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Jewelry pledge loans

1390121699310990-stock-photo-gold-on-the-scales-346843604-recovered.jpg

JEWELRY PLEDGE LOANS

24%

Nominal interest rate

500.000.000 Դ

Վարկի առավելագույն գումար

Loan amount

Տարեկան անվանական Վարկի առավելագույն Վարկի մարման Վարկի տրամադրում

60 months

Վարկի տրամադրման ժամկետ

Loan term

15 min

for providing a loan

TERMS AND TARRIFS

updated 26-05-2022, 12:00

Standard

Standard annuity

Privileged

(temporarily suspended)

+30% for "A" class customers

+50%

(temporarily suspended)

Loan term

24 months

12-60 months

12-24 months

12-60 months

Grace period of maturity

23 months

not defined

11-23 months

not defined

Grace period for interest rate

not defined

up to 5 months

not defined

Loan currency

AMD

Payments

Free repayment schedule

Annuity
Equal repayment of principal

Free repayment schedule

Annuity

Annual nominal interest rate

24% `

24%

Loan amount

From 5,000 to 500,000,000 AMD

From 100,000 to 500,000,000 AMD

From 50,000 to 500,000,000 AMD

From 130,000 to 2,200,000 AMD

From 100,000 to 1,500,000 AMD

"B" class loans-110,0005,500,000 AMD

Loan service fee

12% per-year` 5,000-99,999 AMD6% per-year` 100,000-999,999 AMD

6% per-year` 100,000-999,999 AMD

Not charged

6% per-year` 100,000-999,999 AMD

Loan to value maximum ratio

· up to 100%

· Up to 110% for “B” class customers

up to 90%

up to 130%

up to 150%

Loan Provision Fee

Not charged

Creditor

· RA resident and non-resident individuals over 18 years of age

· In case of +50% credit- Armenian citizens aged 23-60 years

Required Documents

Personal identification document

In order to be credited maximum 130% of the assessed value of the pledge the Class A customers of the Organization must simultaneously meet the following minimum requirements	In order to be credited maximum 110% of the assessed value of the pledge the Class B customers of the Organization must simultaneously meet the following minimum requirements	In order to be credited maximum 150% of the assessed value of the pledge the customers must simultaneously meet the following minimum requirements
1. The sum of overdue days of active and repaid loans in the Organization over the last three years preceding the time of application = 0 days	1. The sum of overdue days of active and repaid loans in the Organization over the last three years preceding the time of application <= 7 days	1. It is necessary to be credited at least once in the required amount
2. Total days of validity of active or repaid loans in the Organization over the last three years preceding the time of application > = 360 days	2. Total days of validity of active or repaid loans in the Organization over the last three years preceding the time of application > = 360 days	2. Over the last two days preceding the time of application ü Duration of validity of active or repaid loans >= 271 days ü The sum of expired days= 0 օր
3. The classes of loan risks mentioned in point 1 and 2 are classified only under “Standard” risks	3. The classes of loan risks mentioned in point 1 and 2 are classified only under “Standard” risks	3. Has never been classified as “Suspicious” or “Unreliable”

OTHER TERMS

Introduction

Ø At the moment of lending to the Class A customers of the Organization, the gross balance of the loans provided per borrower line at these tariffs and the newly provided loan (including foreign currency) shall not exceed 2,200,000 AMD.

Ø At the moment of lending to the Class B customers of the Organization, the gross balance of the loans provided per borrower line at these tariffs and the newly provided loan (including foreign currency) shall not exceed 5,500,000 AMD.

Ø In case of + 50% loan type, the gross balance of the loans provided per borrower line at these tariffs and the newly provided loan (including foreign currency) at the moment of lending shall not exceed 1,500,000 AMD.

1. The pledge is assessed according to the gold rating scale.

2. The loan interest and service fees are calculated in relation to the actual loan balance.

3. The loan is provided in cash, in lump sum.

4. Required documents:

Ø Identification document

5. The loan is provided in all branches of the Organization.

6. Factors for a positive decision to provide loan are the following:

Ø Compliance of the Borrower and Pledge to the requirements set forth in this document.

7. The factors for rejecting the loan are the following:

Ø Incompliance of the Borrwer and/ or Plegde to the requirements set forth in this document.

8. Making a decision on the loan application after submitting the required documents, informing the Customer and provision of loan within 1-5 minutes. Depending on the number of gemstones the time may vary.

9. In case of full repayment of the loan, the gold items pledged for the given loan shall be returned to the pledgor at least on the day following the repayment date.

10.As a rule, any amount credited for the purpose of loan repayment is directed by the Organization to the repayment of the amounts to be paid to the Organization by the Customer by virtue of loan agreement at the time of crediting, including penalties, service fees, interest, Loan amount repayment. The organization has the right to define a different order of amounts to be paid in the contract with the Customer.

11. In case of early repayment of the loan by the Customer, the loan interest amounts and the service fees, if any, are proportionally reduced if the latter is accrued on a daily basis, while the payments made to third parties are not subject to reduction.

12. Tariffs for non-financial services, including terms of provision of statements, copies of contracts and other information are published on the official website of the Organization: www.fastcredit.am, as well as posted in the places of business of the Organization.

13.WARNING: IF THE INTEREST AMOUNTS, LOAN AMOUNT, SERVICE FEES ARE NOT PAID IN TIME THE PLEDGED PROPERTY CAN BE CONFISCATED BY THE PROCEDURE ESTABLISHED BY LAW.

ATTENTION: IN CASE OF NOT FULFILLMENT OR INCOMPLETE FULFILLMENT OF THE OBLIGATIONS BY YOU, THE ORGANIZATION SENDS THOSE DATA TO THE CREDIT BUREAUWITHIN 3 WORKING DAYS WHERE YOUR CREDIT HISTORY IS FORMED. YOU HAVE THE RIGHT TO GET YOUR CREDIT HISTORY FROM THE CREDIT BUREAU FREE OF CHARGE ONCE EVERY YEAR. ATTENTION: BAD CREDIT HISTORY MAY HINDER RECEIVING A LOAN IN THE FUTURE.

14.ATTENTION: LOAN INTEREST AMOUNTS ARE CALCULATED BASED ON THE NOMINAL INTEREST RATE, WHILE THE ACTUAL ANNUAL INTEREST RATE SHOWS HOW MUCH THE LOAN, INTEREST AMOUNT AND OTHER PAYMENTS WILL COST IN CASE OF PAYING IN THE ESTABLISHED TIME AND AMOUNT. ACTUAL ANNUAL INTEREST RATE CALCULATION PROCEDURE IS POSTED ON THE OFFICIAL WEBSITE OF THE ORGANIZATION (www.fastcredit.am).

15.ATTENTION: YOU HAVE THE RIGHT TO COMMUNICATE WITH THE FINANCIAL ORGANIZATION IN THE MANNER PREFERRED BY YOU BY MAIL OR ELECTRONICALLY. GETTING INFORMATION ELECTRONICALLY IS THE MOST CONVENIENT. IT IS AVAILABLE 24/7, IS FREE OF RISK OF LOSS OF PAPER INFORMATION AND ENSURES PRIVACY.

DOCUMENTS

Tariffs

Power of Attorney.

2136810748496187-stock-photo-gold-on-the-scales-346843604-recovered-16213395175886.jpg

JEWELRY PLEDGE LOANS

24% 500.000.000 ֏ 60months 15minutes

Nominal interest Loan Loan for providing

rate amount term a loan

TERMS AND TARIFFS

updated 26-05-2022, 12:00

Standard

Standard annuity

Privileged

(temporarily suspended)

+30% for "A" class customers

+50%

(temporarily suspended)

Loan term

24 months

12-60 months

12-24 months

12-60 months

Grace period of maturity

23 months

not defined

11-23 months

not defined

Grace period for interest rate

not defined

up to 5 months

not defined

Loan currency

AMD

Payments

Free repayment schedule

Annuity
Equal repayment of principal

Free repayment schedule

Annuity

Annual nominal interest rate

24%

Loan amount

From 5,000 to 500,000,000 AMD

From 100,000 to 500,000,000 AMD

From 50,000 to 500,000,000 AMD

From 130,000 to 2,200,000 AMD

From 100,000 to 1,500,000 AMD

"B" class loans- 110,000-5,500,000 AMD

Loan service fee

12% per-year` 5000-99,999 AMD

6% per-year` 100,000-999,999 AMD

Not charged

6% per-year` 100,000-999,999 AMD

Loan to value maximum ratio

· up to 100%

· Up to 110% for “B” class customers

up to 90%

up to 130%

up to 150%

Loan Provision Fee

Not charged

Creditor

· RA resident and non-resident individuals over 18 years of age

· In case of +50% credit- Armenian citizens aged 23-60 years

Required Documents

Personal identification document

In order to be credited maximum 130% of the assessed value of the pledge the Class A customers of the Organization must simultaneously meet the following minimum requirements	In order to be credited maximum 110% of the assessed value of the pledge the Class B customers of the Organization must simultaneously meet the following minimum requirements	In order to be credited maximum 150% of the assessed value of the pledge the customers must simultaneously meet the following minimum requirements
1. The sum of overdue days of active and repaid loans in the Organization over the last three years preceding the time of application = 0 days	1. The sum of overdue days of active and repaid loans in the Organization over the last three years preceding the time of application <= 7 days	1. It is necessary to be credited at least once in the required amount
2. Total days of validity of active or repaid loans in the Organization over the last three years preceding the time of application > = 360 days	2. Total days of validity of active or repaid loans in the Organization over the last three years preceding the time of application > = 360 days	2. Over the last two days preceding the time of application ü Duration of validity of active or repaid loans >= 271 days ü The sum of expired days= 0 օր
3. The classes of loan risks mentioned in point 1 and 2 are classified only under “Standard” risks	3. The classes of loan risks mentioned in point 1 and 2 are classified only under “Standard” risks	3. Has never been classified as “Suspicious” or “Unreliable”

OTHER TERMS

Introduction

1. The pledge is assessed according to the gold rating scale.

2. The loan interest and service fees are calculated in relation to the actual loan balance.

3. The loan is provided in cash, in lump sum.

4. Required documents:

Ø Identification document

5. The loan is provided in all branches of the Organization.

6. Factors for a positive decision to provide loan are the following:

Ø Compliance of the Borrower and Pledge to the requirements set forth in this document.

7. The factors for rejecting the loan are the following:

Ø Incompliance of the Borrwer and/ or Plegde to the requirements set forth in this document.

9. In case of full repayment of the loan, the gold items pledged for the given loan shall be returned to the pledgor at least on the day following the repayment date.

DOCUMENTS

Tariffs

Power of Attorney.

updated on 26/05/2022, 12:00

Կայքը գտնվում է վերափոխման փուլում

Jewelry pledge loans

JEWELRY PLEDGE LOANS

24%

500.000.000 Դ

60 months

15 min

Introduction

JEWELRY PLEDGE LOANS

24% 500.000.000 ֏ 60months 15minutes

Introduction

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