Loan currency

AMD

USD

Application and documents accepted at

All the branches of the Bank, Head Office

Loan financing source

National Mortgage Company

Refinancing Loan Organization, CJSC

Ardshinbank OJSC

Loan purpose

Acquisition of complete residential real estate for purposes of residence 

1. Acquisition of complete residential real estate

2. Acquisition of residential real estate under construction

3. Refinancing of a mortgage loan received for the acquisition of real estate in other financial institutions

Minimum loan amount

AMD 3,000,000

Not defined

Maximum loan amount

AMD 35,000,000

AMD 200,000,000

Maximum value of property being purchased

AMD 55.0 million

Not defined

Type of percentage rate

Fixed

1. Fixed (verifiable)¹,

2 Floating²

Actual annual percentage rate

fixed/ fixed (verifiable)¹

1. 14.1% for 50% and more prepayment

2. 14.5% for 10-49.99% prepayment

1. 12.7%, for loans worth up to AMD 35.0 million (included)

2. 13.2 % for loans worth up to 35.1 - 200.0 million

Annual percentage rate (floating)¹

-

1. SR+3.7%, for loans worth up to AMD 35.0 million (included)

2. SR+4.2% for loans worth up to 35.1 - 200.0 million

Type of percentage rate for the acquisition of property from developers on privileged terms

-

1. Fixed (verifiable) ¹

2. Floating²

Interest rates for the acquisition of property from developers on privileged terms

1.        Nor Tun residential complex

2.       Discovery ressidential complex

3.       Luyser residential complex

4.       Antarayin residential complex

Nork residential complex

-

1. 13.5%: for loans worth up to AMD 35.0 million (included),

14.7% for loans worth up to AMD 35.1 - 200.0 million (included)

2. SR+3.5% for loans worth up to AMD 35.0 million (included)

SR+4% for loans worth up to AMD 200.0 million (included)

Actual annual percentage rate

15.0-15.7%

12.3-15.7%

Minimum timeframe

120 months

Maximum timeframe

240 months

Loan and interest redemption

Monthly (annuity-based) payments

Minimum prepayment from apartment purchase value

10%

10%

Loan application screening fee

AMD 5,000

Lump sum loan issuance commission⁴

Not defined

Pledge procession fee⁴

AMD 53,100

Monthly loan maintenance fee

Not defined

Other fees for property procession

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

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

The amount of the monthly loan maintenance fee is not subject to change throughout the entire effective loan period.

Other fees for property procession

The Borrower shall pay for:

1)  property evaluation

2)   reception of a unified reference on property restrictions, and

Notarlization of pledge agreements with a total value amounting to AMD 40,000-AMD 105,000 (including expenditures pertaining to extra property pledging)

Opening of a bank account

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

Issuance of statements

Free for statements covering records of up to 1 month

Free: at least four times annually; for any period of time upon the borrower’s request

AMD 1,000-5,000 for statements and references for any other time period (see Bank account)

Insurance

with the Bank’s resources

Not required

Maximum loan/pledge ratio

90% of the real estate value

90%

If, in case of purchasing property from the primary market, a parking lot (garage) is purchased along with the apartment, the latter may also be accepted as a pledge provided the loan is issued with the Bank’s resources.

Loan issuance procedure

Lump sum

Lump sum

Loan issuance method

Non-cash, i.e. – via transfer to the borrower’s bank account

Fee for Seller’s withdrawal of loan and prepayment sum total

Not defined