Agricultural (with Gold Collateral)

Loan purpose
Loan type
Minimum loan amount 
AMD 10.000 equivalent foreign currency 
Loan currency 
Annual Interest Rate 
In case of monthly, non-equally (differential) repayment of the annual interest rate -6-36 month 
Interest rate        Service fee (monthly)  0%                        0.6%
3%                        0.45%
5%                        0.35%
6%                        0.3%
8%                        0.25%
10%                      0.2%
12%                      0.1%
In case of beforehand or monthly payment of annual interest rate, and repayment of the principle at the end of deadline – 3-6 months 
Interest rate    Service fee (monthly) 
0%                        0.9%
3%                        0.7%
5%                        0.5%
6%                        0.4%
8%                        0.3%
10%                      0.1%
12%                      0.01%
Loan to pledge value ratio
Up to 150% of the appraised pledge value
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. • Monthly- non-equally (differential)
Gold items
Grant way 
By cash 
Application study fee 
1% of loan amount 
Service fee based on loan amount  
0.7% of loan amount  
Fee based on gold standard 
500-578 standard 1 gr 10,300 AMD
579-745 standard 1 gr  12,000 AMD
746-830 standard 1 gr 15,400 AMD
831-895 standard 1 gr 17,100 AMD
 896-950 standard 1 gr 18,400 AMD
951-999 standard 1 gr 19,700 AMD
White gold  
500-578 standard 1 gr  8,200 AMD
579-745 standard 1 gr 9,600 AMD
746-830 standard 1 gr 12,300 AMD
The loan arrangement is realized 
Only by ARMECONOMBANK” OJSC branches located outside Yerevan 
Decision period 
The loan is available on the spot 
Loyal customers   
Loans under the pledge of gold items may be granted in maximum 110% of the loan value, but the exceeding part of 100% of the pledge value should not be more than AMD 500.000  :
 *Pursuant to this decision   “Loyal customer” is the customer who has had 5 and more loans with ARMECONOMBANK OJSC, and the aggregate of overdue days on all the loans do not exceed 7 days and at least one of the mentioned loans has been provided within 24 months preceding the receipt of application.  
Borrower requirements
Resident individual over 18 years (if loan to pledge value ratio amounts more than 120 and max. 150% the borrower/ pledger and/or individual guarantor (if any) shall be the Bank’s cardholder and within 60 days prior to the loan provision a salary should have been transferred to his/her card account).
Negative decision grounds
Costumer’s negative credit history.
Inadequacy of the loan to the required criteria.
In case of non-repayment of amounts (loan, interest, and other payments) set forth by the Agreement on time, a penalty of 0.13% on the overdue amount will accrue for each overdue day.
General Information
Documents to be presented by individuals 
PunctPassport copies
PunctDocument containing public services number

Loan Calculator

General Information
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
Pledged estate sales rules
Updated: 17/08/2020 13:05