- Without analyzing the client's income, when making an advance payment of 50% or more
- No loan issuance commission
- No monthly loan service fee
- No early repayment penalty
- No Seller credit and cash advance fee
- Broad autobiographical coverage at the bank's expense (in case of such a request)
- No other hidden fees
* Property-related cadastral registrations shall be made only for a standard time period (not subject to an expedited procedure).
**In the event of a failure to satisfy the conditions set by the National Mortgage Company Refinancing Loan Organization, CJSC, the laon application shall be considered within the terms set by Own Resources, The Bank is entitled to revvise the annual interest rate in the amount of the change in the refinancing interest rate by the National Mortgage Company RLO CJSC. In the event of non-financing or termination of financing by the National Mortgage Company RLO CJSC, the contractual interest rate shall change to a floating interest rate, and the new interest rate shall be established in the amount of +5.5% of the settlement rate (SR). Meantime, the SR value shall equal the Bank’s effective SR value as of the moment off the change in the interest rate.
¹ The interest rates of the credits issued with the Bank’s resource at a fixed (verifiable) interest rate shall be reviewed starting from the 37th month of the effective period of the agreement in case of a change in the Settlement Rate (SR). The credit interest rate cannot increase or decrease by more than 2.5 percentage points throughout the effective period of the credit agreement as compared to the interest rate fixed upon the issuance of the credit.
² The value of the Settlement Rate of a loan issued at a floating interest rate shall equal the SR value effective at the Bank upon the loan issuance decision-making.
The settlement rate shall be published on the Bank’s website (www.ardshinbank.am) and reviewed by the Bank annually on February 1 and August 1. The interest rates with respect to the agreements concluded shall be reviewed a month after the change in the SR (unless a longer date is indicated in the notice) in the event of a change in the Interest Rate. The Interest Rates shall change – increase or decrease – in the amount of the change in the SR.
The credit interest rate cannot increase or decrease by more than 2.5 percentage points throughout the effective period of the credit agreement as compared to the interest rate fixed upon the issuance of the credit.
The table is available at the following link:
3 If, as a result of property evaluation by the company collaborating with the Bank, the loan/pledge ratio satisfies the Bank’s requirement, the second pledge may, upon the Borrower’s written request, be released from lien in case of zero overdue liabilities.