The collateral pledged in the organization is returned only to the pledgor, the collateral is provided to other entity than the borrower who is granted a power of attorney by the RA law(i.e. notarized power of attorney) has a copy of the pledgor's identification document and the identification document of the person(authorized) receiving the pledge.
To withdraw (terminate the pledge right) the pledged property(gold, vehicle) only presenting the identification document of the pledgor is obligatory , the contract of pledge is not obligatory but desirable.
You can have currency exchange in any of the 24/7 branches of our organization and on working hours of other branches and service center of head office.
The 24/7 branches of our organization are:
Non all day working branches are:
As there is a joint payment system in Fast Credit you can make your payments on your obligations in any of our branches no matter in which branch you got your loan.
Fast Credit gives a unique opportunity to its customers by its 24/7 branches to take loans with gold pledge and make payments on their obligations. in case of making a payment on the date of pointed in the loan obligations' schedule in our 24/7 branch by 23:50 your payments obligations will not be classified as overdue(belated).
In order to get back the pledged jewelry(gold) in Fast Credit, you need:
1. to give the assignment of preparing the return of the pledge in advance in the branch, where you got and where your jewelry is
2. to show up in the branch with identification document in the indicated period of time to get your jewelry.
The pledge is returned only to the pledgor or to the entity authorized by power of attorney, with identification document and the copy of the identification document of the authorized person.
There is no specified minimum weight of pledged gold by the organization, but the minimum amount of jewelry pledged loan must be 5,000 AMD. As the organization provides 100% estimated value of the pledged jewelry, so if 1g of the is estimated 5,000 AMD or more it can be pledged.
If the pledged vehicle remains under the ownership of the organization the insurance of the vehicle is not required.
Land is not admissible for the organization except for the land in Yerevan of social importance, that are in a beneficial location for doing business
Even 1(one) day delay is registered in credit history.
There is no any operation on providing loan on difference between the estimated value and the loan, instead, you can repay your loan and get a new loan of 100% value of the appraised value.
The pledged items are returned to the pledgor only in full package.
The cars of loans with vehicle pledge under the ownership of the organization are parked in specially protected parking space.