Terms
tariffs
Buy, build and renovate your apartment with Fast Bank
RA citizenship
Acquisition of an apartment (from the primary or secondary market) or an individual residential house in the Republic of Armenia, or construction of an individual residential house*
Beneficiary of the state housing program for families displaced from certain regions of Nagorno-Karabakh
AMD
For loan amounts up to 120 months
the certificate value:
AMD 2,000,000-55,000,000
But not more than the amount of support specified in the certificate
If the redemption of the certificate results in a positive balance exceeding 100,000 AMD, it can be used:
1․ For agricultural land acquisition, in the amount of up to AMD 5,000,000;
2․ For renovation of property acquired within the scope of the program, in the amount of up to AMD 4,000,000.
The amount of support is determined according to the residence chosen by the beneficiary family, in particular:
1. AMD 5,000,000 per family member, if the property is located in the area included in Appendix 1 to the document;
2. AMD 4,000,000 per family member, if the property is located in the area included in Appendix 2 to the document;
3. AMD 3,000,000 per family member, if the property is located in all other areas not included in points 1 and 2, except for areas located in Zones 1 and 2 of Yerevan
13%
13,9%-14,03%
0%
Annuity
Non-cash
Lump sum, in case of acquisition
In installments, in case of construction
None
None
None
None
0,1% daily
0,13% daily
Real estate being acquired/constructed, right to purchase the real estate, and if necessary, additional residential real estate.
Moreover, the living area of the apartment or individual residential house being acquired or constructed shall not be less than 9 square meters for each member of the beneficiary family.
For loan amounts up to the certificate value: Up to 100%
List of appraisal companies cooperating with the Bank
AMD 55,000,000
In the case of the construction of an individual residential house, the value may also include the cost of acquisition of a land plot with an area of at least 400 square meters, but not more than AMD 3 million.
- Statement on restrictions: AMD 10,000
- Fee for state registration of rights: AMD 26,000 – 53,000
- Fee for notary certification: AMD 12,000-30,000
- Collateral appraisal fee: AMD 15,000-25,000.
Regardless of fees paid to third parties as specified in these terms, fees for services provided by them may change.
Individual/Legal entity (by decision of the authorized body approving the loan)
Within 18 months after signing the loan agreement
The ownership of the property being acquired/constructed is registered in the names of all members of the beneficiary family.
For loan amounts up to the
certificate value: Not Calculated
For loan amounts exceeding
the certificate value:
! Cases not regulated by these terms and conditions are governed by the RA Government Resolution No. 710-Լ of 16 May 2024.
In case of development, sample plans of houses to be constructed
* The construction of an individual residential house is carried out on the basis of reusable sample plans and cost estimate documents for construction of individual residential houses, based on sample plans and cost estimate documents developed by licensed organizations, processed in due procedure of expert examination and agreed with the Urban Development Committee of the Republic of Armenia, through urban development entities that are license holders of individual residential houses construction.
Acquisition of rural property
ATTENTION: THE LOAN INTEREST IS CALCULATED BASED ON THE NOMINAL INTEREST RATE, WHILE THE ANNUAL PERCENTAGE RATE (APR) SHOWS HOW MUCH THE LOAN WILL COST IF THE INTEREST AND OTHER PAYMENTS ARE MADE WITHIN THE ESTABLISHED TERMS AND AMOUNTS. THE PROCEDURE FOR CALCULATING THE APR IS AVAILABLE ON THE BANK’S OFFICIAL WEBSITE.
ATTENTION: IF YOU FAIL TO FULFILL YOUR OBLIGATIONS OR FULFILL THEM IMPROPERLY, THE BANK SHALL, WITHIN 3 BUSINESS DAYS, SUBMIT SUCH INFORMATION TO THE ACRA CREDIT BUREAU AND THE CBA CREDIT REGISTER, WHERE YOUR CREDIT HISTORY IS FORMED. YOU HAVE THE RIGHT TO OBTAIN YOUR CREDIT HISTORY FROM THE CREDIT BUREAU FREE OF CHARGE ONCE A YEAR.
ATTENTION: A NEGATIVE CREDIT HISTORY MAY HINDER YOUR ABILITY TO OBTAIN A LOAN IN THE FUTURE.
ATTENTION: THE NOMINAL INTEREST RATE OF THIS LOAN MAY BE CHANGED BY THE FINANCIAL ORGANIZATION. THE INTEREST RATE MAY BE CHANGED NO MORE THAN TWICE A YEAR. THE MAXIMUM THRESHOLD FOR INCREASING AND DECREASING THE INTEREST RATE IS SET AT 3.5 PERCENTAGE POINTS, WHICH IS CALCULATED IN RELATION TO THE INITIAL INTEREST RATE OF THE LOAN PROVIDED.
In case of early repayment of the loan by the customer, the loan interest is reduced proportionally, as well as service fees, if any, if the latter is accrued on a daily basis, and payments made to third parties are not subject to reduction.
The terms, terms and tariffs for providing statements, their copies, references and other information are published on the Bank's Other Services Tariffs page: https://fastbank.am/hy/more/other.
Loan processing location:
at all branches of the Bank