REAL ESTATE PLEDGE LOANS

Nominal interest rate

15,5%

Maximum amount

100,000,000 AMD

Maximum term

120 months

Early repayment penalty

Not applicable

Estimated liquidated value up to

70%

Apply online
REAL ESTATE PLEDGE LOANS

REAL ESTATE PLEDGE LOANS

Type

With documented proof of income 

Loan purpose

Consumer loan

Loan currency

AMD

Loan term

24-120 months

Loan amount

AMD 2,500,000 - 100,000,000 

Annual nominal interest rate of the loan (fixed)

24-36 months - 15․5 %
37-60 months - 16 %
61-84 months - 17 %

 

85-120 months - 17.0 % (adjustable)

Effective annual interest rate of the loan

24-36 months - 16.7-20.3%
37-60 months - 17.3-19.7%
61-84 months - 18.4-20%

Collateral

Real estate
(Mortgage Agreement is notary certified)
Other collateral may be required

Minimum requirements for pledged real estate

Under the acceptance criteria set by the Bank, the real estate being pledged:

Location of pledged real estate

Residential areas acceptable to the Bank for real estate collateral

Loan commission fee

None

Monthly loan servicing fee

None

Repayment method

Annuity
/equal monthly payment of principal and interest/
Individual repayment schedule /Appendix 1/

Penalty on overdue principal amount

0.1% daily

Penalty on overdue interest

0.13% daily

Early repayment

The borrower has the right to repay the loan in full or in part before the due date.
No penalty on early repayment applies.

Maximum loan-to-value ratio

A maximum of 70% of the liquidation value of the collateral 

Collateral valuation

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.

Insurance

Not required

Guarantee

Individual/Legal entity (by decision of the authorized body approving the loan)

Borrower

Individuals aged 18-65

Pledgor

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

Loan calculator

Loan calculator

Monthly Payment

0

Total Paid Amount

0

Total Interest Amount

0

Dear Customer,

The calculation is informational and may change

Documents

Documents

Updated at