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Loan with pledge of gold

Campaign for issuance of loans secured with pledge of gold and credit cards with non-revolving limit

The campaign is valid from May 2, 2019 to July 31, 2019, inclusive.

Terms and conditions of the loans secured with pledge of gold and credit cards with non-revolving limit, issued within the framework of the campaign:

Principal and interest repayment Maturity
Loan/collateral Annual nominal interest rate
Lump-sum issuance fee Maximum amount /inclusive/, AMD or equivalent in foreign currency*
AMD USD Euro
Annuity repayment 6-36 month Up to 110% 12% 9% 8% 0.9% 5,000,000
110-130% inclusive 13% 10% 9% 3,000,000
130-150% inclusive 15% 12% 11% 2,000,000
Repayment of the loan interest amount every month and the principal loan amount - at the end of the maturity term 3-6 month 100% 14% 11% 10% 3,000,000
100-120% inclusive 16% 13% 12% 2,000,000

Requirements towards borrowers

RA resident private individuals who, at the time of applying for the loan:

  1.  shall have no overdue loan/s/
  2.  in case of loans issued with loan/collateral ratio of 131-150%, shall not have delays in repayment of the serviced loans for a total of 10 and more days within the last 12 months preceding the date of applying for the loan and shall not have loan/s/ classified under a class higher than standard
  3.  in case of loans issued with loan/collateral ratio of 100-130%, shall not have delays in repayment of the serviced loans for a total of 20 and more days within the last 12 months preceding the date of applying for the loan
  4.  in case of loans disbursed by the option of monthly repayment of the interest and repayment of the principal amount at the end of the maturity term (loans with the loan/collateral ratio not exceeding100%) shall not have delays in repayment of the serviced loans for a total of 30 and more days within the last 12 months preceding the date of applying for the loan

* Those Bank customers who:

  •  serviced a loan of any type at Converse Bank CJSC for minimum 3 months during the last 4 years; and/or
  •  have been getting their salaries with an account opened at Converse Bank CJSC within the framework of payroll projects, for a minimum period of the last three months.

Other conditions: At the time of loan disbursement, sending an inquiry regarding the customer to ACRA is mandatory.

1The restrictions do not apply to guarantees
* The specified amount refers to the gross balance of the loans issued to 1 customer within the framework of the Campaign
** If ACRA inquiry results in the information that the customer has more than 5 current loans at other banks, with the loan/collateral ratio exceeding 100%, then the customer cannot take part in this campaign.
*** The maximum total amount of the balances of loans issued in the name of one customer within the framework of the campaign is AMD 5 mln. /its equivalent in foreign currency/. If, at the time of applying for the loan within the framework of the Campaign there is a loan /are loans/ secured with pledge of gold in the borrower's name at the Bank, the balance/s/ of which at the time of applying for the loan exceeds 100% (taking as a basis the value of the collateral item/s/ at the time of disbursement of the loan/s/, then the specified amount (5 mln) is reduced by the total sum of the balance/s/ of that loan/s/.