Gold Secured Loans

Gold Secured Loans

Apply for gold secured loans in Inecobank’s branches within several minutes by choosing the most convenient option that takes into consideration your financial needs.

Loan Amount
AMD 50 000 - 5 000 000 AMD

The maximum loan amount is determined based on the client's credit risk assessment
Maturity term
  • Differentiated repayment: 12 months
  • Annuity: 24, 36, 48, 60 months 

Annual nominal interest rate

  • 14%: for 12 months term, non-equal portion loan repayment schedule 
  • 14% for 24 and 36 months term, equal portion loan repayment schedule 
  • 15%: for 48 and 60 months,  equal portion loan repayment schedule

ATTENTION: The nominal interest rate on this loan may be changed by the Bank.



Annual percentage rate
  • 14.93%: for 12 months term, non-equal portion loan repayment schedule 
  • 14.93%for 24 and 36 months term, equal portion loan repayment schedule 
  • 16.08%: for 48 and 60 months, equal portion loan repayment schedule

ATTENTION: Loan interest rate is calculated based on the nominal interest rate, whereas the annual percentage rate indicates how much the loan would cost in case of repayment of interest amount and other payments under the defined timeline and terms. For more information please refer to the "Annual Interest Rate Calculation Guide

Interest calculation procedure
The interest rate is applied to the deductible balance of the loan based on the calculation of 365 days a year

Maximum LTV ratio

150%** depending on the customer's credit risk assessment

**In case of new loans with non-equal repayment schedule, if the LTV ratio is more than 95%, the amount exceeding 95% shall be provided on the following terms

Loan term: the new loan term

Repayment: monthly interest and principal payment

Additional one-time account service fee: N/A

Other terms: according to these tariffs

Repayment method:
  • One-month payment of interest, the principal is charged at the end of loan maturity period. 
  • Interest and principal amount are charged on monthly basis
Early repayment penalty
No applicable

Repayment of overdue liabilities

For each delayed day, a 0.13% 

 is applied on the overdue amount.
Disbursement place
GOLD SECURED LOANS ARE PROVIDED IN THE FOLLOWING BRANCHES OF THE BANK: NOR NORK, MALATIA, SHENGAVIT, EREBUNI, TIGRAN METS, AJAPNYAK, DAVTASHEN, ZEYTUN, GYUMRI, ABOVYAN, ASHTARAK, LORI, ARTASHAT, VANADZOR.

Security

Gold items (jewels, scrap, bars) except for white gold

Loan disbursement method

Lump-sum, cash and non-cash (through the customer’s account opened in the Bank)
Your financial informant
"YOUR FINANCIAL INFORMANT" www.fininfօ.am, IS AN ELECTRONIC SYSTEM THAT GIVES INDIVIDUALS THE OPPORTUNITY TO SEARCH FOR THE NECESSARY FINANCIAL SERVICE ON A COMMON PLATFORM, COMPARING THE TERMS OH THE OFFERED SERVICES

Updated as of 25.06.2024 10:12