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.

Gold Secured (Pawn) Loans
Back

Loan purpose

Gold collateral loan is provided by pledging gold items for the purpose of ordering or purchasing goods (works, services) for personal, family, home or other use, unrelated to business activities.

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

  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] 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.

video

Online and Mobile Banking

Evocabank is a fast, simple and innovative service bank, distinguished by the active use of the latest information technologies.

Become a client
qr-code
Download the Application