Mortgage Loans - Acquisition

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NATIONAL MORTGAGE LOANS

12,5%

Annual nominal interest rate

60 mln ֏

Maximum loan amount

7,5%

Minimal down payment

240 months

Maximum term of loan repayment

Doesn't apply

Early loan repayment penalty

Enters into force on 01․01․2023

*Translated documents with the terms and conditions will be available soon.

TERMS AND TARIFFS

updated 20-12-2021, 15:00

Loan currency

AMD

Loan term

120-240 months

Annual nominal interest rate of the loan

Up to 35 million

10․5% (fixed)

1-60 million

12% (fixed)

Annual percentage rate of the loan

10,70% - 15,60%

10,90% - 17,50%

! For employees of "Fast Credit Capital" UCO CJSC and the organizations affiliated with it, the rate is 1 percentage point lower than the annual nominal interest rate set for this type of loan.

Loan amount

AMD 1 000 000 – 60 000 000

Loan disbursement fee

Not required

Late loan principal fee

0.1% daily

Late interest fee

0.13% daily

Loan early repayment

The borrower has the right to make an early repayment of the loan: fully or partially

Early repayment penalty is not applied

! Before signing the agreement, the Organization will provide you with an individual leaflet on the essential terms of the mortgage loan, where the essential terms of the loan to be provided will be presented.

Pledged asset

Real property
Pledge of other property may be required

Prepayment

· Minimum 30% of the appraised market value of the property

· Or 10%, if:

1․ additional residential real property is pledged or

2 there is liability insurance amounting to the difference between 30% of the appraised market value of the purchased residential real property and 10 or more percent of the prepayment made by the Borrower

Or 7.5% up to 35 million for unmarried borrowers under 30 if the property is purchased from the constructor, if:

1․ additional residential real property is pledged or

2․ there is liability insurance amounting to the difference between 30% of the appraised market value of the purchased residential real property and 7.5 or more percent of the prepayment made by the Borrower

Loan/Pledge maximum value

· 70% of the appraised market value of the property

· Or 90%, if:

1․additional residential real property is pledged, and the Loan amount can't be more than 70% of the total real property value or

2․ there is liability insurance amounting to the difference between 30% of the appraised market value of the purchased residential real property and 10 or more percent of the prepayment made by the Borrower

Or 92.5% up to 35 million for unmarried borrowers under 30 if the property is purchased from the constructer, if:

1․ additional residential real property is pledged, and the Loan amount can't be more than 70% of the total real property value or

Pledge appraisal

The pledge is subject to appraisal by an independent property appraisal agency cooperating with the Organization.

Guarantee

Natural person/Legal entity (required if necessary)

Insurance

· Real property insuarance: Purchased/Under construction/Renovated

· Borrower’s accident insurance

! Insurance is provided in the amount of the loan balance in favor of the Organization for the entire period of the Loan validity.

Borrower

RA citizen resident natural person aged 18-65

Repayment method

Annuity

/equated monthly installments to pay off the principal and interest/

* In the case of loans for purchase, the seller and the buyer cannot be members of the same family. Moreover, in the context of these conditions, family members shall be considered the father, mother, spouse, spouse’s parents, grandmother, grandfather, sister, brother, children, spouse and children of sister, brother.

OTHER TERMS

Introduction

1. In order to use the services provided within the framework of these tariffs, the Borrower shall pay the following amount for the services provided by the third parties mentioned below:

ü Certificate on real estate restrictions - 10,000 AMD,

ü Fee of state registration of rights - 26,000 - 52,000 AMD,

ü Fee of notarial ratification of contract - 12,000-30,000 AMD,

ü Real estate insurance fee in relation to 0.15% -0.18% of the loan balance,

ü Accident insurance fee in relation to 0.15% -0.18% of the loan balance,

ü Insurance fee for outstanding prepayment amount (OPA) in relation to 2%-3% of actual balance of OPA/ valid until full repayment of OPA/

ü Pledged property assessment fee - 15,000-25,000 AMD.

2. Regardless of the third party fee rates mentioned in these terms, the fees for the services provided by the latter may change.

3. Loan interest is calculated on the active (non-overdue) balance of the loan, based on the calculation of 365 days a year.

4. The loan is provided in cash, non-cash, in lump sum in case of purchase from the secondary market, and it can be provided in installments / tranches in case of purchase from the primary market, moreover the last stage of the loan in installments must be provided in case of 80% and above completion degree of real estate.

5. The list of required documents, as well as the list of insurance companies and independent assessors cooperating with the Organization are defined in separate Annexes.

6. The loan is provided at the Head Office of the Organization, "Shrjanayin", "Avan", "Davtashen", "Komitas", "Erebuni", "Harav-Arevmtyan", "Armavir", "Artashat", "Masis", "Goris", "Gyumri", " Vanadzor "," Abovyan "," Hrazdan "," Echmiadzin "," Martuni "," Ijevan " , " Artik" branches.

7. The factors for making a positive loan decision are the following:

§ Compliance of the Borrower, Pledge and Guarantor (if any) with the requirements set forth in this document

§ The borrower shall have no overdue liabilities as of the application submission date and shall be classified as "Standard"

§ The sum of overdue liabilities during the 12 months preceding the time of application shall not exceed 30 days.

8. The factors for loan rejection are the following:

ü Non-compliance of the Borrower and/or Pledge and/or the Guarantor (if any) with the requirements set forth in this document

9. Making a decision on the loan application after submitting the required documents, informing the borrower within 5 working days.

10. Provision of loan within up to 2 working days after submitting all required documents.

11. As a rule, any amount deposited for the purpose of loan repayment is directed by the Organization to the repayment of the amounts to be paid to the Organization by the Customer by virtue of loan agreement at the time of depositing, including penalties, service fees, interest, Loan amount repayment. The organization has the right to define a different order of amounts to be paid in the contract with the Customer.

12. In case of early repayment of the loan by the Customer, the loan interest amounts and the service fees, if any, are proportionally reduced if the latter is accrued on a daily basis, while the payments made to third parties are not subject to reduction.

13. Tariffs for non-financial services, including terms of provision of statements, copies of contracts and other information are published on the official website of the Organization: www.fastcredit.am, as well as posted in the places of business of the Organization.

14. WARNING: IF THE INTEREST AMOUNTS, LOAN AMOUNT, SERVICE FEES ARE NOT PAID IN TIME THE PLEDGED PROPERTY CAN BE CONFISCATED BY THE PROCEDURE ESTABLISHED BY LAW.

15. ATTENTION: IN CASE OF NOT FULFILLMENT OR INCOMPLETE FULFILLMENT OF THE OBLIGATIONS BY YOU, THE ORGANIZATION SENDS THOSE DATA TO THE CREDIT BUREAUWITHIN 3 WORKING DAYS WHERE YOUR CREDIT HISTORY IS FORMED. YOU HAVE THE RIGHT TO GET YOUR CREDIT HISTORY FROM THE CREDIT BUREAU FREE OF CHARGE ONCE EVERY YEAR. ATTENTION: BAD CREDIT HISTORY MAY HINDER RECEIVING A LOAN IN THE FUTURE.

16. ATTENTION: LOAN INTEREST AMOUNTS ARE CALCULATED BASED ON THE NOMINAL INTEREST RATE, WHILE THE ACTUAL ANNUAL INTEREST RATE SHOWS HOW MUCH THE LOAN, INTEREST AMOUNT AND OTHER PAYMENTS WILL COST IN CASE OF PAYING IN THE ESTABLISHED TIME AND AMOUNT. ACTUAL ANNUAL INTEREST RATE CALCULATION PROCEDURE IS POSTED ON THE OFFICIAL WEBSITE OF THE ORGANIZATION (www.fastcredit.am).

17. ATTENTION: YOU HAVE THE RIGHT TO COMMUNICATE WITH THE FINANCIAL ORGANIZATION IN THE MANNER PREFERRED BY YOU BY MAIL OR ELECTRONICALLY. GETTING INFORMATION ELECTRONICALLY IS THE MOST CONVENIENT. IT IS AVAILABLE 24/7, IS FREE OF RISK OF LOSS OF PAPER INFORMATION AND ENSURES PRIVACY.

18. ATTENTION: YOUR "FINANCIAL DIRECOTRY" IS AN ELECTRONIC SYSTEM THAT MAKES IT EASIER FOR YOU TO SEARCH AND COMPARE SERVICES PROVIDED TO NATURAL PERSONS AND CHOOSE THE MOST EFFECTIVE OPTION FOR YOU.