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Campaign: Campaign of disbursement of loans secured with pledge of gold and provision of credit cards with non-revolving limit

The campaign is valid until November 30, 2017 inclusive

During the Campaign, one customer can get maximum three loans secured with pledge of gold; the total amount of credit liabilities disbursed during the Campaign shall not exceed AMD 7 million or its equivalent in foreign currency

Bank’s Customer

 

Borrower 

 RA resident private individual who, at the time of disbursement of the loan:
  1. shall have no overdue liability;
  2. within the last 12 months, shall not have delays in repayment of the serviced loans for more than a total of 20 and more days;
  3. within the last 12 months, shall not be classified under a class higher than watched /it doesn’t apply to guarantees/.

 

 

 Loan/collateral*

  1. AMD 30,000.00-1,000,000.00 or the equivalent in foreign currency - up to 130%
  2. AMD 1,000,001.00-2,000,000.00 or the equivalent in foreign currency -up to 120%
  3. AMD 2,000,001-5,000,000 or the equivalent in foreign currency - up to 110%
  4. In case of financing for more than AMD 5,000.001 or the equivalent in foreign currency, financing up to 120% can be made by approval of the regional manager.
 Interest rate
  • AMD -21%*
  • USD -12%*
  • Euro - 10%*

 

Method and term of repayment of the principal and interest amount of the loan, other conditions

  • From 6 to 36 months, annuity repayment; by the customer’s choice, a grace period of 3-6 months can be provided, during which the Bank charges only the interest amount.
or
  • 1-6 months, including payment of the loan interest amount every month and repaying the principal loan amount at the end of the maturity term.

1 1. Those Bank customers who have been serviced as borrowers at “Converse Bank” CJSC from January 1, 2016 to July 1, 2017, inclusive.
2. Those Bank customers who:

  • have made international money transfers /during the last 1 year, for SWIFT transfers - 5 transfers, for fast transfers - 10 transfers/, or
  • are legal entities; founder, director, chief accountant of a private entrepreneur.

3. Those Bank customers, who get their salaries with an account opened at "Converse Bank" CJSC within the frameworks of payroll projects.

* If the loan/collateral ratio is 100%, the following annual interest rates shall apply:

AMD  19% 
USD 11%
Euro  9%

 Another condition: At the time of loan disbursement, an inquiry regarding the customer shall be sent to ACRA.