Property-Secured Loan Refinancing

Nominal annual interest rate

Current interest rate of the loan, reduced by up to 2 percentage points (in case of loan refinancing in the same currency) but no less than 15.5%

IDcoin

1% of the amount of refinancing IDcoin

The opportunity to receive IDcoin is provided until the 5th business day of the month following the date of receipt of the loan. The amount of idcoin to be actually received is determined based on the reduction of taxes payable in accordance with the legislation of the Republic of Armenia in case of their full use. A mobile phone number registered at the bank is used to provide the opportunity to receive IDcoin. However, if the bank does not have a registered phone number or it is incomplete, the opportunity to receive an IDcoin is not provided. The rules for the provision and use of IDcoin are presented at the following link.

Type of the interest rate

Fixed interest rate for the first 24 months and floating interest rate starting from the 25th month

Maximum loan amount

The contractual amount of the client's current loan + an additional amount of maximum 30% Maximum and minimum amounts according to clause 8 and clause 9 of these terms and conditions

Maximum loan term

Contractual maturity of the client's current loan + 30% extension of maturity date

The minimum term of the loan shall be at least 36 months, and the maximum term shall not exceed 180 months

Effective annual interest rate

From 16.6%

Target group of borrowers

In cases stipulated by clauses 55.1 and 55.2 of these terms and conditions:

1) Loans can be refinanced to persons affiliated with the borrower. For the purposes of these terms and conditions, an affiliated person is father, mother, child, spouse, sister, brother of the borrower. In this case, the Bank may require a document certifying the kinship (marriage certificate, birth certificate, etc.),

2) the total of loan service terms in different banks/lending organizationd can be considered as a "loan serviced for at least 12 months",

3) in the case of transferable loans - within 30 days after the decisipon on loan disbursement, the client can repay the transferred loan with his/her own funds and transfer it without subsequent collateral.

Other requirements

- Total amount of overdue days on the client's loans during the last 24 months preceding the submission of the loan application should not exceed 50 days, and for the transferred loans - 10 overdue days,

- loans transferred during the last 3 months preceding the date of application must be classified as "standard" loans

Loan application processing fee

NE

One-off loan disbursement fee

NE

Monthly loan service fee

NE

Pledge-related expenses

In the case of loans in the amount of AMD 4,000,001 or more, the Bank shall pay the following pledgerelated expenses:

- Appraisal fee (no appraisal is required if the subject of pledge has already been mortgaged in the Bank and appraised within 12 months prior to the submission of the application, and in the case of mortgages in other banks/lending organizations - during the previous 6 months - by appraisal companies cooperating with the bank),

- Fixed fee for a Unified Reference issued by the State Committee of the Real Estate Cadastre adjunct to the Government of the Republic of Armenia*,

- Notarial certification fee for the real estate, which is a subject of pledge,

- Registration fee for the Bank's right arising from the pledge agreement with the state competent authority*

* The fee for a Unified Reference issued by the State Committee of the Real Estate Cadastre adjunct to the Government of the Republic of Armenia and the fee for registration of the Bank's right arising from the Pledge Agreement, in case of registration through the ARPIS program operating in the Bank, shall not be charged.

If the pledge-related expenses are covered by the Bank, and the borrower repays the loan in full ahead of the schedule within 24 months following the transfer, the borrower reimburses the expenses (including IDcoins) incurred by the Bank specified in this clause.

Information regarding credit history and credit score

You can learn about the importance of credit history and credit score here․

Details via abcfinance.am and acra.am links.

1

ATTENTION: INTEREST PAYMENTS ARE CALCULATED BASED ON THE NOMINAL INTEREST RATE. THE ANNUAL EFFECTIVE PERCENTAGE RATE INDICATES THE TOTAL COST OF THE LOAN TO YOU, INCLUDING INTEREST PAYMENTS AND ALL MANDATORY FEES RELATED TO THE ISSUANCE AND SERVICING OF THE LOAN, PROVIDED THAT ALL PAYMENTS ARE MADE IN THE AMOUNTS AND WITHIN THE TIMEFRAMES SPECIFIED IN THE LOAN AGREEMENT.

2

THE PROCEDURE FOR CALCULATING THE ANNUAL EFFECTIVE PERCENTAGE RATE IS PRESENTED WITH THIS LINK.

3

The Bank has the right to unilaterally amend the material terms of the loan, including the loan interest rate, or to require early partial or full repayment։ RULES FOR LENDING UNDER MASTER LOAN AGREEMENT CONCLUDED WITH “ID BANK” CJSC

4

A POOR CREDIT HISTORY MAY HINDER THE CUSTOMER’S ABILITY TO OBTAIN A LOAN IN THE FUTURE.

5

IN THE EVENT OF OVERDUE OBLIGATIONS, REPAYMENTS SHALL BE APPLIED IN THE FOLLOWING ORDER: EXPENSES INCURRED FOR DEBT RECOVERY, INCLUDING COURT COSTS (IF ANY), PENALTIES ON INTEREST, PENALTIES ON THE LOAN PRINCIPAL, INTEREST, SERVICE FEES AND COMMISSIONS (IF ANY), AND THE LOAN PRINCIPAL. THE BANK RESERVES THE RIGHT TO UNILATERALLY CHANGE THE ORDER OF REPAYMENT SPECIFIED IN THIS CLAUSE AT ANY TIME.

6

Disputes arising between the parties may be resolved through the courts or through the Financial System Mediator (in accordance with the procedure established by the RA Law on the Financial System Mediator), address: 15 M. Khorenatsi Street, Elite Plaza Business Center, 7th Floor, Yerevan 0010, Republic of Armenia, e-mail: [email protected], telephone: (+37460) 70-11-11, fax: (+37410) 58 24 21. Furthermore, if the amount of the property claim does not exceed AMD 250,000 (two hundred fifty thousand) or its equivalent in foreign currency, the decisions of the Financial System Mediator may not be challenged by the Bank.

7

The Bank may, for the purposes of customer due diligence as required by the RA Law on Combating Money Laundering and Terrorist Financing, request additional documents or information based on the “Know Your Customer” (KYC) principle.

8

Pursuant to the agreement concluded with the United States under the Foreign Account Tax Compliance Act (FATCA), the Bank may collect additional information to determine whether the customer is a U.S. taxpayer, as well as to provide the State Revenue Committee of the Republic of Armenia with information on customers who are foreign tax residents in accordance with the Common Reporting Standard (CRS) of the Organisation for Economic Co-operation and Development (OECD), as prescribed by the RA Tax Code.

9

THE BORROWER HAS THE RIGHT TO COMMUNICATE WITH THE BANK THROUGH THE METHOD OF THEIR CHOICE, EITHER BY POSTAL MAIL OR ELECTRONIC MEANS. RECEIVING INFORMATION ELECTRONICALLY IS THE MOST CONVENIENT OPTION. IT IS AVAILABLE 24/7, ELIMINATES THE RISK OF LOSING PAPER DOCUMENTS, AND ENSURES CONFIDENTIALITY.

10

DURING THE TERM OF THE LOAN AGREEMENT, INFORMATION ON THE TERMS FOR THE PROVISION OF STATEMENTS, DUPLICATE STATEMENTS, AND CERTIFICATES IS AVAILABLE AT THE FOLLOWING LINK: Tariff։

11

The list of the Bank’s branches and ATMs, as well as their addresses and business hours, is available at the following link: Branches and ATMs:։

12

ATTENTION: WHEN APPLYING FOR A LOAN, THE LENDER WILL PROVIDE YOU WITH AN INDIVIDUAL SHEET OF THE ESSENTIAL TERMS OF THE CONSUMER LOAN, WHICH WILL PRESENT THE INDIVIDUAL TERMS OF THE LOAN TO BE PROVIDED TO YOU.

13

Changes in foreign exchange rates may affect the loan repayments.

14

WARNING: YOUR PROPERTY (HOME, VEHICLE, OR OTHER ASSETS) MAY BE SEIZED IN ACCORDANCE WITH THE LAW IF YOU FAIL TO MAKE TIMELY PAYMENTS OF INTEREST AND REPAY THE LOAN AMOUNT.