Refinancing loans secured with real property

Refinancing loans secured with real property

Refinancing of loans secured with real estate

Currency
֏, $
Interest rate
Starting from 7,5%
Repayment term
Up to 240 months
Loan maximum amount
Up to 125,000,000 ֏/ 250,000$

General

General
Tariffs
Documents
Refinancing loans secured with real property

Refinancing of loans secured with real estate

Transfer your loan up to AMD 125,000,000 to IDBank. Get better terms and lighten your credit burden by getting up-to-date lending terms.
Prior to refinancing, your loan must have been serviced by another bank or credit organization for at least 18 months.

Advantages

0% commission
The loan is provided without up- front fee
Choice of currency
The loan is available in Armenian drams and US dollars
High limit
The maximum loan amount is 125,000,000 AMD
Low Interest rate
Starting from 7,5%

Choose a loan

AMD
USD
Loan ammount

You need to choose the loan amount you prefer from the scale below.

I AMD
Loan term, months

You need to choose the loan term that you prefer from the scale below.

36 months 120 months
Type of pledge
Payment method

fixed monthly installments, where the monthly payment throughout the repayment period remains the same and consists of a portion of loan and a portion of interest.

This calculation is informative character and can be changed.

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Consumer loan
Get mortgage loans with or without your income proof

Choice of currency
The loan is available in Armenian drams and US dollars
Providing a credit line
Up to 5% of the loan, not more than 5,000,000 AMD
Fixed and floating interest rate
The borrower chooses the repayment option convenient for him

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Bond secured loans
Get a loan or credit line secured by your bonds.

Low Interest rate
Starting from 6.8 %
Choice of currency
The loan is provided in the same currency in which the deposit
Up to 45 days grace period
Use the money free of interest until the 15th of the following month

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Credit Lines
Get a profitable credit line with Visa or Mastercard credit card

Up to 45 days grace period
Use the amount free of interest up to the 15th day of the following month.
High limit
Maximum loan amount is 10 000 000 AMD
Low interest rate
Interest rate is lower than for the other credit lines - 15-16 % only

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Loans secured by cash collateral and bonds
Get a loan or credit line up to the amount of your deposit/bond.

Low Interest rate
Starting from 2.28 %
High limit
The maximum loan amount is 250,000,000 AMD
Up to 45 days grace period
Use the money free of interest until the 15th of the following month

Compare products

Refinancing loans secured with real property
Refinancing loans secured with real property
Starting from 7,5%
The loan is available in Armenian drams and US dollars
The loan is provided without up- front fee
The maximum loan amount is 125,000,000 AMD/250,000 USD
Consumer loan
Bond secured loans
Loans secured by cash collateral and bonds
The loan is available in Armenian drams and US dollars
Up to 5% of the loan, not more than 5,000,000 AMD
The borrower chooses the repayment option convenient for him
The loan is provided without up- front fee
The maximum loan amount is 125,000,000 AMD
Starting from 6.8 %
The loan is provided in the same currency in which the deposit
Use the money free of interest until the 15th of the following month
Starting from 2.28 %
The maximum loan amount is 250,000,000 AMD
Use the money free of interest until the 15th of the following month

Special offer

Rocket Line and Rocket Line 0%

Enjoy Rocket Line digital loan of up to 10 million AMD through Idram&IDBank app or IDBanking.am platform. Get now, pay over 36 months. Moreover, you can use Rocket Line 0% when making payment with hundreds of partners, with an actual interest rate of 0% and without additional fees.

Refinancing loans secured with real property - Special offers
Annual nominal interest rate
AMD: 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:

For stated income loans - 13.5% (where Rocket Line is provided) and 14% (where Rocket Line is not provided)

For self-certified loans - 14%

USD: Current interest rate of the loan reduced by up to 2 percentage points (in case of loan refinancing in the same currency):

In case of mortgage loan refinancing – IBRR 2 + minimum 3.6%

In case of consumer loan refinancing - IBRR 2 + minimum 4.6%
Effective annual interest rate
AMD:From 14.38%

USD: From 7.76%
Type of the interest rate
AMD:Fixed interest rate for the first 24 months and floating interest rate starting from the 25th month

USD/Floating interest rate for the entire term of the loan
Target group of borrowers
54.1. transfer of an existing liability/liabilities secured by movable or immovable property serviced for at least 12 months in other banks/lending organizations, with the possibility of increasing the amount,

54.2 granting loans to those clients, who had a loan secured by real estate serviced in other banks/lending organizations for at least 12 months, with a final repayment within 6 months preceding the moment of applying for a loan.

In cases stipulated by clauses 54.1 and 54.2 of these terms and conditions:

1) 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.)
Other requirements
In cases stipulated by clauses 54.1 and 54.2 of these terms and conditions:

In the cases specified in clause 54.1 of these terms and conditions, the 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,

- In the cases specified in paragraph 54.2 of these terms and conditions, the total amount of overdue days on a repaid loan secured by real estate in the case of loan servicing for the last 24 months should not exceed 20 days.

- loans transferred during the most recent 3 months preceding the application date should be classified as “Standard”
Loan application processing fee
Not specified
Up-front fee
Not specified
Monthly service fee
Not specified
Pledging related costs
Costs to be borne by the Bank for executing the pledge for loans exceeding AMD 4,000,001/equivalent in foreign currency.

- Collateral appraisal fee (appraisal is not required if the property pledged at the Bank was appraised during the most recent 12 months, or any other banks/financial organizations during the most recent 6 months preceding the date of application by one of the appraising companies – partners of the Bank).

- fee for unified reference issued by the Real estate Cadaster State Committee of the RA Government ,

- Fee 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.

*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 incurred by the Bank specified in this clause.
*
** Other conditions of loan refinancing not specified in clauses 47-58, are regulated under clauses 1-46 of these terms and conditions.
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.
Required documents
132.29 KB

Apply now

Up to 240 months repayment period
Opportunity to choose a currency

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