Smart Credit UCO LLC - Personal loans, car loans, mortgage, gold loans

terms

Loan Purpose	Car Acquisition
Currency	AMD
Loan amount	AMD 1,000,000-10,000,000
Loan Term	6-60 months
Loan-Collateral ratio	up to 80%
Annual Interest Rate	22%
Annual Percentage Rate	27,73%-50,03% (Depending on car price and loan amount)
Car production year	2005 and higher
Օne-time commission	2% from Loan Amount, at least AMD 30,000
Monthly service charge	0.1% from Loan Amount, at least AMD 7,500
Fines	Overdue amount fine - 0.13% daily, overdue interest fine - 0.13% daily
Other expenses	CASCO insurance throughout the loan term - 2.5% of car's estimated market value
Loan Disbursement method	Cash and Non-cash
Loan and interest repayment method	Annuity
Frequency of repayment of principal and interest	Monthly
Loan security	- Pledged Car (Purchased Car) - Third party guarantee (if needed)
Loan refusal reasons	- the existence of another overdue loan at the time of application; - negative credit history, - insufficient income to repay the loan; - provision of unreliable information; - being declared bankrupt, - risky sphere of customer's source of income; - transactions between members of the same family.
Maximum period of making a decision	1 business day
Loan Disbursement period	1-3 business days
Rejection of application	Applicants who do not meet the software requirements or the customer's creditworthiness does not suffice the Organization, for which the Organization may grant written refusal at the client's request.
ATTENTION	LOAN INTEREST RATES ARE CALCULATED ON ANNUAL INTEREST RATES. ANNUAL PERCENTAGE RATE SHOWS HOW MUCH THE LOAN WILL COST IF YOU MAKE PAYMENTS FOR INTEREST RATES AND OTHER PAYMENTS IN TIME.
WARNING	YOUR PROPERTY CAN BE RECOVERED IF YOU DON'T PAY FOR INTEREST RATES AND LOAN AMOUNT IN TIME, THE INFORMATION ABOUT YOU WILL BE REPORTED TO THE CREDIT REGISTER. IF THE BORROWER FAILS TO COMPLY WITH HIS/HER/ITS OBLIGATIONS, AND IF THE PLEDGE IS NOT SUFFICIENT TO COVER THE BORROWER'S LIABILITIES, THE BORROWER’S LIABILITIES MAY BE FULFILLED AT THE EXPENSE OF HIS/HER/ITS OTHER PROPERTIES. YOU HAVE THE RIGHT TO COMMUNICATE WITH YOUR FINANCIAL ORGANIZATION WITH MAIL OR ELECTRONIC MAIL. GETTING ELECTRONIC MAIL IS THE MOST CONVENIENT WAY OF COMMUNICATION. IT IS AVAILABLE IN 24/7 REGIME, IS FREE OF PAPER INFORMATION LOSS RISKS AND PROVIDES SECRECY.
ATTENTION	WHEN APPLYING FOR A LOAN, THE ORGANIZATION WILL PROVIDE YOU WITH AN INDIVIDUAL LEAFLET ON THE ESSENTIAL TERMS OF THE CONSUMER LOAN, WHERE THE INDIVIDUAL TERMS OF THE LOAN TO BE PROVIDED WILL BE PRESENTED.
ATTENTION	"YOUR FINANCIAL DIRECTORY" IS AN ELECTRONIC SYSTEM THAT SEARCHES, COMPARES AND FACILITATES THE CHOICE OF THE MOST EFFICIENT VERSION OF SERVICES SUGGESTED TO PHYSICAL PERSONS. https://www.fininfo.am/finhelper/index.php?type=consumer&credtype=car
ATTENTION	LOAN INTEREST RATES ARE CALCULATED ON ANNUAL INTEREST RATES. ANNUAL PERCENTAGE RATE SHOWS HOW MUCH THE LOAN WILL COST IF YOU MAKE PAYMENTS FOR INTEREST RATES AND OTHER PAYMENTS IN TIME. THE CALCULATION METHOD OF ANNUAL PERCENTAGE RATE CAN BE FOUND HERE: https://smartcredit.am/en/annual-effective-rate
ATTENTION	IF YOUR OBLIGATION IS NOT FULFILLED OR NOT PROPERLY FULFILLED, THE ORGANIZATION 3 BUSINESS DAYS LATER SENDS THIS DATA TO THE CREDIT BUREAU WHERE YOUR CREDIT HISTORY IS FORMED. YOU HAVE THE RIGHT TO GET YOUR CREDIT HISTORY FROM THE CREDIT BUREAU FREE OF CHARGE ONCE A YEAR.
ATTENTION	POOR CREDIT HISTORY CAN PREVENT YOU FROM GETTING A LOAN IN THE FUTURE. THE CREDITOR HAS THE RIGHT TO PERFORM (FULFILL) HIS/HER/ITS OBLIGATIONS UNDER THIS AGREEMENT ANY TIME BEFORE THE TERM. IN THAT CASE, AS WELL AS IN THE CASE OF EARLY REPAYMENT OF THE LOAN AMOUNT, THE TOTAL LOAN EXPENDITURE IS PROPORTIONALLY REDUCED AND NO SANCTIONS CAN BE APPLIED (FINES OR ANY OTHER MEANS WORSENING BORROWER'S STANDING). OF THE TOTAL LOAN EXPENDITURE, THE FOLLOWING COSTS SHALL NOT BE SUBJECT TO THE PROPORTIONAL REDUCTION, INSURANCE FEES, LOAN DISBURSEMENT ONE-OFF FEE, LOAN WITHDRAWAL FEES, LOAN SERVICE FEES. THE CREDITOR MAY BENEFIT FROM THE ABOVE-MENTIONED RIGHT IN CASE OF CONSUMER CREDIT IN THE AMOUNT OF UP TO AMD 15 MLN.

Required documents

PASSPORT AND SOCIAL SECURITY CARD, OR ID CARD

TECHNICAL PASSPORT OF THE VEHICLE

VEHICLE OWNERSHIP CERTIFICATE

EVALUATION ACT

INSURANCE POLICY

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