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.

Back

Retail
Loans
Loans
Gold Secured (Pawn) Loans

Loan purpose	Loans secured by gold are designed for purchasing or ordering goods (works, services) for non-commercial personal, family, household use.
Eligibility	RA residents aged 18– 70. The total of the borrower's age and loan period should not exceed 70.
Loan currency	AMD
Loan amount	100,000 (for bank branches in provinces 50,000) – 10,000,000
Loan repayment period	3 - 36 months
Loan repayment method	Loan repayment period	Repayment method
	3-12 months	Bullet payment or annuity payments
	13-36 months	Annuity payments
Annual interest rate	Loan repayment period	Loan repayment method		Maximum actual
		Annuity payments	Bullet payment
	3-6 months	15.5%	16.5%	18.08%
	7–24 months	16%	17%^[1]	18.44%
	25 - 36 months	17%	18%^[2]	19.59%
Penalty for early loan repayment		Not applicable
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.
Loan-to-value ratio	Annuity payment	Up to 95% of appraised value of gold articles
	«In lump-sum» /1- 6-month period/
	«In lump-sum» / for more than a 6-month period/	Up to 90% of appraised value of gold articles
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 provided within 1 (one) business day after the approval of the loan application by the Bank.
Loan disbursement method	Non-cash
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.
List of required documents	Application for a gold-secured (pawnshop) loan, passport or ID card, 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), Other documents as may be required by the Bank.

[1] In this case, the borrower during the first 12 months will pay only monthly interest, thereafter identical installments (annuities) will be made for the rest of the period.
[2] In this case, the borrower during the first 12 months will pay only monthly interest, thereafter identical installments (annuities) will be made for the rest of the period.