+374 10 510 000
+374 43 510 003
Կայքը գտնվում է վերափոխման փուլում
JEWELRY PLEDGE AGRICULTURAL LOANS
10% 800.000 $ 60months 15minutes
Nominal interest Loan Loan for providing
rate amount term a loan
updated 01-05-2022, 16:00
|
|
Standard Standard annuity
|
Grace (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 |
not defined |
up to 5 months |
not defined |
||
|
Loan currency |
AMD |
|||||
|
Payments |
Free repayment schedule |
Annuity |
Free repayment schedule |
Annuity |
Annuity |
|
|
Annual nominal interest rate |
10% |
|||||
|
Loan amount |
80-800,000 USD |
80-1600 USD |
80-4400 USD |
80-3000 USD |
||
|
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 service fee |
Not charged |
|||||
|
Loan Provision Fee |
Not charged |
|||||
|
Creditor |
· RA resident and non-resident individualsover 18 years of age · In case of +50% credit- Armenian citizens aged 23-60 years |
|||||
|
Required Documents |
If registered in a rural area:
If not registered in a rural area:
|
|||||
|
For lending purposes up to a maximum of 130% of the value of the collateral, Class ''A'' clients must meet the following minimum requirements. |
For lending purposes up to a maximum of 110% of the value of the collateral, Class ''B'' clients must meet the following minimum requirements. |
To provide up to 150% of the assessed value of the collateral, the client must simultaneously meet the following minimum requirements. |
||||
|
· Over the past three years the gross overdue days for operating and repaid loans at the time of application should be 0 |
· Over the past three years the gross overdue days for operating and repaid loans at the time of application should be >=7, |
· It is essential that the Borrower has ever been loaned at least the amount required |
||||
|
· Over the past three years the total days of the operating and repaid loans at the time of application should be >= 360 days |
· Over the past three years the total days of the operating and repaid loans at the time of application should be >= 360 days |
· At the time of application in the last two years: · days overdue = 0 days |
||||
|
· Over the past three years the risk class of operating and repaid loans should be "Standard". |
· Over the past three years the risk class of operating and repaid loans should be "Standard". |
· Never qualified as "Suspicious" or "Unreliable" |
||||
IntroductionØ 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 4,400 USD. 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 11,000 USD. 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 2,800 USD. 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. The loan is provided in all branches of the Organization. 5. 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. 6. 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. 7. 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. 8. 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. 9. 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. 10.Changes in foreign exchange rates can affect loan repayments as well as the actual annual interest rate. 11. The basis for calculating the interest rates on foreign currency loans (if available, service fees, fines, penalties), as well as the actual annual interest rate, is the current exchange rate set by the Central Bank of the Republic of Armenia. 12. 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. 13.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. 14.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. 15.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). 16.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. |
JEWELRY PLEDGE AGRICULTURAL LOANS
10%
Nominal interest rate
800.000$
Loan amount
60 months
Loan term
15 min
for providing a loan
updated 01-05-2022, 16:00
|
|
Standard Standard annuity
|
Grace (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 |
not defined |
up to 5 months |
not defined |
||
|
Loan currency |
AMD |
|||||
|
Payments |
Free repayment schedule |
Annuity |
Free repayment schedule |
Annuity |
Annuity |
|
|
Annual nominal interest rate |
10% |
|||||
|
Loan amount |
80-800,000 USD |
80-1600 USD |
80-4400 USD |
80-3000 USD |
||
|
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 service fee |
Not charged |
|||||
|
Loan Provision Fee |
Not charged |
|||||
|
Creditor |
· RA resident and non-resident individualsover 18 years of age · In case of +50% credit- Armenian citizens aged 23-60 years |
|||||
|
Required Documents |
If registered in a rural area:
If not registered in a rural area:
|
|||||
|
For lending purposes up to a maximum of 130% of the value of the collateral, Class ''A'' clients must meet the following minimum requirements. |
For lending purposes up to a maximum of 110% of the value of the collateral, Class ''B'' clients must meet the following minimum requirements. |
To provide up to 150% of the assessed value of the collateral, the client must simultaneously meet the following minimum requirements. |
||||
|
· Over the past three years the gross overdue days for operating and repaid loans at the time of application should be 0 |
· Over the past three years the gross overdue days for operating and repaid loans at the time of application should be >=7, |
· It is essential that the Borrower has ever been loaned at least the amount required |
||||
|
· Over the past three years the total days of the operating and repaid loans at the time of application should be >= 360 days |
· Over the past three years the total days of the operating and repaid loans at the time of application should be >= 360 days |
· At the time of application in the last two years: · days overdue = 0 days |
||||
|
· Over the past three years the risk class of operating and repaid loans should be "Standard". |
· Over the past three years the risk class of operating and repaid loans should be "Standard". |
· Never qualified as "Suspicious" or "Unreliable" |
||||
IntroductionØ 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 4,400 USD. 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 11,000 USD. 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 2,800 USD. 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. The loan is provided in all branches of the Organization. 5. 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. 6. 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. 7. 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. 8. 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. 9. 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. 10.Changes in foreign exchange rates can affect loan repayments as well as the actual annual interest rate. 11. The basis for calculating the interest rates on foreign currency loans (if available, service fees, fines, penalties), as well as the actual annual interest rate, is the current exchange rate set by the Central Bank of the Republic of Armenia. 12. 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. 13.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. 14.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. 15.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). 16.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. |
updated on 01/05/2022, 16:00