"Lombardstreet" company was founded in 2000 as a limited liability company. The goal of the company is to provide quality services in the financial market of the Republic of Armenia,wich are aimed at making available fast and convenient loans to the citizens of the Republic of Armenia. The mission of the company is to build borrower- lender relations in the armenian financial market, to develop on the basis of mutual trust and honesty , which will contribute to the establishment of long-term mutually beneficial relations.
The items pledged by you are valued at high valuation values. In case of gold pledge, 100% of the estimated value is provided. You do not pay for gold valuation, maintenance, insurance. You do not pay for service, cash, provision or other fees. You do not pay penalties and fines for overdue loan liability. You have the opportunity at any time, if you do not have interest debt, to make partial repayments without restrictions, without penalties and fines, the interest will be calculated on the balance.
The items pledged by you are valued at high valuation values. In case of gold pledge, 100% of the estimated value is provided.You do not pay for gold valuation, maintenance, insurance. You do not pay for service, cash, provision or other fees. You pay only the interest on the actual loan.
You have the opportunity at any time, if you do not have interest debt, to make partial repayments without restrictions, without penalties and fines, the interest will be calculated on the balance.
You do not pay penalties and fines for overdue loan liability
Pawnshop now exist all over the world. The existence of a pawnshop allows the general public to meet their demand for money quickly and easily. And finally, the existence of a pawnshop allows to bring the lender-borrower relationship into the legal field, to regulate and to control. Otherwise, as experience shows, as the lender-borrower relationship is formed, the prohibition of such activity can never eliminate the existence of such a relationship,but creat black or unregulated market, where there are many risks for the lender-borrower,but the risks posed to the lender -borrower are entirely on the shoulders of the borrower, ultimately raising the cost of lending to the borrower. It is very important to understand the essence of the lender's income from such activities, because the income he receives is the interest, which is essentially nothing if not the difference between today's and tomorrow's money, always the money or property that can be bought with money. , today is more expensive than tomorrow. The difference between the value of this money և tomorrow is the interest. The term "Lombard" originated in the Lombardy region of Italy, centered in Milan. In the past, Lombards used to provide interest-bearing loans. They became so powerful that in the 15th century they were able to bribe King Louis XIV of France to buy a monopoly on loans in France. As a result, everyone knew that in order to get loans, it was necessary to go to a pawnshop. Hence, the term lombard was first used in France and then throughout continental Europe, which was associated with borrowing. Pawnshops spread their activites in England, where in central London, next to the Royal Bank of England, on the Royal Stock Exchange, there is still Lombard Street, where the houses of lombards, which were engaged in credit activities, were located. At the beginning of that street are the cafes of Lloyd and Jonathan, from the first of which started the development of the insurance and from the second - the stock exchange trading