Real estate pledge loans 

Loan purpose Consumer
Consumer  Consumer loans are provided to  RA resident and non-resident individuals (from 18 to 65 years old),
Loan term      Maximum 60 months
Loan amount From 100,000 AMD to 20,000,000 AMD
Age of the creditor    from 18 to 65 years old
Loan annual interest rate   18%
Loan interests and service fees calculation method Applied on the actual(non-overdue) balance of loan
Loan providing method In cash, lump sum or in phases 
Collateral      
  • Acquired real estate,
  • Additional property can be required by company as an additional collateral.
Acceptable areas of the collateral** Administrative areas of Yerevan(except for Sari Tagh, Kond, Aeratsia and priority considered areas), surrounding areas of Yerevan (From Yerevan to Abovyan, from Yerevan to Ashtarak), Abovyan, Hrazdan, Tsakhkadzor, Ashtarak(Mughni, Karpi, Parpi, Ohanavan), Ararat, Echmiadzin, Armavir, Artashat, Masis, Dilijan, Gyumri, Vanadzor, Goris, Kapan.
**Categories include main areas acceptable for the company and other areas can be added in each category.
Loan to collateral value maximum ratio

Maximum up to 60% of  liquid value of collateral  

Collateral  appraisal  

The collateral should be appraised by the licensed independent appraisal company cooperating with Fast Credit Capital UCO CJSC and/or by the company employee.

 The appraisal by the employee of the organization is free of charge.

Surety (if needed) A legal or physical entity , who the contract of suretyship is signed with and that is jointly and severally liable with the Creditor to the Organization for preformance of obligations of the Creditor (the Credit, the calculated interest, commissions, penalties, fines etc.)
Payment of principal, interests and service fee    Monthly
Payments
  • Principal amount:  equally (annuity)
  • Interest :  declining (if any)*
Other additional services provided by third parties* 
  • Joint certificate:10,000-22,000 AMD,
  • Collateral notarization fee:16,000-20,000AMD,
  • Collateral registration state fee:26,000 AMD.
*The amount of other additional services provided by third parties can be changed by third parties.
Maximum period to make a decision about the loan application and notifying the customer 7 days
Positive decision and the loan rejection factors Loans are provided to the individuals, who do not have any overdue obligations by the time of applying or the summary overdue obligation days during the previous 12 months before applying doesn’t exceed 60.
Maximum period to make a decision about the loan application and notifying the customer 7 days 
Loan provision term  During 1 business day after providing all requested documents
Overdue principal amount penalty   0,1% daily
Overdue interest penalty      0,2% daily
In case of security amount inflation, the borrower, if does not pawn a new property in a month, should pay the penalty  5% of credit balance, lump sum 
Loan provision term
Loan providing branches  
ATTENTION 
  • CREDIT INTERESTS ARE CALCULATED BASED ON NOMINAL INTEREST RATES. ANNUAL PERCENTAGE RATE SHOWS HOW MUCH THE CREDIT WILL COST FOR YOU, IF INTERESTS AND OTHER PAYMENTS ARE PAID IN PREDETERMINED TIME PERIOD AND IN PREDETERMINED SIZE. PROCEDURE ON CALCULATION OF ANNUAL PERCENTAGE RATE COULD BE FOUND IN REGULATION 8/01 OF CENTRAL BANK OF RA.
  • YOU CAN MAKE YOUR CREDIT PAYMENTS IN ALL BRANCHES OF FAST CREDIT CAPITAL.
WARNING
  • IF YOU DO NOT MAKE REPAYMENTS OF INTERESTS AND PRINCIPAL AMOUNT ON TIME, THE INFORMATION ON YOU WILL BE REGISTERED IN CREDIT REGISTER.  
  • YOUR PROPERTY(house, car and other) MAY BE SEIZURED AS STIPULATED BY LAW IF YOU DO NOT MAKE REPAYMENTS OF INTERESTS AND PRINCIPAL AMOUNT ON TIME.
  • IN CASE THE CREDITOR FAILS TO ACCOMPLISH THE LOAN LIABILITIES ARE COVERD BY THE COLLATERAL AND ITS VALUE IS NOT SUFFICIENT FOR COVERING THE WHOLE LIABILITY, THE COMPANY CAN COVER IT BY YOUR OTHER PROPERTY.