Gold Secured (Pawn) Loans Based on Creditworthiness

Evocabank offers gold secured loans in cash and non-cash.

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Loan purpose	The loan is granted with gold pledge for the purpose of ordering or purchasing goods (work, services) for personal, family, home or other use not related to business activities.
Who can apply	Individual residents of RA between the age of 18-70, whose age will not exceed 70 years throughout the loan service period
Loan currency	AMD
Loan amount	100,000 –10,000,000
Loan term	24-36 months
Loan repayment method	Annuity
Loan provision method	Cash and non-cash
Annual nominal interest rate	19.5%
Early loan repayment penalty	No early payment fee is applicable
Penalty for loan principal and/or interest overdue	For overdue principal - 0,015 % daily, For overdue interest - 0,1 % daily
Loan to value ratio	Up to 150 %^[1]
Special condition	Within the scope of the subject loan type one borrower can have maximum liability of AMD 2,000,000
Creditworthiness assessment (loan approval criteria)	Creditworthiness assessment (loan approval criteria)
Other conditions	Loans provided in AMD are credited to the bank account Upon approaching the Bank after the full repayment of the loan, the gold items as collateral are returned to the client within 2 working days at most.
Deadlines for approving or rejecting loan provision	The decision to approve or reject the loan is made within 1 (one) working day. The loan is granted in case of Bank’s positive decision, within 1 (one) working day.