Loans are provided only in case of gold collateral.
ATTENTION: The Borrower can repay the Loan early and receive the collateral, in which case no sanction is applied to him.
In case of non-fulfillment or improper fulfillment of the contract concluded between the Bank and the Borrower, the Bank shall notify the Borrower in writing, in a proper manner, of the confiscation of the Collateral without going to court.
If the amount received from the realization of the subject of Pledge is not sufficient to satisfy the Bank's requirements, the Bank has the right to receive the less amount from other property of the Borrower. The Bank's claims at the expense of the subject of the pledge are satisfied by the court's decision, if the subject of the pledge has been arrested or restrained by the competent state authorities or in other cases provided for by law.
The duration of the process of realization of the object of pledge cannot be the basis for the termination of the increase of the Borrower's obligations towards the Bank under the Agreement. At the same time, all claims of the Bank as of the date of sale are repaid in full at the expense of the sale amount of the subject of Pledge.
WARNING:
In case of non-payment of interest and loan repayments on time, negative information about the borrower will be recorded in the credit register.
In case of non-fulfillment or improper fulfillment of the credit obligations assumed by the loan agreement within the specified terms and order, all the obligations assumed to the bank are repaid as a security measure at the expense of the funds generated as a result of the confiscation and sale of the pledged property.
In case of non-fulfillment of credit obligations, the subject of collateral, and in case of its insufficiency, also other property of the borrower, can be seized and realized extrajudicially or judicially, both through direct sale and public bidding.
