400,000 - 3 million AMD
With 36 months term
If You need money urgently
• to meet consumer needs,
and You can pledge golden things or gold, and You do not want to pay assessment, as well as, granting fees of loan, then “KAMURJ” UCO offers You a Lombard credit with a pledge of gold with the following conditions:
Loan Disbursement Conditions
| Indicators |
Conditions |
|
Borrowers
|
Citizens and residents of the Republic of Armenia |
| Age limitation |
18 - 70 years old |
| Loan amount |
400,000 - 3,000,000 AMD |
| Annual interest rate |
• 14.8% for new customers
• 13.8% for current customers and for those previously having a loan
|
| Annual factual interest rate |
33.66% - 36.56%
|
| Loan repayment term |
• With 12 months
• With 36 months in case of Monthly (annuity) payments
|
|
Loan / collateral ratio
|
170%
• The total number of overdue days on the customer's current and repaid loans must not exceed 60 days over the last 12 months and 10 days over the last 3 months.
• The borrower must have a registered salary of three months visible in the Nork and EKENG SRC systems.
• The unsecured portion may not exceed 250,000 AMD (if the borrower has at least 3 months of registered salary visible in the Nork system).
• In other cases, the unsecured portion can not exceed 180,000 AMD (if the borrower has at least 3 months of registered salary visible in the Nork and EKENG SRC systems).
130%
• The total number of overdue days on the customer's current and repaid loans must not exceed 60 days over the last 12 months, and 10 days over the last 3 months.
• The unsecured portion can not exceed 100,000 AMD.
100%
• In other cases
|
|
Loan servicing monthly fee
|
• 1.4% of the balance of the calculated loan amount - In case of a loan up to 1,000,000 AMD
• 1.3% of the balance of the calculated loan amount - up to 1,000,001 and more AMD loan
|
|
Payment mode
|
• Monthly equal payments (annuity),
• Loan principal repayments at the end of the loan agreement term, Interest payments: monthly
|
| Gold Assessment Fee |
Not required |
| Granting mode |
With AMD |
| Lending territory |
Gyumri branch |
| Early payment penalty |
The borrower should pay accrued interests and penalties (if any) until the early payment date |
| Applicable penalties |
Overdue loan amount and overdue interest rates 0.12% per day (maximum 90 calendar days)
|
| Other conditions |
• No other person's warranty is required,
• Custody is free for 2 months, but for further custody 1000 AMD per month is charged,
• The following gold categories are acceptable: 375, 500, 583, 750, 875, 900, 958, 999
|
| Maximum term of loan approval |
20 minutes
|
| Maximum length of loan granting |
20 minutes |
Necessary requirements for Borrowers
• The borrower's credit risk class is acceptable up to doubtful class including
• The Borrower may not have a credit history
List of Required Documents
• Passport and/or Identification card, and Social card
Actual Annual interest rate
ATTENTION: The annual real rate shows how much the loan will cost you after paying the interest rate and other payments within defined deadlines and amounts. You can find the calculation order of annual real interest rate in the following address 8/01
ATTENTION: If you do not perform your whole liabilities within the prescribed time, the information about you will be recorded in the Credit Register of the Central Bank of Armenia by the creditor.
WARNING: Your assets (house, car, etc.) may be confiscated if you do not make payments of interest and credit amount within the prescribed time, as well as other regulations specified in the agreement between you and the “KAMURJ” company.
Prices of additional services
