Loan for acquisition of standardized gold ingots
The loan is provided to RA citizens for the purpose of acquisition of standardized gold ingots from the Bank.
Lending conditions
| Loan currency | The loan is disbursed in AMD | ||
| Loan amount |
Minimum AMD 100,000 Maximum AMD 8,000,000 |
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| Maturity | 12 36 months | ||
| Loan/collateral ratio | 90% | ||
| Interest rate | 18.5% | ||
| Repayment procedure | Annuity (equal monthly instalments), which includes the principal amount and accrued interests with alternating portions | ||
| Loan disbursement fee | 1% of the loan amount Is charged from the customer’s account once, at the time of loan disbursement |
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Penalty |
Upon default of payment of principal and/or interests, the Borrower pays the Bank a penalty at 0.13% of the overdue principal and interest for each day of delay. |
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| Security | Standardized gold ingot to be purchased | ||
| List of required documents to be submitted to the Bank |
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The loan is provided in the head office and branches.