With Gold Items' Collateral

Loan purpose
Consumer purpose
Loan amount
Maximum 90% of pledged gold items' value, up to 3 months redemption period or 95% if the payment graphic is non-equally (differential) and the payments of the first and second months should not be less than 5 % of the loan amount or there is at least one individual guarantor
Maximum 85% of pledged gold items' value, up to 6 months redemption period or 90% if the payment graphic is non-equally (differential) and the payments of the first and following months should not be less than 2 % of the loan amount or there is at least one individual guarantor
In case of the beforehand payment of the interest rate of the loan, maximum 95% of the pledged gold item's value, up to 6 months or 100% if there is at least one individual guarantor
AMD 200,000 loans equivalent USD and larger may be given up to 18 months against max. 90% of appraised value of collateral, defining the loan in equal monthly / annuity / or non-equal / differential / repayment schedule or max. 95% if there is at least one individual guarantor.
Loans against pledge of gold items may exceed the appraised pledge value by max. 150%՝
For loans exceeding 100% of the appraised pledge value-max.150%, the Borrower and/or the guaranter must be the Bank’s cardholder with salary credited to his/her card account within the preceding 60 days max. The exceeding part of 100% of the pledge value should not exceed the threefold of the salary of the Bank's cardholder as well as the joint amount of the of the exceeding part of 100% of the pledge value and the remain of the credit card line should not exceed the sevenfold salary of the Bank's cardholder or.
Loan currency
AMD
Annual interest rate
18%
Redemption frequency
The loan amount can be paid flat fee at the end of the deadline, and the calculated interests can be paid monthly or in advance.
Grant way
By cash
One-time fee based on the loan amount
Up to 90,000 AMD 900AMD
90,000-180,000 AMD 1,400 AMD
180,001-360,000 AMD 2,300 AMD
360,001 AMD and more 0.7 %
Fee based on gold standard
500-578 standard 1gr 9,800 AMD
579-745 standard 1gr 11,500 AMD
746-830 standard 1gr 14,800 AMD
831-895 standard 1gr. 16,400 AMD
896-950 standard 1gr 17,700 AMD
951-999 standard 1gr. 18,900 AMD

White gold
500-578 standard 1gr. 7,800 AMD
579-745 standard 1gr. 9,200 AMD
746-830 standard 1gr. 11,700 AMD
Account opening fee
AMD 2000
Loan arrangement is realized
“ARMECONOMBANK” OJSC branches
Decision Period
The loan is available on the spot
Borrower requirements
Resident individual over 18 years
Negative decision grounds
Costumer’s negative credit history.
Inadequacy of the loan to the required criteria.
Penalties
Overdue Loan 0.2% of the unpaid amount for each overdue day
Overdue Interest 0.4% of the unpaid amount for each overdue day
Attention! In case of not performing the loan liabilities and repaying the liabilities in the account of the collateral, in case of the collateral being not enough to repay the Borrower’s loan liabilities, it is possible to make liabilities repayment on the account of another property of the Borrower and/or Guarantor(s).
Documents presented by individuals

1. Passport,
Document containing public services number:
• Social card, or
• RA citizen identification card or
• Foreign citizen residence card (if any) containing public services number or
• Documents certifying the refugee identification of RA permanent resident, individual having no citizenship containing public services number or
• Statement containing public services number.

Interests are calculated on the loan balance. Loan interests are calculated based on the nominal interest rate. The actual interest rate shows how much the loan interests and other payments will cost in case of performance in defined terms and sizes.

Actual annual interest rate calculation procedure and sample.
Actual annual interest rate calculation formula.

Attention! Changes in currency exchange rates may have an impact on loan repayments.
Attention! No change of nominal interest rate throughout the term of loan agreement.
Attention! In case of failure to repay the interest and the principal on time, the mortgaged property may be confiscated, and the information about the Borrower and/or the Guarantor/s will be recorded in the loan register.
Loan amount
Interest rate calculation procedure
Loan agreement termination
Pledge subject for the Bank
Overdue loan and overdue interest
Documents required for loan grant
Negative conclusion grounds on loan case are
Security
Pledged estate sales rules
Loan purpose
Consumer purpose
Loan amount
Maximum 90% of pledged gold items' value, up to 3 months redemption period or 95% if the payment graphic is non-equally (differential) and the payments of the first and second months should not be less than 5 % of the loan amount or there is at least one individual guarantor
Maximum 85% of pledged gold items' value, up to 6 months redemption period or 90% if the payment graphic is non-equally (differential) and the payments of the first and following months should not be less than 2 % of the loan amount or there is at least one individual guarantor
In case of the beforehand payment of the interest rate of the loan, maximum 95% of the pledged gold item's value, up to 6 months or 100% if there is at least one individual guarantor
AMD 200,000 loans equivalent USD and larger may be given up to 18 months against max. 90% of appraised value of collateral, defining the loan in equal monthly / annuity / or non-equal / differential / repayment schedule or max. 95% if there is at least one individual guarantor.
Loans against pledge of gold items may exceed the appraised pledge value by max. 150%՝
For loans exceeding 100% of the appraised pledge value-max.150%, the Borrower and/or the guaranter must be the Bank’s cardholder with salary credited to his/her card account within the preceding 60 days max. The exceeding part of 100% of the pledge value should not exceed the threefold of the salary of the Bank's cardholder as well as the joint amount of the of the exceeding part of 100% of the pledge value and the remain of the credit card line should not exceed the sevenfold salary of the Bank's cardholder or.
Loan currency
AMD
Annual interest rate
18%
Redemption frequency
The loan amount can be paid flat fee at the end of the deadline, and the calculated interests can be paid monthly or in advance.
Grant way
By cash
One-time fee based on the loan amount
Up to 90,000 AMD 900AMD
90,000-180,000 AMD 1,400 AMD
180,001-360,000 AMD 2,300 AMD
360,001 AMD and more 0.7 %
Fee based on gold standard
500-578 standard 1gr 9,800 AMD
579-745 standard 1gr 11,500 AMD
746-830 standard 1gr 14,800 AMD
831-895 standard 1gr. 16,400 AMD
896-950 standard 1gr 17,700 AMD
951-999 standard 1gr. 18,900 AMD

White gold
500-578 standard 1gr. 7,800 AMD
579-745 standard 1gr. 9,200 AMD
746-830 standard 1gr. 11,700 AMD
Account opening fee
AMD 2000
Loan arrangement is realized
“ARMECONOMBANK” OJSC branches
Decision Period
The loan is available on the spot
Borrower requirements
Resident individual over 18 years
Negative decision grounds
Costumer’s negative credit history.
Inadequacy of the loan to the required criteria.
Penalties
Overdue Loan 0.2% of the unpaid amount for each overdue day
Overdue Interest 0.4% of the unpaid amount for each overdue day
Attention! In case of not performing the loan liabilities and repaying the liabilities in the account of the collateral, in case of the collateral being not enough to repay the Borrower’s loan liabilities, it is possible to make liabilities repayment on the account of another property of the Borrower and/or Guarantor(s).
Documents presented by individuals

1. Passport,
Document containing public services number:
• Social card, or
• RA citizen identification card or
• Foreign citizen residence card (if any) containing public services number or
• Documents certifying the refugee identification of RA permanent resident, individual having no citizenship containing public services number or
• Statement containing public services number.

Interests are calculated on the loan balance. Loan interests are calculated based on the nominal interest rate. The actual interest rate shows how much the loan interests and other payments will cost in case of performance in defined terms and sizes.

Actual annual interest rate calculation procedure and sample.
Actual annual interest rate calculation formula.

Attention! Changes in currency exchange rates may have an impact on loan repayments.
Attention! No change of nominal interest rate throughout the term of loan agreement.
Attention! In case of failure to repay the interest and the principal on time, the mortgaged property may be confiscated, and the information about the Borrower and/or the Guarantor/s will be recorded in the loan register.
Loan amount
Interest rate calculation procedure
Loan agreement termination
Pledge subject for the Bank
Overdue loan and overdue interest
Documents required for loan grant
Negative conclusion grounds on loan case are
Security
Pledged estate sales rules
Last modified on Wednesday, 07 December 2016 17:47