Հիփոթեք - non-resident

Without analyzing the client's income
No loan issuance commission
No monthly loan service fee
No early repayment penalty
No Seller credit and cash advance fee
No other hidden fees

Main terms

Calculation rate (CA) definition table

Loan currency	AMD	USD	EUR
Application and documents accepted at:	All the branches of the Bank and the Head Office	All the branches of the Bank and the Head Office	All the branches of the Bank and the Head Office
Loan financing source	ARDSHINBANK CJSC	ARDSHINBANK CJSC	ARDSHINBANK CJSC
Loan financing source	1. Acquisition of completed residential real estate from development companies cooperating with the Bank* or residential real estate under development (rights pertaining thereto); 2. Acquisition of a parking lot simultaneously with the Apartment from the development companies cooperating with the Bank; 3. Acquisition of real estate from the secondary market. Information about the developers cooperating with the Bank can be accessed by following the link below: https://www.ardshinbank.am/for-you/real-estate?lang=hy	1. Acquisition of completed residential real estate from development companies cooperating with the Bank* or residential real estate under development (rights pertaining thereto); 2. Acquisition of a parking lot simultaneously with the Apartment from the development companies cooperating with the Bank; 3. Acquisition of real estate from the secondary market. Information about the developers cooperating with the Bank can be accessed by following the link below: https://www.ardshinbank.am/for-you/real-estate?lang=hy	1. Acquisition of completed residential real estate from development companies cooperating with the Bank* or residential real estate under development (rights pertaining thereto); 2. Acquisition of a parking lot simultaneously with the Apartment from the development companies cooperating with the Bank; 3. Acquisition of real estate from the secondary market. Information about the developers cooperating with the Bank can be accessed by following the link below: https://www.ardshinbank.am/for-you/real-estate?lang=hy
Location of property being acquired	Republic of Armenia	Republic of Armenia	Republic of Armenia
Minimum loan amount	AMD 3,000,000	none	none
Maximum loan amount	AMD 200,000,000	USD 400,000	EUR 400,000
Maximum value of property being acquired	N/A	N/A	N/A
Type of interest rate	Floating1	Floating1	Floating1
Annual interest rate (floating)1	From SR+3.7% pursuant to Table 1	From SR+5.7% pursuant to Table1	From SR+6.1% pursuant to Table 1
Actual annual interest rate	14.0-14.4%	10.1-10.8%	8.9-9.6%
Minimum timeframe	120 months	36 months	36 months
Maximum timeframe	240 months	240 months	240 months
Loan and interest sum redemptions	Monthly annuity payments	Monthly annuity payments	Monthly annuity payments
Minimum prepayment from apartment purchase value	1. 30% in case of property acquisition from development companies* cooperating with the Bank 2. 50% in case of property acquisition from the secondary market	1. 30% in case of property acquisition from development companies* cooperating with the Bank 2. 50% in case of property acquisition from the secondary market	1. 30% in case of property acquisition from development companies* cooperating with the Bank 2. 50% in case of property acquisition from the secondary market
Fee for loan bid review	none	none	none
loan issuance commission fee in lump sum	none	none	none

Non-Residency Criteria as Part of the Lending Terms Herein

Non-Residency Criteria as Part of the Lending Terms Herein

The individual (the Borrower and the Co-Borrower) is not a resident in the Republic of Armenia whenever s/he meets any of the terms below:

only a foreign citizen who has not submitted residence card in the Republic of Armenia

an Armenian citizen who, however:

1) resides in a foreign country for 183 days and over, or

2) has his/her main source of income in another country

a dual citizen (a citizen of Armenia and a foreign country) who, however:

1) resides in a foreign country for 183 days and over, or

2) has his/her main source of income in another country

Documents supporting Borrower's non-resident status*:

Income statement issued by a tax or any other competent authority of the given state as a supporting document covering at least the past 6 months' records

Bank account statement reflecting the credited funds proceeding from the main activity in the given country at least in the past 6 months

Reference from work (if necessary upon the Bank's further request)

Reference provided by a competent authority of the given state on registration or de facto residence in another country

Other necessary documents: upon the Bank's further request

Other document:

In the event of not being married, a declaration on the single status authenticated by a notary or a consular office of the given state.
If the Borrower is a citizen of another country and is in the Republic of Armenia, the declaration shall be authenticated by the given foreign country's consular office in the Republic of Armenia.

*Attention!

Documents issued by the competent authorities of a foreign state (identity document, marriage certificate, power of attorney, declaration) shall be authenticated by a notary (corresponding authority) and confirmed by an apostille, or authenticated by consular offices of the Republic of Armenia abroad, with no apostille being required by consular offices in the CIS countries and in Georgia.

Documents issued in a foreign language, including in English and Russian, shall be translated into Armenian and authenticated by a notary.

Information brochure

Attached documents

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