Individual loans provided to individuals by products / Terms and Tariffs /
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- EvocaHOME
- Individual INVESTMENT Loan
- Personal loans secured by property (creditworthiness rating)
- Personal loans secured by property (without income source verification)
- Personal loan with guarantee
- Loans with gold pledge (Lombard loan)
- Deposit secured loan / credit limit
- Overdrafts with payment cards (credit cards)
- Credit limit provided by Visa Infinite payment cards
- Student consumer loans (program)
- Evolution
- Parking space purchase loan
- EvocaPOWER
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- Housing mortgage loans
- Housing mortgages with floating interest rate
- Housing mortgages for non-resident individuals
- Commercial mortgage loans
- Mortgage Loans under the National Mortgage Company program
- Renovation loan under National Mortgage Company
- Construction loans under the program of the National Mortgage Company
- Mortgage loans "Affordable Housing for Young Families"
- Mortgage loan to displaced families from Nagorno-Karabakh
- Home renovation mortgage loans from families displaced from Artsakh
- Mortgage loan to displaced families from Artsakh regions
- Land Acquisition Loans
Loans with gold pledge (Lombard loan)
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1. |
Loan purpose |
Loans secured by gold will be provided for purchasing or ordering goods (works, services) for non-commercial, personal, family and household purposes. |
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2. |
Eligibility |
RA residents aged 18-70 who during the loan service period will not turn 70. |
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3. |
Loan currency |
AMD |
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4. |
Loan amount |
50,000 – 50,000,000 |
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5. |
Loan repayment period |
3 - 60 months |
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6. |
Loan repayment method |
«Annuity» payments |
3 - 60 months |
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«Bullet» payment |
3 - 12 months |
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7. |
Annual nominal interest rates /standard/ |
Loan period (months) |
Loan repayment method |
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«Annuity» payments |
«Bullet» payment |
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3 - 12 |
15.5% |
16.5% |
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13 - 36 |
16.5% |
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37 - 60 |
17.5% |
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8. |
Annual nominal interest rate /with additional limit/ |
24 - 60 |
19.5% |
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9. |
Penalty for early loan repayment |
Not applicable |
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10. |
Penalty charged for late payment of the principal and interest amounts |
For past due principal amount - 0.015% per day, For past due interest - 0.1% per day.
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11. |
Loan-to-value ratio |
«Annuity» payments (with additional limit) |
Up to 150% of the appraised value of gold jewelry |
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«Annuity» payments |
Up to 95% of the appraised value of gold jewelry |
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«Bullet» payments (3 - 12 months) |
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12. |
Loan disbursement method |
Non-cash |
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13. |
Timeline for making decision on loan application approval or rejection |
· The decision on approving or declining the loan application will be made within 1 (one) day. · The loan will be made available to the borrower within 1 (one) business day once the loan is approved by the Bank.
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14. |
Other terms and conditions |
· The loan amount will be credited to the customer's bank account, · If the loan amount is disbursed in cash, the Bank will charge a cash withdrawal fee according to the relevant fees of the Bank, · The contractual loan amount with additional limit cannot exceed AMD 10,000,000. The decision on approval/rejection of the loan application will be made automatically. · Upon repayment of the loan, the gold jewelry securing the loan will be returned to the borrower within 2 business days.
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