Loan currency

AMD

AMD

Application and document acceptance at

All the branches of the Bank, Head Office

Loan financing source

National Mortgage Company

RFO CJSC

ARDSHINBANK OJSC

Loan purpose

Acquisition of apartments and a parking lot* (in case of acquisition simultaneously with an apartment) under development or with a completed development design in residential blocks 320 and 322 at Tichina Street, Ajapnyak, Yerevan, Armenia

Developer: Defanse Housing Invest CJSC

Minimum loan amount

AMD 3,000,000

Not established

Maximum loan amount

AMD 35,000,000

AMD 100,000,000

Type of percentage rate

Fixed

Fixed (adjustable)¹

Annual percentage rate

14.3% - in case of receiving the salary via the bank’s card:

14.55% - in case of not receiving the salary via the bank's card

1.     12.75% for loans worth up to AMD 35.0 million (inclusive)

2. 13.25% for loans worth above AMD 35.1 million

Actual annual percentage rate

14.7-15.9%

13.6-14.3%

Minimum timeframe

10 years

Maximum timeframe

20 years

Loan and interest sum redemptions

Monthly annuity payments

Minimum prepayment from apartment purchase value

10%

10%

Loan application review fee

AMD 5,000

Lump sum commission for loan issue

Not established

Pledge Procession fee³

AMD 53,100

Monthly loan maintenance fee

Not established

Other fees for property procession

1. The borrower shall pay for:

1) Property evaluation (development activities in case of completed property)

2) Acceptance of a unified reference on propoerty restrictions

3)  Notarial authentication of pledge contract;

4) After completing development:

-  the borrower's ownership, and

-  state cadastral registration of the Bank's rights of pledge

Opening of a bank account

Subject to the terms and tariffs effective at the Bank for the opening and maintenance of accounts (see Bank Account)

Issuance of statements

Free: for a statement covering up to 1 month's records

Free: at least four times annually upon the borrower's request for a period of time specified by the latter

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

Insurance

arranged with the Bank's resources

Maximum Loan/Pledge ratio

90% of real estate value

70% of real estate value

90% of real estate value

Settlement of maximum Loan/Pledge ratio

Settlement of real estate value

1. In case of purchasing property under development, the purchase value specified in the reference provided by the seller

2.     In case of purchasing completed property, the minimum of the evaluated loan and purchase values

Loan issuance procedure

1. One-time: in case of completed development activities

2. For property under construction:

1) In 2 tranches, of which the 2^nd envisages the disbursement of AMD 1.0 million (after completing the development; adjustable depending on property surface)

2) One-time provided here is a final act on the property under development.

. One-time

. One-time

Loan issuance method

non-cash, i.e. – via transfer to the Bank’s account

Loan and prepayment cash withdrawal fee (sum total) by the seller

not established

Application review fee for a change of co-borrowers

AMD 15,000

Overdue loan interest rate

24% per annum calculated on overdue part of loan

REQUIREMENTS FOR THE BORROWER

Borrower’s status

An individual resident of the Republic of Armenia aged 21 and over with the main source of income in the Republic of Armenia

An individual resident of the Republic of Armenia aged 21 and over*

An individual resident of the Republic of Armenia aged 21 and over *

Reqquirements applying to the Co-borrower

An individual citizen of the Republic of Armenia aged 18 and over, provided s/he is the borrower’s family member

The borrower’s spouse (if married), as well as any other person(s) aged 18 and over may be a co-borrower

The borrower’s spouse (if married), as well as any other person(s) aged 18 and over may be a co-borrower

Borrower’s/co-borrower’s age

The borrower shall be on average no more than 65 years of age (up to 66) on the final date of loan redemption.

Other requirements applying to the borrower/co-borrower

available phone number and email address