgold package, provided for borrowers using gold secured loans

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

Compare products

Gold Standard
Gold Standard
The loan is available in Armenian drams and US dollars
Starting from only 12%
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.

Gold Standard - Special offers
Loan type
“Gold Standard”
Purpose
other
Currency
AMD, USD
Minimum amount
AMD 30,000 or USD 60
Maximum amount
AMD 30,000,000 or USD 60,000
Method of loan disbursement
AMD - non-cash transfer via current account
USD - non-cash transfer via payment card (card loan)
Term
3 - 6 months
Annual nominal interest rate
AMD - 16%
USD - 12%
Annual effective interest rate
AMD - 17.79% - 18.31%
USD - 12.99% - 13.29%
Fees
NE
Maximum loan/collateral ratio
AMD - up to 100%
USD - 90%
Term
4 - 6 months
Annual nominal interest rate
AMD - 19%
USD - 15%
Annual effective interest rate
AMD - 20.87% - 20.93%
USD - 16.17%-16.22%
Fees
NE
Maximum loan/collateral ratio
AMD - up to 100%
USD - 90%
Term
AMD - 12-60 months
USD - 12-36 months
Annual nominal interest rate
AMD - 16․7% - 18․7%
USD - 14․5%
Annual effective interest rate
AMD - 18.12% -20.62%
USD - 15.57% - 15.68%
Fees
NE
Maximum loan/collateral ratio
AMD - up to 100%
USD - 90%
Grace period of loan repayment2
AMD - During the first 6 months of loan repayment, payments are made only on part of the loan interest,
USD - During the first 12 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
Card type
ArCa Classic
Fee for cash withdrawal from card account
not charged
Annual card service fee
not charged
Other card service tariffs
according to tariffs of the given card applied in the Bank at Information bulletin of ArCa Classic cards
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
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
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
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
05․12․22
Assay
The price of 1 gr. of gold (AMD)
375
8,200
500
10,900
560
12,200
585
12,800
750
16,300
875
19,000
900
19,600
958
20,800
999
21,700
Date
05․12․22
Assay
The price of 1 gr. of gold (AMD)
375
9,400
500
12,500
560
14,000
585
14,500
750
18,700
875
21,800
900
22,400
958
23,900
999
24,900

Tariff archive

Tariffs valid from 18.08.21-19.11.21
230.93 KB
Required documents
74.39 KB
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.
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/THE BANK CONTROLLED BY THE CENTRAL BANK OF ARMENIA/
Information updated 05.12.2022 10:44
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