If necessary, another schedule for the repayment of the interest amount and loan principal may be set.
The minimum down payment may be set at 10% of the residential real estate to be acquired if any of the following requirements are met:
About possible additional payments Loan tariffs.
The state support programs are:
The same documents regarding the applicant should be presented by the co-borrower (if applicable)
1 The documents are required, if the data or documents are missing or are incorrect in the database of the state registry of the RA Ministry of Justice.
Example of loan interest amount calculation:
*Repayment size may differ based on the number of days in the given month.
ATTENTION: LOAN INTEREST AMOUNTS ARE CALCULATED BASED ON THE NOMINAL INTEREST RATE, AND THE ANNUAL ACTUAL INTEREST RATE SHOWS HOW MUCH THE LOAN WILL COST FOR YOU, IN CASE OF DUE PAYMENT OF INTEREST AMOUNTS, LOAN PRINCIPAL AMOUNT AND ALL MANDATORY FEES FOR PROVISION AND SERVICE OF LOAN. YOU CAN FIND THE CALCULATION OF ACTUAL INTEREST RATE HERE.
In case of non-fulfillment of liabilities by the borrower in time, the penalty for each overdue day is calculated in the amount of 0.13% (penalties applied).
Loan repayments are made in the following order (in case of overdue liabilities):
Insurance companies, cooperating with the Bank, are:
Qualified independent valuation companies, cooperating with the Bank
Summary bulleting of regional purchase mortgage loans
Regional purchase mortgage loans are provided to resident individuals over the age of 18 who will not reach the retirement age of + 4 years throughout the term of the loan.
Regional purchase mortgage loans are provided for the purchase of residential real estate in the regions.
For lending, the following payments may be made by the consumer:
The amount of real estate insurance that is the subject of collateral is the amount of the appraised value of the property being acquired.
Fees, related to pledge of other property - 2,000-10,000 AMD.
All payments are included in the actual interest rate calculation.
The loan can be repaid (fully or partially) earlier than the contract term, in which case the customer pays the interest amount, calculated for the actual loan term, as well as a lump sum penalty in the following size:
Contractual year is considered to be each period of 12 months, following the agreement date.
Confiscation of collateral
THE PLEDGED PROPERTY CAN BE CONFISCATED, IF THE BORROWER DOES NOT DULY REPAY THE INTEREST AMOUNTS AND LOAN AMOUNT. IF THE COLLATERAL VALUE IS INSUFFICIENT, THE BORROWER’S LIABILITIES WILL BE REPAID AT THE EXPENSE OF OTHER PROPERTY OF THE BORROWER.
Information, provided to the Credit Registry
INFORMATION ABOUT THE LOAN WILL BE REGISTERED IN THE CREDIT REGISTRY, IF THE BORROWER FAILS TO DULY REPAY THE INTERST AMOUNT AND LOAN AMOUNT.
HAVING A NEGATIVE CREDIT HISTORY MAY BE AN OBSTACLE FOR YOU TO RECEIVE ANOTHER LOAN IN THE FUTURE.
Please be informed that:
THE GUARANTOR HAS THE RIGHT TO:
ATTENTION: "YOUR FINANCIAL INFORMATION" CHOOSE THE MOST EFFECTIVE CHOICE FOR SEARCHING, COMPARING THE SERVICES OF THE INDIVIDUALS.