Gold Secured (Pawn) Loans

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 (for branches in the regions- 50,000) – 10,000,000

Loan term

3- 36 months

Loan repayment method

Annuity

For loans with repayment period of 1-12 months  

One-off

Annuity

For loans with repayment period of 13-36 months

Annual nominal interest rate

Loan term

Loan repayment method

Annuity

One –off

For loans with repayment period of 3-6 months

15.5%

16.5%

For loans with repayment period of 7-24 months

16%

17%^[1]

For loans with repayment period of 25-36 months

17%

18%^[2]

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

Annuity

Up to 95% of the estimated value of the gold items

 One-off (with repayment period of 1- 6 months)

One-off (with repayment period of more than 6 months)

Up to 90% of the estimated value of the gold items

Deadlines for approving or rejecting loan provision

· The decision to approve or reject the loan is made within 1 (one) working day maximum
· The loan is granted in case of Bank’s positive decision, within 1 (one) working day  

Loan provision methods

Non-cash

• 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.