Hot Line +37410 511 211

Campaign for moving loans with pledge of gold

Campaign for moving loans secured with pledge of gold

The campaign is valid from April 1, 2019 to May 31, 2019, inclusive.

The campaign is valid for all those private individual customers who will move to Converse Bank CJSC their outstanding loan or loans secured with pledge of gold and obtained from any other bank, credit organization, or pawnshop operating in the RA (also in the Republic of Artsakh).

Terms and conditions of the loan:

  1. Principal and interest repayment - 6-36 months, annuity
Loan/collateral Other terms 
Up to 100% Amount AMD 200,000 - 3,000,000*
Interest rate 0%
Maturity term /months/  6-36 months, inclusive
Monthly service fee AMD 0.7%
One-off loan disbursement fee  0.9%
101-120% Amount AMD 200,000 - 3,000,000*
Interest rate 0%
Maturity term /months/  6-36 months, inclusive
Monthly service fee AMD 0.8%
One-off loan disbursement fee  0.9%

* The specified amount refers to the gross balance of the loans issued to 1 customer within the framework of the Campaign. 
** The monthly service fee for the loan is calculated towards the balance of the loan .

    2. Principal and interest repayment - 6-36 months, repayment of the principal loan amount - at the end of the maturity term, and the service fee - every month

Loan/collateral Other terms 
Up to 100% Amount AMD 200,000 - 3,000,000
Interest rate 0%
Maturity term /months/  6-36 months, inclusive
Monthly service fee AMD 1.1%
One-off loan disbursement fee  0.9%
101-120% Amount AMD 200,000 - 3,000,000*
Interest rate 0%
Maturity term /months/  6-36 months, inclusive
Monthly service fee AMD 1.3%
One-off loan disbursement fee  0.9%

* The specified amount refers to the gross balance of the loans issued to 1 customer within the framework of the Campaign. 

** The monthly service fee for the loan is calculated towards the balance of the loan .

Mandatory requirements to customers

1. At the time of applying for the loan the customer shall not have loan/s/ classified under a class stricter than standard, and during one year preceding the date of application - liability/ies/ classified as "loss"
2. At the time of applying for the loan the customer shall not have current overdue liability/ies/
3. Within the last 12 months did not have delays in repayment of loans for a total of 20 and more days, and in case of loan/collateral ratio up to 100 percent - 30 and more days
4. Has and/or had minimum two acting/repaid loans (including overdrafts) at Converse Bank CJSC and/or other banks operating in the RA

The terms specified by clauses 1 - 4 do not apply to guarantees.

*Those Bank customers who:

  •  serviced a loan of any type at Converse Bank CJSC for minimum 3 months during the last 2 years; and/or
  •  are founders, directors, chief accountants of a private entrepreneur or a legal entity holding an account at Converse Bank CJSC for a minimum period of 3 months. It is a mandatory condition that the activity of such account holder customer shall not be terminated at the time of applying for the loan; and/or
  •  have been getting their salaries with an account opened at Converse Bank CJSC within the framework of payroll projects, for a minimum period of 3 months.

Within the framework of the campaign, loans are issued only to those customers who have not had a gold-backed loan/s at Converse Bank CJSC from 01.11.2018 to the date of disbursement of the loan, and at the same time have fully repaid their current gold-backed loan/s obtained from any other bank, credit organization, or pawnshop.

Other conditions: At the time of loan disbursement, sending an inquiry regarding the customer to ACRA is mandatory.
*** If ACRA inquiry results in the information that the customer has more than 5 current loans at other financial institutions, with the loan/collateral ratio exceeding 100%, then the customer cannot take part in this Campaign.
****Family members are the applicant's parents, children, spouse, brother or sister.