- Without analyzing the client's income, the loan/collateral is up to 50%
- No loan issuance commission
- No monthly loan service fee
- No early repayment penalty
- No loan withdrawal fee
- Broad autobiographical coverage at the bank's expense (in case of such a request)
- No other hidden fees
*Registration of pledge rights shall be made only for a standard time period (not subject to an expedited procedure).
**In the event of a failure to meet the conditions set by “National Mortgage Company” RCO CJSC, the loan application shall be considered within the terms set by the Banks’ own resources. The Bank is entitled to change the annual interest rate in the amount of the changed refinancing interest rate by the National Mortgage Company RCO CJSC. In the event of non-financing or termination of financing by the National Mortgage Company RCO CJSC, the contractual interest rate shall change to a floating interest rate, and the new interest rate shall be established in the amount of the Settlement Rate (SR)+4.5%, provided that SR value shall equal the Bank’s effective SR value as of the moment of change in the interest rate (except for cases stipulated by the Bank’s internal legal acts).
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.
The interest rate cannot increase or decrease by more than 2.5 percentage points throughout the effective period of the loan contract as compareded to the interest rate at the time of loan issuance.
