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Converse Bank improves conditions of gold-backed loans

 Friday 10 February 2017
Photo: Mediamax

Converse Bank improved the conditions of disbursement of AMD loans secured with pledge of gold and provision of foreign currency credit cards with non-revolving limit.

“We are improving the conditions of lending with pledge of gold, making an unprecedented offer. Namely, within the framework of the promotion, Converse Bank prolongs the loan maturity up to 36 months. Loans are provided at an annual interest rate starting from 8%, for an amount of up to 130% of the evaluated price of gold,” the message reads.

The bank remarked that the changes apply to the bank’s existing customers as well.

The promotion will be in force from February 8 to March 31 inclusive.

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