SS Yeghbairner

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YOUR PROPERTY MAY BE CONFISCATED IN A MANNER PRESCRIBED BY LAW IN THE EVENT YOU FAIL TO MAKE, IN A TIMELY MANNER, THE INTEREST AND LOAN REDEMPTIONS.

IN THE EVENT OF YOUR NON-PERFORMANCE OR INCOMPLETE PERFORMANCE OF THE LIABILITY, THE BORROWER SHALL, AFTER 3 BUSINESS DAYS, SEND THOSE DATA TO THE CREDIT BUREAU TO HAVE YOUR CREDIT HISTORY GENERATED. YOU ARE ENTITLED TO ANNUALLY RECEIVE A FREE COPY OF YOUR CREDIT HISTORY FROM THE CREDIT ORGANIZATION.

A POOR CREDIT HISTORY MAY PREVENT YOU FROM OF RECEIVING A LOAN IN THE FUTURE.

Information about Score and Credit History

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

The loans shall be issued by using the Bank-approved standard form contracts. In case of purchasing and pledging car parking lots, separate loan and pledge contracts shall be signed. The pledge contract (contracts) shall be authenticated notarially. The pledge of the right to purchase an apartment, the right to ownership and the Bank's right of pledge (after completing the construction) and other property rights shall be subject to state registration.

¹ The interest rates of loans issued at a fixed (adjustable) rate shall be reviewed starting from the 36th month of the effective period of the loan contract – on February 1 and August 1 of each year - in the amount of change in the Settlement Rate (SR). The settlement rate effective as of the moment of the first and consecutive changes of the interest rate upon expiry of the 36-month period, shall be compared to SR effective as of the moment of signing the Contract. The first change in the interest rate is performed on February 1 or August 1 following the 36-month period.

² The settlement rate of loans issued at a floating rate shall equal the SR effective at the Bank upon the loan approval. 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 acting contracts shall be reviewed a month after the change in SR (unless a longer date is indicated in the notice).

The interest rates shall change (increase or decrease) in the amount of the change in SR.

In the event the annual percentage rate of loans issued at a fixed interest rate becomes floating starting on 01.05.2028, the the Loan Settlement Rate (SR) value shall equal the Loan Settlement Value effective at the Bank upon the decision-making on loan issuance.

The interest rate cannot increase or decrease by more than 2.5 percentage points throughout the effective period of the loan contract as compared to the interest rate at the time of loan issuance.

3The Pledge procession fee shall be charged until loan issuance. The property-related cadastral registration shall be made only for a standard time period (not subject to an expedited procedure).

4 After handover for final exploitation the real property under development and submission to the Bank of the certificates on the buyer's ownership right and the bank's right of pledge (100% completion), the real property being purchased shall be a subject of pledge (collateral).

After handover for final exploitation the real property under development (100% completion), the customer shall, within 30 days, submit to the Bank the ownership right and pledge certificates.

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 contract, 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, granting 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.