Gold Secured (Pawn) Loans

Apply for a gold secured loan at Evocabank’s branches within several minutes and get a loan up to 95 percentage points of the estimated value of the gold item.

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Gold Secured (Pawn) Loans

1.	Loan purpose	Loans secured by gold will be provided for purchasing or ordering of goods (works, services) for non-commercial, personal, family, household use.
2.	Eligibility	RA residents aged 18– 70. The total of the borrower's age and loan period should not exceed 70.
3.	Loan currency	AMD
4.	Loan amount	100,000 (for bank branches in provinces 50,000) – 50,000,000
5.	Loan repayment period	3 - 36 months
6.	Loan repayment method	Loan repayment period		Repayment method
		3-12 months		Bullet payment or annuity payments
		13-36 months		Annuity payments
7.	Annual interest rate	Loan repayment period	Loan repayment method			Maximum actual
			Annuity payments		Bullet payment
		For loans with repayment period of 3-6 months	15.5%		16.5%	17.97%
		For loans with repayment period of 7-24 months	16%		17%^[1]	18.48%
		For loans with repayment period of 25- 36 months	17%		18%^[2]	19.59%
8.	Penalty for early loan repayment	Not applicable
9.	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.
10.	Loan-to-value ratio	Annuity payment	Up to 95% of appraised value of gold articles
		«Bullet» payment /for a period of 1 - 6 months/
		«Bullet» payment / for more than a 6-month period/	Up to 90% of appraised value of gold articles
11.	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.
12.	Other terms and conditions	Loans denominated in AMD will be credited to the bank account. Upon repayment of the loan, the gold securing the loan will be returned to the borrower within 2 business days.
13.	List of required documents	1. Application for a gold-secured (pawnshop) loan, 2. passport or ID card, 3. social card or statement on absence of social card (while social card and statement on its absence are not required if the applicant has an ID card), 4. Other documents as may be required by the Bank.

[1] / [2] In this case, the borrower during the first 12 months will pay monthly interest only, while annuity plan will be set for the rest of the loan period.