Loans for acquisition of "CASCO" insurance certificates
The loan is provided to RA citizen and resident private individuals for the purpose of acquisition of CASCO insurance certificates at one of the insurance companies cooperating with the Bank
| Loan currency | AMD | |
| Loan purpose | Acquisition of CASCO insurance certificates |
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| Borrowers and security for the loan |
At the time of applying to the Bank, have active loans at Converse Bank secured with pledge of movable or immovable property, and at the time of loan disbursement the loan/collateral ratio of the existing initial loan and the loan to be provided does not exceed the maximum loan/collateral ratio set at the time of disbursement of the existing loan |
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| At the time of applying to the Bank, the borrower should not have liabilities overdue for 10 and more days within the last 12 months or classified liabilities during the last 3 years, at banks and credit organizations. | ||
| Insured person | borrower, third person /beneficiary/ | |
| Maximum number of certificates provided to each borrower | 1 certificate | |
| Insurance term | 6-12 months | |
| Minimum and maximum loan maturity | 6 -12 months, but not more than the term remaining until repayment of the initial loan | |
| Loan disbursement form | Non-cash - the amount is transferred to the transient account of the respective insurance company opened for the given type of insurance (see the Regulation on the Activity of an Insurance Agent /PR 72-42/) | |
| Maximum loan amount | Maximum AMD 500,000 | |
| Annual interest rate of the loan | 21% | |
| Loan repayment procedure | Annuity; in case of availability of collateral, the collateral item pledged as means of security of the initial loan terminates after proper performance of all liabilities for the initial loan and the loan to be provided | |
| Insurance object | Passenger cars used for personal and service purposes | |
| Required documents |
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| Other conditions | Insurance is made by the Bank. | |