Terms
tariffs
Acquisition, construction, renovation of commercial real estate, or refinancing a loan from another financial institution
Resident and non-resident
Individuals aged 18–65
AMD
USD
36–240 months
AMD: 3,000,000–200,000,000
USD: 8,000–500,000
13,5%**
10,75%
14,47%
11,35-11,45%
Annuity / Differentiated
(Monthly equal payments of principal and/or interest, respectively)
Cashless
Acquisition, refinancing – single disbursement
Renovation, construction – single or phased disbursement
None
None
None
Not required
0.1% per day
0.13% per day
Acquired, under-construction, or renovated real estate / purchase rights and/or other real estate
At least the purchase price of the acquired property
10% when purchasing from a developer 30%
20% for secondary market purchases
No down payment required for:
Additional collateral
Renovation, construction, and refinancing loans
90% for purchases from a developer 70%
80% for secondary market purchases
70% for renovation loans
For acquisition loans, if the loan/collateral maximum ratio is 50%, income-expense analysis is simplified (for loans up to AMD 30 million or equivalent USD)
Primary market acquisitions: No appraisal required; the sales price stated in the certificate is considered the appraised value.
Secondary market acquisitions: Collateral must be appraised by an independent appraiser cooperating with the bank; the lower of the purchase price or appraised value is used as the appraised value.
Certificate on restrictions: AMD 10,000
State registration of rights: AMD 26,000–52,000
Notarization fee: AMD 12,000–30,000
Collateral appraisal fee: AMD 15,000–25,000
Note: Fees may change regardless of the rates stated above
DTI ≤ 60%
Individual / Legal entity (based on decision of the authorized body approving the loan)
At the time of loan approval, existing loans and guarantees for other persons’ obligations must not be overdue or classified as monitored or worse.
In the last 12 months, the total overdue days of all repaid and active loans must not exceed 30 calendar days
*In the case of acquiring property (the right to purchase) from the newly constructed multi-apartment buildings of "Ord Development" construction company, located at 1st Dead-end, N. Tigranyan Street, No. 1, Yerevan, and the "ML Mining" construction company, located at 137/1 Zakarya Kanakertsi, Yerevan, the nominal interest rate on the loan is 13%, with the actual annual percentage rate starting from 13.8%.