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 | 100% | ||
Interest rate | 17% | ||
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.