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Terms
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Buy, build and renovate your apartment with Fast Bank
AMD
3,000,000-60,000,000 AMD
60-120 months
* For loans in excess of AMD 35,000,000 and/or where the debt-to-income ratio is 45%-60%, the interest rate is 16% and 17%, respectively.
** If the loan meets the energy efficiency criteria, the interest rate goes down by 0.5 percentage point.
60-84 months - 14.4-15.7%
85-120 months - 15.5-16.5%
! For employees of "Fast Bank" CJSC and its affiliated organizations, the annual nominal interest rate for this loan type is 1 percentage point lower.
Real estate being renovated
Other collateral may be required
! (The Mortgage Agreement is notary certified)
0.1% daily
0.13% daily
None
The borrower has the right to repay the loan in full or in part before the due date.
No early repayment penalty is applied.
Annuity
/equal monthly payment of principal and interest/
70% of the market value of the property
The collateral is appraised by an independent property appraisal agency cooperating with the Organization.
Insurance of the real estate being renovated
Accident insurance of a borrower
! Insurance coverage is provided for the outstanding loan balance in favor of the Organization throughout the entire term of loan.
RA citizen and resident individual aged 21-65, whose age at the loan repayment end date does not exceed 65.
RA citizen and resident individual aged 18-65.
Co-borrowers may be the Borrower's father, mother, spouse, spouse's parents, grandparents, siblings, children, sibling's spouse and children.
! Before signing the agreement, the Organization will provide to you an Individual Key Fact Statement for the mortgage loan, which summarizes essential terms of the loan to be extended to you.