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

In the event of a failure to fully redeem the credit liabilites, the full redemption shall be made at the expense of other means and property units pertaining to the Borrower and the Pledgers.

The loans shall be issued by way of the implementation of standard-term contracts. In the event of the acquisition and pledging of parking lots, a separate loan and pledge agreement shall be signed for the parking lot in question. The collateral agreement (agreements) shall be notarized. The right to the purchase of an apartment and, after the completion of improvement activities, the rights to ownership and the Bank’s right to pledge and other property rights shall be subject to state registration.  

² The Settlement Rate (SR) shall be published on the Bank’s website (www.ardshinbank.am) and shall be reviewed by the Bank annually on February 1 and August 1. The interest rates pertaining to the concluded contracts shall be reviewed a month after the change in the SR (unless a longer date is specified in the notice). In the event of a change in the Settlement Rate, the Interest Rates shall change, i.e. – increase or decrease, in the amount of the change in the SR.

Within the effective period of the loan agreement, the loan interest rate may not increase or decrease by more than 2.5 percentage points agaisnt the interest rate set upon loan issuance.

Whenever the annual interest rate of loans having a  fixed interest rate becomes floating from 01.05.28 onwards, the value of the Loan Settlement Rate (SR) shall equal the Loan Settlement Rate effective in the Bank upon decision-making.

ᵌ After handing over for final exploitation the real estate under development and submitting to the Bank the Buyer's certificate of ownership and the Bank's certificate of pledge (100% completion), the Customer shall, within 30 days,d submit to the Bank the real estate ownership and pledge certificates.

After handing over for final exploitation the real estate under development (100% completion), the Customer shall, within a 30-day period, submit to the Bank the real estate ownership and pledge certificates.

⁴ The pledge formalization fee shall be charged until the issuance of the loan. The cadastral registrations dealing with property units shall be made only for a non-standard time period. Cadastral registrations dealing with a property item(s) shall be made only for a standard time period (not on a fast-track basis).

The interest rates on loans provided at a fixed (adjustable) interest rate are revised starting from the 37th month of the loan agreement's validity in the event of a change in the Reference Rate (RR). After the 36-month period, at the time of the first interest rate adjustment, as well as at each subsequent adjustment, the current RR is compared to the RR in effect at the time of signing the loan agreement. During the term of the loan agreement, the loan interest rate cannot increase or decrease by more than 2.5 percentage points compared to the interest rate set at the time the loan was granted. In case the annual interest rate of loans granted at a fixed interest rate becomes fixed-adjustable starting from 01.05.27, the calculation for the 37th month begins from 01.05.27.

In the event of overdue liabilities, the redemption shall be made in the following sequence: expenditures made by the Bank with respect to the confiscation of the property pledged in a prescribed manner and other debtor’s liabilities to the Bank on the part of the Borrower and/or the Co-Borrower (generated  as part of loan agreements), forfeit penalty settled for (accrued to) the overdue liability, interest sum settled for (accured to) the overdue Loan, settled (accrued) yet unpaid overdue interest sum, overdue Credit, Credit maintenance fee, fixed-term interest sum settled (accrued) for the use of the Credit, and the amount of the Credit.

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

The Bank undertakes to provide the Customer with the contract proposal seven days in advance and grant 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 via the link below.