AVE BUILDING

Main terms

Additional Terms

Documents

Effective date: 03.08.2026
Loan currency	AMD
Application and document acceptance at	All the branches of the Bank, Head Office
Loan financing source	ARDSHINBANK OJSC
Loan purpose	Acquisition of apartments and a parking lot* under development or with a completed development design in the residential blocks at 3/20 Hakob Hakobyan str., Yerevan, Armenia Developer: AVE BUILDING LLC
Minimum loan amount	Not established
Maximum loan amount	AMD 100,000,000
Type of interest rate	1. Fixed (adjustable)¹ 2. Flaoting²
Annual percentage rate Fixed (adjustable)	DTI up to 60% (inclusive) 1. 14%: for loans up to AMD 35.0mln (inclusive) 2. 14.7%: for loans more than AMD 35.1mln DTI above 60% 14.1%: for loans up to AMD 35.0mln (inclusive) 1. 14.8%: for loans more than AMD 35.1mln and above
Annual percentage rate Floating	DTI up to 60% (inclusive) 1. SR+4% for loans up to AMD 35.0mln 2. SR+4.6% for loans more than AMD 35.1mln DTI above 60% (inclusive) 1. SR+5.5% for loans up to AMD 35.0mln 2. SR+5.9% for loans more than AMD 35.1mln
Actual annual percentage rate Fixed (adjustable)	15% - 15.9%
Actual annual percentage rate Floating	12.7% - 13.7%
Minimum timeframe	10 years
Maximum timeframe	20 years
Loan and interest redemptions	Monthly annuity payments
Minimum prepayment from apartment purchase value	10%
Loan application review fee	AMD 5,000
One-time commission for loan issuance	Not established
Application review fee for a change of co-borrowers	AMD 15,000
Pledge Procession fee³	AMD 53,100 per property unit (apartment or parking lot)
Monthly loan maintenance fee	Not established
Other fees for property procession	1. The borrower shall pay for: 1) property evaluation (development activities in case of completed property) 2) acceptance of a unified reference on propoerty restrictions 3) notarial authentication of contracts; 4) after completing development: - the borrower's ownership, and - state cadastral registration of the Bank's rights of pledge
Opening of a bank account/Issuance of statements	Subject to the terms and tariffs effective at the Bank for the opening and maintenance of accounts Free: for a statement covering records of up to 1 month's records Free: at least four times annually upon the borrower's request for a period of time specified by the latter AMD 1,000-5,000 for statements and references coverning any other period (see Bank Account)
Maximum Loan/Pledge ratio	90% for loans in AMD
Settlement of maximum Loan/Pledge ratio Settlement of real estate value	1. In case of purchasing property under development, the purchase value specified in the reference provided by the seller 2. In case of purchasing completed property, the minimum of the evaluated loan and purchase values
Loan issuance procedure	One-time
Loan issuance method	non-cash, i.e. – via transfer to the Bank’s account
Loan and prepayment cash withdrawal fee (sum total) by the seller	not established
Overdue loan interest rate	24% per annum calculated on overdue part of loan
Insurance	Not required

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Information about Score and Credit History

Procedure for the definition, calculation, and modification of the calculation rate

Annual effective interest rate

Important to know

THE BORROWER IS ENTITLED TO PREMATURELY DISCHARGE (REDEEM), IN FULL OR IN PART, THE LIABILITIES UNDER THE CONTRACT, IN WHICH CASE THE PRINCIPAL AMOUNT OF THE LOAN SHALL BE REDUCED IN THE AMOUNT BEING PAID; THE TOTAL EXPENDITURES FOR CREDITING THE BORROWER SHALL BE REDUCED PROPORTIONATELY. IN THAT CASE, THE INTEREST ACCRUED TO THE BALANCE OF THE PRINCIPAL AMOUNT OF THE LOAN AND THE MAINTENANCE FEE ACCURED TO THE BALANCE OF THE PRINCIPAL AMOUNT OF THE LOAN SHALL BE SUBJECT TO REDUCTION FROM THE TOTAL CREDIT COSTS. MEANTIME IN THE EVENT OF EXERCISING ITS RIGHT HEREUNDER, THE BANK MAY NOT APPLY RESPONSIBILITY MEASURES

In the event of a non-performance or improper performance of his/her liabilities under the Loan Contract, the Borrower may be stripped of his/her right to the property being acquired/pledged.

In the event of an incomplete redemption of the loan liabilities, the full redemption of such liabilities shall be made at the expense of other resources and property units owned by the borrower and the pledgers.

In the event of overdue liabilities, the redemptions shall be made in the following sequence: the Borrower’s receivables with respect to the Bank generated as part of loan agreements, penalty amount settled for (accrued to) the overdue interest, interest sum settled for (accrued to) the overdue Loan, settled (accrued) yet unpaid overdue interest sum, overdue Loan amount, loan maintenance fee, fixed-term interest settled (accrued) for the use of the Loan, Loan amount.

The sequence of monetary liabilities may change at the Bank’s discretion without notice to the Borrower and/or the Co-Borrower.

The Bank undertakes to issue the contract proposal to the customer seven days in advance, providing a seven-day reflection period.

The Bank's MOBILE BANKING application enables features such as money transfers, loan redemptions, viewing of account balances and transactions, payments and numerous other transactions that can be accessed by following the link here

ATTENTION:

The loan interests are accrued based on the nominal percentage rate. The actual annual percentage rate reveals the loan value in the event of the payment of the interests and other fees within the specified timeframes and in the specified amounts. For detailed information on calculation procedure of the actual annual percentage rate please visit the following link.