Mikshin

Main conditions

Documents

Valid from 03.08.2026
Loan currency	AMD	AMD
Application acceptance and loan procession at	All the branches of the Bank, Head Office
Loan financing source	National Mortgage Company RCO CJSC	ARDSHINBANK CJSC
Loan purpose	Acquisition by Miskhin LLC of apartments and Parking under development and/or with completed development activities in residential blocks at Adonts 4, Adonts 4/3, Adonts 6, Adonts 2,32/4, 2/5, 2/6 և 2/7 and other addresses in Yerevan Armenia¹
Minimum loan amount	AMD 3,000,000	Not defined
Maximum loan amount	AMD 55,000,000	In the case of apartments AMD 55.000,000 In the case of parking lots AMD 7.000.000
Maximum value of property being purchases	AMD 55.0 million	Not defined
Maximum loan amount	Fixed	Floating²
Annual percentage rate fixed/fixed (verifiable) ¹	14.2%	-
Annual percentage rate (floating)²	-	In the case of apartments SR+4.5% In the case of parking lots SR+3.%
Actual annual percentage rate	14.8-15.6%	13.19-14.69%
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 defined
Application review fee for a change of co-borrowers	AMD 15,000
Pledge procession fee**	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 3) 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
Other fees for property procession	1. The borrower shall pay for: 1) Property assessment (development activities in case of completed property) 2) Reception of a single reference on propoerty restrictions 3) Notarial authentication of agreements 4) After completing construction - the borrower's ownership, and - state cadastral registration of the Bank's rights to pledge
Issuance of statements	Free: for a statement with up to 1 month's records Free: at least four times a year upon the borrower's request for a period of time specified by the latter AMD 1,000-5,000 for statements and references for any other period (see here)
Maximum Loan/Pledge ratio	90% 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 In case of purchasing completed property, the minimum of the loan and purchase values of pledge evaluation
Loan issuance procedure	Lump sum	Lump sum
Loan issuance method	non-cash: via transfer to the bank account
Loan and prepayment cash withdrawal fee (sum total) by the seller	not defined

Information about Score and Credit History

What is credit history?

Under the law of the Republic of Armenia “On Circulation of Credit Information and Activities of Credit Bureaus”, credit information is any information about the liabilities undertaken by the subject of information, which reveals the debts, payments, payment habits or any other information about the liabilities or the performance thereof (that are being taken into consideration by financial organizations upon the issuance of credits, as well as by manufacturing, selling and service providing organizations while making a decision on the realization of goods/services based on the principle of instalment payments).

Importance of credit history

A negative credit history recorded in the past may serve as grounds for the tightening of the terms of credit or the non-issuance thereof.

A credit report is a written or electronic document which contains credit information on the performance of the financial liability in relation to the subject of the credit information (natural person or a legal entity) and the entrepreneurial organizations taken over by the latter.

The report shall comprise data obtained as of the moment of the inquiry from organizations affiliated with ACRA and shall reflect credit data of the 5 years preceeding such an inquiry.

ACRA is a credit bureau collaborating with all the banks and credit organizations in the Republic of Armenia.

Types of the score being applied

The evaluation of credit worthiness in ARDSHINBANK CJSC involves the ACRA credit history, the FICO score mark and the Bank's internal screening mechanism.

What is a credit score mark?

A FICO score is a screening system processed jointly by the closed joint stock company (CJSC) ACRA Credit Reporting and Fair Isaac Services which, conducting a statistical study of the client's credit history, gives the digital mark of the credit worthiness of the client’s credit risk as a pivotal instrument for the dimensioning of the consumer crediting risk.

The corresponding information is available also at abcfinance.am and acra.am.

Main factors influencing the score

According to FICO score calculation model, the determiners influencing the score include:

1. Payment (redemption) history;

2. Credit burden;

3. Length of credit history;

4. Types of used loans;

5. New credit application.

The Bank's internal screening mechanism is influenced by

1. Information about bank and deposit accunts, transactions made therewith and information about transfers;

2. Information about credit history;

3. Information about income and employment history;

4. Information about family status and education;

5. Information about the ownership of immovable and movable property;

6. Information about the servicing of other liabilities;

7. Any other information characterizing the client.

Credit inquiry influence on the score mark

The number of credit inquiries may have a negative impact on the concise credit mark. If the inquiry is conducted as part of a monitoring, it does not normally have a negative impact.

How to avoid a deterioration of a credit history and a score mark?

1. To discharge the credit liabilities in a due manner without delays in accordance with the established schedule;

2. To avoid being a co-borrower and/or guarantor, etc. with respect to the liabilities of borrowers with a suspicous or negative credit history;

3. Upon making redemptions of credit liabilities through a payment terminal, to take into consideration the fact that payments made after 4:45pm, i.e. – the Bank's operational hour, are rescheduled to the next business/operational day and the payment is deemed made on the next day.

How to improve credit history and the score mark?

1. To redeem the overdue liabilities if any;

2. To discharge the credit liabilities in a due manner without delays, and to rule out even daily delays thereof;

4. To avoid being guarantors for non-trustworthy persons in the future.

Who to turn to in case of errors in the credit history?

Whenever the borrower’s credit history contains errors or incomplete data, the borrower shall:

1. pursuant to the clauses set forth in Article 20 of the law of the Republic of Armenia “On Credit Information or Activities of Credit Bureaus”, inform the credit bureau thereof or simply turn to the subject providing such information (the source of credit information). The notification may be arranged by way of submitting a corresponding written application to the credit bureau, or electronically, i.e. – in an online regime from the personal office My ACRA. The process of the acceptance/receipt and consideration of clients’ complaints (as submitted by ACRA), and the response thereto and the succession of actions shall be determined subject to the "Dispute Resolution Procedure" of ACRA Credit Reporting. Corresponding information is available also at abcfinance.am and acra.am

2. Turn to the Bank

• by sending a letter to the Bank’s official email address (office@ardshinbank.am)

• by contacting the Bank’s 24/7 call center (tel. 012222222);

• by submitting a written application/complaint/request at any branch of the Bank.

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

Annual effective interest rate