Converse Bank- Individual loans for general purchase on the security of gold and precious stones "Yerek 9" /"Three 9s"/

Updated: 16.07.2010 17:50

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Internet banking

My Converse

Internet banking

Registration system

Loans

01.08.2010 - 31.08.2010

AMD - 11.00

USD - 7.00

Personal lending

Business lending

Loans on the security of gold
and precious stones "Three 9"

Loan calculator

Loans are available for RA citizens or residents or persons with economic interests in the RA, for various personal needs.

Loan terms are:

Currency

Amount

Period

Interest rate

AMD (cash)

Maximum limit:
- Under gold collateral - starting from AMD 30,000 up to AMD 3 million
- Under diamond collateral - starting from AMD 30,000 up to AMD 1 million

The loan to collateral appraisal value ratio is:
- 98%, if the loan period is up to 3 months
- 95%, if the loan period is 6 months and more

By annuity - up to 24 months
By the end of maturity - up to 12 months

By annuity - Double fold of the calculation interest rate specified by the RA CB- (minus)2%
By the end of maturity - Double fold of the calculation interest rate specified by the RA CB

Documents necessary for receiving loans

♦ Loan application
♦ Original and copy of the passport

Pledge

♦ Gold items
In case of denying or regularly delaying the payments of principle amount of the loan the bank has right to cover its demands on the account of the pledged property.

Credit account service

When providing any new loans from the account of the customer once-off will be charged:
♦ AMD 2 500 for loans up to AMD 500 000
♦ AMD 5 000 for loans in amount of AMD 501 000 and above.

Loan maturity procedure

♦ Annuity - equal monthly repayment which includes the loan amount plus the accrued variable interest.

Penalty for late repayment

♦ The Bank applies fines to the borrower:
- 0.1% of the overdue loan for each day of default and
- 0.3% of the overdue interests for each day of default
♦ There are no fines and penalties defined in case of early redemption of the loan.

*1% discount is applied to the loan interest rate of employees, working in the companis having relevant agreements with Converse Bank CJSC at least 3 months.

Loans must be submitted at the Head Office or at the branches.

Dear customers,

Please read the below stated very attentively:

Credit interest amounts are calculated on the basis of the nominal interest rate. The actual annual interest rate shows how much you will pay for the credit, if you make all payments of interest amounts as well as other payments in due dates. You may find the procedure of calculating the actual annual interest rate here.
Procedure and Model of Calculating the Effective Interest Rate according to the RA Law "On Consumer Crediting"

Loans on the security of gold and precious stones
"THREE 9"

Your gold as a support for you!