THE BORROWER SHALL BE ENTITLED TO DISCHARGE (REDEEM), IN FULL OR IN PART, THE LIABILITIES UNDER THE AGREEMENT AHEAD OF SCHEDULE, IN WHICH CASE THE PRINCIPAL SUM OF THE CREDIT SHALL BE REDUCED  IN THE AMOUNT OF THE SUM BEING PAID; THE TOTAL EXPENSES FOR CREDITING THE BORROWER SHALL BE REDUCED PROPORTIONATELY. IN THAT CASE, THE INTEREST SUM 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 the non-performance or improper performance of his her liabilities under the loan agreement, 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 under the loan agreement, 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 agreements. In the event of purchasing and pledging car parking lots, separate loan and pledge agreements shall be signed. The pledge agreement shall be authenticated notarially. In the event of purchasing and pledging car parking lots, separate loan and pledge agreements shall be signed. The pledge agreement (agreements) shall be authenticated notarially. The pledge of right to the purchase of apartment, the right to owenership and the Bank's right to pledge (after completing the construction) 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 handover for final exploitation the real property under development and submission to the Bank of the buyer's ownership right and the bank's right to pledge (100% completion), the real property being purchased shall be a subejct 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 certificate on the buyer's ownership right and the bank's right to pledge.
⁴ The pledge procession fee shall be charged before the issuance of the credit. The property-related cadastral registrations shall be made only for a standard time period (not subject to an expedited procedure).
The interest rates of the loans issued with a fixed (verifiable) interest rate shall be reviewed starting from the 37th month of the effective date of the loan agreement in the event of the change in the Settlement Rate (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 against the interest rate set upon loan issuance.

Whenever the annual interest rate of loans having  a fixed interest rate becomes fixed variable from 01.05.28 onwards, the settlement for the 37th month shall start on 01.05.28.

1.    In the case of a one-time provision, the loan is granted no later than within 1 business day after the registration of the bank's lien rights.
2.    In case of phased
1. After the registration of the pledge right of the bank
2. On December 1, 2026
3. No later than the 15th day after receiving the notification from the Developer to the Bank regarding the completion of the building (or part of the building) construction for state registration.

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 agreement proposal to the customer 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 by following the link here

ATTENTION: 
The loan interests shall be settled based on the nominal percentage rate. And the actual annual percentage rate reveals the loan value in the event of the payment of the interests and other fees with the specified timeframes and amounts. For information on the settlement of the actual annual percentage rate, you are requested to visit the Bank’s official website (www.ardshinbank.am ).

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 CREDIT 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 RECEIVE THE FREE COPY OF YOUR CREDIT HISTORY FROM THE CREDIT ORGANIZATION ONCE EVERY YEAR. 
A POOR CREDIT HISTORY MAY BE A HINDRANCE TO YOU IN TERMS OF RECEIVING A CREDIT IN THE FUTURE.
FINANCIAL INSTITUTIONS IN THE REPUBLIC OF ARMENIA ARE CONTROLLED BY THE CENTRAL BANK OF ARMENIA.