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

terms

Loan Purpose	for purchase, renovation and construction of real estate
Currency	AMD, USD, EUR
Loan amount	AMD 5,000,000-50,000,000
Loan Term	from 12 to 120 months
Annual Interest Rate	AMD – starting from 18%
Loan-Collateral ratio on the market value of the property	up to 80% in Yerevan
Loan Disbursement Method	Cash and Non-Cash
Annual Percentage Rate	13,07%-23,90%
Advance payment	starting from 20%
Monthly service charge	0.1% from Loan Amount, at least AMD 5,000
Withdrawal charge	0.3% for loans in AMD
Payment method	Annuity
Frequency of repayment of principal and interest	On monthly basis
Fines	Overdue amount fine - 0.13% daily, overdue interest fine - 0.13% daily
State duties and other expenses	Unified certificate - starting from AMD 10,000
Property insurance fee	0,15%-0,2% from the evaluated market value
Loan Security	Acquired, renovated, under construction or other real estate
Surety	If necessary, sureties of individuals and / or legal entities may also be required.
Insurance	The real estate is insured every year at the estimated market value of the real estate (see the list of insurers)
Requirements for the borrower	Residents of Armenia who are 21 years old or over and will not be 70 years old during the term of the loan
Loan refusal reasons
Maximum period of making a decision	1-3 business days after presentation of required documents
Loan Disbursement period	1 business day after the registration of appropriate state registrations
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.
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

CERTIFICATE OF OWNERSHIP

GROUNDS FOR THE ORIGIN OF OWNERSHIP OF PROPERTY

other loans

Consumer loans

Car loans

Renovation Loan

other loans