Loan currency

AMD

Application and documents accepted at:

All the branches of the Bank and the Head Office

Loan financing source:

ARDSHINBANK CJSC

Loan purpose

Acquisition of apartments and parking lots under development and/or completed by "ANIPREMIUM DEVELOPMENT" LLC at N. Adonts 19/4, Yerevan, Armenia

Minimum loan amount

Not defined

Maximum loan amount

AMD 75,000,000

Type of interest rate

1. Fixed (variable)

2. Floating

3. The annual interest rate is fixed until May 1, 2028, and will be fixed, adjustable, or floating after May 1, 2028, according to the customer's application

Annual interest rate: fixed

The annual interest rate until May 1, 2028.

1. For loans up to 35.0 million AMD (including): 4.5%

2. For loans over 35.1 million AMD: 5.2%

Annual interest rate: fixed  (variable)

1. In case of loans worth up to AMD 35.0 m. (inclusive) : 14.1%

2. In case of loans worth over AMD 35.1 m.: 14.8%

Annual interest rate (floating)²

1. In case of loans worth up to AMD 35.0 (inclusive): SR +5.1%

2. In case of loans worth over AMD 35.1: SR + 5.8%

Actual annual percentage rate

11.3-16.49%

Minimum timeframe

10 years

Maximum timeframe

20 years

Loan and interest sum redemptions

Monthly annuity payments

Minimum prepayment  from the apartment purchase value

OTI in case of up to 60%: 10%

OTI in case of over 60%: 20%

Fee for loan application review (apartment or car parking lot)

AMD 5,000

Fee for loan application review in case of co-borrowers’ change

AMD 15,000

Lump sum commission for loan issue⁴

not defined

Fee for generation of pledge⁴

1)  AMD 71,200 for the registration of the Borrower’s ownership and the Bank’s right of pledge in case of complete property

2)  AMD 53,100 in case the registration of the Borrower's right to purchase and the Bank's right to register property under construction

3)  AMD 27,100 in case of the registration of the Bank's right of pledge to the pledge of the Bank's right to purchase or extra property

Monthly loan maintenance fee

Not defined

Other fees for property generation

1. The borrower shall pay for:

1) property evaluation (in case of property with completed development activities)

2) reception of a single reference on property restrictions

3)  notarial authentication of agreements

4) After completion of development:

   -  the borrower’s ownership, and

     - state cadastral registration of the Bank’s rights to pledge

Opening of a bank account/Issuance of statements

Subject to the tariffs and terms for the opening and maintenance of bank accounts in the Bank

Maximum loan/pledge ratio

90%

Settlement of maximum loan/pledge ratio

Settlement of real property value

1. In the event of the acquisition of property under development, the purchase price indicated in the reference

2. In the event of the acquisition of property with completed development activities, the minimum of the estimated market and purchase values

Loan issuance procedure

Lump sum

Loan issuance method

non-cash, i.e. – via transfer to the Bank account

Sum total of the loan and prepayment withdrawal fee by the Seller

not defined

Overdue loan interest rate

24% per annum calculated on overdue part of loan

Insurance

Not required