Terms
tariffs
With documented proof of income
With undocumented proof of income
Without proof of income
Consumer loan
AMD
24-120 months
24-84 months
AMD 2,500,000 - 100,000,000
AMD 2,500,000 - 80,000,000
AMD 2,500,000 - 30,000,000
24-36 months - 15․5 %
37-60 months - 16 %
61-84 months - 17 %
85-120 months - 17.0 % (adjustable)
24-36 months - 17 %
37-60 months - 18 %
61-84 months - 19 %
85-120 months - 19.0 % (adjustable)
24-36 months - 17.5 %
37-60 months - 18.5 %
61-84 months - 19.5 %
(fixed)
If the loan-to-value ratio is below 50%, the interest rate will be 0.5% lower than the proposed annual nominal interest rate (except for when no proof of income is submitted)
24-36 months - 16.7-20.3%
37-60 months - 17.3-19.7%
61-84 months - 18.4-20%
24-36 months - 18.5-22.1%
37-60 months - 19.6-22.1%
61-84 months - 20.8-22.5%
24-36 months - 19.2-22.8%
37-60 months - 20.3-22.8%
61-84 months - 21.4-23.1%
(fixed)
Real estate
(Mortgage Agreement is notary certified)
Other collateral may be required
Under the acceptance criteria set by the Bank, the real estate being pledged:
1. Must be100 percent completed
2. The real estate must not be located in a building classified under 3rd or 4th category of damage, or have a 3rd or 4th category of damage
3. Minimum liquidation value of the real estate must be 20,000,000 AMD
4. Must not be agricultural land.
Residential areas acceptable to the Bank for real estate collateral
Zone 1 – city of Yerevan (except for Nubarashen, Vardashen, Sari Tagh, Kond, Nor Kharberd and Noragyugh districts, Krivoy St., Frik St. houses), city of Abovyan, city of Gyumri, city of Dilijan, city of Tsaghkadzor, city of Vanadzor, Arinj, Argavand, Zovuni
Zone 2 – city of Artashat, city of Armavir, city of Ashtarak, city oif Ararat, city of Artik, city of Echmiadzin, city of Gavar, city of Goris, city of Yeghegnadzor, city of Hrazdan, city of Kapan, city of Martuni, city of Sevan, city of Ijevan, city of Masis, city of Vedi, Parakar, Proshyan, Jrvezh, Kasakh
None
None
Annuity
/equal monthly payment of principal and interest/
Individual repayment schedule /Appendix 1/
0.1% daily
0.13% daily
The borrower has the right to repay the loan in full or in part before the due date.
No penalty on early repayment applies.
A maximum of 70% of the liquidation value of the collateral
A maximum of 50% of the liquidation value of the collateral in Zone 1, and 40% in Zone 2
The collateral is subject to appraisal by an independent property appraisal agency cooperating with Fast Bank CJSC and/or by a Bank employee, depending on the loan amount. The appraisal by a Bank employee is free of charge.
Not required
Individual/Legal entity (by decision of the authorized body approving the loan)
Individuals aged 18-65
The pledgor must be the borrower or a person running a joint business with the borrower.
Moreover, the pledgor must not have obligations that are overdue, controlled or classified under stricter categories as of the date of application submission