Refinancing loans secured with real property

Annual interest rate

Armenian dram: Interest rate stipulated by point 3 of the Tariffs for “Consumer loan” secured with real estate– 1 percentage point / US dollar/EUR: Interest rate stipulated by point 3 of the Tariffs for “Consumer loan” secured with real estate– 0.5 percentage point

Target group

2.1. Transfer of existing liability/liabilities secured with movable or immovable property and served at other banks/credit organizations for at least 18 months, with the possibility to increase the amount. 2.2. crediting of those clients, who had loans secured with real estate and served at other banks/credit organizations for at least 18 months, the final repayment of which was during 6 months preceding the application. 2.3. crediting of those clients, who had loans secured with real estate and served at the Bank for at least 18 months, the final repayment of which was during 6 months preceding the application. In cases stipulated by points 2.1, 2.2 and 2.3 of these terms: 1) Re-financing can be effected on the name of parties affiliated with the borrower. According to these terms the affiliated party means father, mother, children, spouse, sibling of the borrower. Moreover, the Bank has the right to request a document confirming such affiliation (such document includes marriage certificate, birth certificate, etc.). 2) “loan served at least 18 months” can be understood the aggregate sum of the terms of service in different banks/credit organizations. 3) in the event of transferring the loan within 30 days after taking the decision on approval of the extension of the loan the Client may repay the loan to be transferred on his own means and transfer the loan without the subsequent collateral.

Other requirements

- In cases stipulated by points 2.1, 2.2 and 2.3 of these terms. - In cases stipulated by clause 2.1 hereof number of past due days of the Client’s loans during the most recent 24 months preceding the date of application should not exceed 50 days and aggregate on transferred loan – 10 days. - In cases stipulated by clauses 2.2 and 2.3 hereof aggregate past due days on repaid loan secured with real property during the most recent 24 months of loan service should not exceed 20 days. - transferred loans during the most recent 3 months preceding the application date should be classified as “Standard”

Loan disbursement fee (single)

Not applicable

Monthly service fee

Not applicable

Costs for executing pledge

Costs to be borne by the Bank for executing the pledge for loans exceeding AMD 4 000 000/equal foreign currency. - Collateral appraisal fee (appraisal is not required if the property is pledged at the Bank was appraised during the most recent 12 months , or other banks/financial organizations during the most recent 6 months preceding the application date by one of the appraising companies – partners of the Bank). - cost for unified reference issued by the Real estate Cadastre State Committee of the RA Government *, - Cost for notarization of real estate, subject of collateral.- Fee for registration of the title of the Bank resulted from the pledge agreement in the state competent authority. In the case of execution of the cost for unified reference issued by the Real estate Cadastre State Committee of the RA Government and the fee for registration of the title of the Bank resulted from the pledge agreement in the state competent authority through ARPIS software applicable by the Bank, no cost for the reference shall be charged. The abovementioned pledge related costs may be borne either by the client or by the Bank. Moreover, in the event the costs are borne by the Bank, provided that the client fully repays the loan before the maturity within 24 months following the transfer, the borrower will repay the costs provided by this clause borne by the Bank.