Purpose of the loan
Acquisition of residential real estate under construction or existing
Minimum loan amount
Maximum loan amount
Up to 60,000,000
Minimum loan term
Maximum loan term
Nominal annual interest rate
Fixed interest rate for the whole period: 10.25%-12.05%
Effective annual interest rate
10.86% - 12.95%
30% (of the least value between the acquisition value and the estimated market value of the property) in case of pledging the acquired property/right of pledge. 10% (of the least value between the acquisition value and the estimated market value of the property) in case of pledging the acquired property/right of pledge and other residential real estate property (second pledge), 7.5% (of the least value between the acquisition value and the estimated market value of the property) if the borrower is unmarried and under 30 years of age and the real estate property is being acquired from the real estate developer and another residential real estate property is being pledged (second pledge). In case of the abovementioned, the prepayment must be insured in the amount of the difference between the defined minimum prepayment amount and prepayment made unless another real estate property is pledged.
Real estate property being acquired in case of a prepayment in the amount of 30% and more. In case of making a prepayment in the amount of 7.5%-29.9% real estate property being acquired/right of pledge and - other residential real estate property or - insurance of prepayment in the amount of the difference between the defined minimum prepayment amount and prepayment made
Maximum loan/collateral ratio
70%, or up to 92.5% if along with the real estate property being acquired/right of pledge another residential real estate property is being pledged or the client implements insurance of the prepayment in the amount of the difference between the defined minimum prepayment amount and prepayment made
Loan disbursement method
One-time non-cash through current account
Method of loan and interest repayment 1. Annuity repayment method - Equal monthly repayments of the sum of loan principal and interest amount
2. Differentiated repayment method equal monthly repayments of loan principal, repayments of interest amount on a monthly basis in case of change of the annual nominal interest rate during the loan period, the method of repayment of the loan and interest amounts can be changed
Loan application revision fee
One-time loan disbursement fee
1%, maximum AMD 200,000. One-time loan disbursement commission fee is being charged from contractual loan amount
Bank account opening
Opened in the loan currency according to the tariffs applied in the Bank. If the loan currency is other than AMD, an account in AMD shall also be opened.
Fees for pledge registration
Implemented by the employee: 1. Pledge assessment fee. 2. Fee for unified reference on restrictions on the subject of pledge 3. Notarization fee for the real estate that is the subject of collateral 4. Fee for registration of the Bank?s right arising from the pledge agreement in the competent state body. * In case of acquisition of residential real estate property from the primary market, the pledge assessment fee will be covered by the Bank.
Commission for encashment of loan amount and prepayment
In case of real estate property being acquired - the borrower and/or coborrower, In case of other real estate property (other pledge) - any other physical or legal entity
Relations between the borrower/coborrower and seller of the real estate property
The real estate property cannot be acquired from the physical entity who is the family member of the borrower/coborrower, particularly borrower/coborrower?s father, mother, spouse, spouse?s parent, grandmother, grandfather, sister, brother, child, spouse and child of the sister, brother.