MORTGAGE LOANS

   

ARMSWISSBANK offers attractive and affordable mortgage loans for real estate purchase, renovation or construction.

ARMSWISSBANK CJSC is the first in the market that set in motion a new service- loan pre-approval that allows you to:

  • Find out the maximum amount of money available to you from the Bank for real estate purchase before searching for real estate;
  • get the loan in a short period of time after choosing real estate;
  • Negotiate the price of the apartment with the seller.

To use the pre-approval service, please complete the following application:

Pre-approval application

We offer young families to improve living conditions by using

  • «National Mortgage Company RCO» CJSC or
  • «Affordable Housing for Young Families» RCO CJSC Program
Loan terms and conditions:
CurrencyAMD
Loan purpose Purchase of residential areas, construction and renovation
Amount 10 million - 60 million

Period (months)
Purchase 120-240
Renovation 60-120
Construction 120-240

Annual nominal interest rate
Purchase 9,5%-13,5%*
Renovation
Construction
Purchase The interest rate can be changed in the case of changing the cost of the loan provided by the programs
Renovation
Construction
Actual annual interest rate 9,77%-15,98%
Loan registration location Head office
Interest calculation procedurecalculated against the decreasing balance of the loan amount: based on 365 days a year
Repayment frequencyMonthly
Maximum LTV ratioMaximum 80% (in case of acquisition, construction and renovation)Up to 90% in case of purchasing property from a new building)
Minimum prepayment amount (%from the value of purchased estate) 30%, In case of another collateral from 10% or 20% insurance of prepayment;7.5% for unmarried beneficiaries under 30, if the apartment is purchased from the constractor and there is either other collateral or prepayment insurance, Loan / collateral ratio with the amount exceeding 70%
In case of loans granted for construction purposes, the maximum amount of the billed amount is financed 80%
In case of loans granted for renovation purposes, the maximum amount of the billed amount is financed 100%
Providing form non-cash, cash
Loan provision decision making deadline Within 3 business days
Informing the customer about the decision to provide Within 1 business days
The date of actual providing of the amount Within 5 business days after the customer submits all the necessary documents for the loan processing
Review of approved/non-provided loan conditions AMD 50,000, but not more than the fee charged/to be charged for the previous decision

Fees for services provided by the Bank and third parties
One-time fee for loan providing AMD 25,000 for pre-approval which will be later offset from the loan providing fee. In case of purchase, renovation and construction of real estate 0.5%, minimum AMD 50,000.
Other service chargesMissing
Approximate annual insurance expense /% of loan balance (insurance can be carried out by any insurance company)insurance in case of loss of collateral and loss of ability to work as a result of an accident is 0.3% -0.5% of loan amount insurance of the prepayment: 2-3% of the amount of the insurance prepayment
Approximate expense of the collateral estimationսկսած 15,000 ՀՀ դրամից մանրամասն տեղեկատվություն ստանալու համար տես Բանկի հետ համագործակցող մասնագիտացված գնահատող կազմակերRությունների ցանկը
Approximate other necessary expenses related to pledge registration and state registrationմոտ 100,000 ՀՀ դրամ` կախված գույքի տեսակից և գտնվելու վայրից
Cash withdrawal 0%
Repayment method Monthly annuity or equal payments of principal amount as per customer's request
Early repayment0%, except for the case of refinancing the loan by other financial institutions, when applied the early repayment penalty will be 0.6% of the amount repaid in the first year, 0.4% in the second year, 0.2% in the third year
In case of delay in repayment of the loan amount and interest- Percentage of repayable amount 0,1%
interest rate on the amount of overdue loan Provided by the requirements of Article 411 of Civil Code of RA
Penalty for obstructing monitoring activities AMD 50,000
Penalty for non-purposeful use of loan amount or part of it Up to 10% of non-purposeful use
Modification / revision of the terms, repayment schedule of the existing contract (loan, pledge, etc.), AMD 50,000

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Loan terms and conditions:
CurrencyAMD
Loan purpose Acquisition, construction and renovation of residential areas
Amount 3,000,000 - 45,000,000

Period (months)
Purchase 120-240
Renovation 60-120
Construction 120-240

Annual nominal interest rate
Purchase 8,5%-9,5%*
Renovation
Construction
Purchase The interest rate can be changed in the case of changing the cost of the loan provided by the programs
Renovation
Construction
Actual annual interest rate 8,82%-10,56%
Loan registration location Head office
Interest calculation procedurecalculated against the decreasing balance of the loan amount: based on 365 days a year
Repayment frequencyMonthly
Loan / collateral maximum ratioMaximum 70% (in case of purchase and construction)Maximum 70% (in case of renovation)
Minimum prepayment amount (%from the value of purchased estate) 30%, in case of other collateral, starting from 10% or 20% down payment insurance
In case of loans granted for construction purposes, the maximum amount of the billed amount is financed 80%
In case of loans granted for renovation purposes, the maximum amount of the billed amount is financed 100%
Providing form non-cash, cash
Loan provision decision making deadline Within 3 business days
Informing the customer about the decision to provide Within 1 business days
The date of actual providing of the amount Within 5 business days after the customer submits all the necessary documents for the loan processing
Review of approved/non-provided loan conditions AMD 50,000, but not more than the fee charged/to be charged for the previous decision

Fees for services provided by the Bank and third parties
One-time fee for loan providing AMD 25,000 for pre-approval which will be later offset from the loan providing fee. In case of purchase, renovation and construction of real estate 0.5%, minimum AMD 50,000.
Other service chargesMissing
Approximate annual insurance expense /% of loan balance (insurance can be carried out by any insurance company)insurance in case of loss of collateral and loss of ability to work as a result of an accident is 0.3% -0.5% of loan amount insurance of the prepayment: 2-3% of the amount of the insurance prepayment
Approximate expense of the collateral estimationսկսած 15,000 ՀՀ դրամից մանրամասն տեղեկատվություն ստանալու համար տես Բանկի հետ համագործակցող մասնագիտացված գնահատող կազմակերRությունների ցանկը
Approximate other necessary expenses related to pledge registration and state registrationմոտ 100,000 ՀՀ դրամ` կախված գույքի տեսակից և գտնվելու վայրից
Cash withdrawal 0%
Repayment method Monthly annuity or equal payments of principal amount as per customer's request
Early repayment0%, except for the case of refinancing the loan by other financial institutions, when applied the early repayment penalty will be 0.6% of the amount repaid in the first year, 0.4% in the second year, 0.2% in the third year
In case of delay in repayment of the loan amount and interest- Percentage of repayable amount 0,1%
interest rate on the amount of overdue loan Provided by the requirements of Article 411 of Civil Code of RA
Penalty for obstructing monitoring activities AMD 50,000
Penalty for non-purposeful use of loan amount or part of it Up to 10% of non-purposeful use
Modification / revision of the terms, repayment schedule of the existing contract (loan, pledge, etc.), AMD 50,000

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Loan terms and conditions:
Currency AMD
Loan purpose Purchase of residential real estate
Amount: 1 million – 27,75 million in case of purchasing from primary market (directly from constructor) 1 million – 22,5 million in case of purchasing from secondary market (non directly from constructor)
Period (months) 120-180
Annual nominal interest rate In case of purchasing from constructor 7.0% -7.50%
Purchase from secondary market (non directly from constructor)
• In the regions of RA - 3.0% -3.75%
• In Yerevan - 5.0-5.75%
The rates of the subsidy by the Ministry of Finance of the Republic of Armenia has already reduced
Purchase The interest rate can be changed in the case of changing the cost of the loan provided by the programs
actual annual interest rate 3.34%-11.94%
Place of loan registration Head office
Interest calculation procedurecalculated against the decreasing balance of the loan amount: based on 365 days a year
Repayment frequencyMonthly
Loan / collateral maximum ratio Purchase from constructor 80%Purchase from secondary market (non directly from constructor)70%
Minimum Prepayment (% from the value of purchased property) When purchasing from constructor 20%, in case of other collateral starting from 7,5% or 12,5% prepayment insurance
When purchasing from secondary market (non directly from constructor) 30%, in case of other collateral starting from 10% or 20% prepayment insurance
In some cases, the company guarantee may be accepted from the list of 300 largest taxpayers of Armenia instead of other collateral, but not more than 20%.
Providing form non-cash, cash
Loan provision decision making deadline Within 3 business days
Informing the customer about the decision to provide Within 1 business days
Actual Providing /Disbursement Amount Within 5 business days after the customer submits all the necessary documents for loan processing
Review of approved/non-provided loan conditions AMD 50,000, but not more than the commission / fee charged/to be charged for the previous decision

Fees for services provided by the Bank and third parties
One-time fee for loan providing AMD 25.000 for pre-approval which will be later offset from the loan providing fee. In case of purchase, renovation and construction of real estate 0.5%, minimum AMD 50,000.
Other service charges Missing
Approximate annual insurance expense /% of loan balance (insurance can be carried out by any insurance company) insurance in case of loss of collateral and loss of ability to work as a result of an accident is 0.3% -0.5% of loan amount insurance of the prepayment: 2-3% of the amount of the insurance prepayment
Approximate expense of the collateral assessment starting from AMD 15,000 For more information, see the List of specialized appraisers cooperating with the Bank
Approximate other necessary expenses related to pledge registration and state registration around AMD 100,000 depending on the type of property and location
cash withdrawal 0%
Repayment method Equal monthly or annuity payments as per customer's request
Early repayment 0%, except for the case of refinancing the loan by other financial institutions, when applied the early repayment penalty will be 0.6% of the amount repaid in the first year, 0.4% in the second year, 0.2% in the third year
In case of delay in repayment of the loan amount and interest from the amount to repayment 0,1%
interest rate on the amount of overdue loan Provided by the requirements of Article 411 of the RA Civil Code
Penalty for obstructing monitoring activities AMD 50,000
Penalty for non-purposeful use of loan amount or part of it Up to 10% of non-purposeful use
Modification / revision of the terms, repayment schedule of the existing contract (loan, pledge, etc.), AMD 50,000

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In cooperation with the French Development Agency, we are also presenting an energy efficient lending program of the National Mortgage Company CJSC, which aims to finance the renovation of residential real estate.

This program will allow you to:

  • Reduce energy consumption
  • Get long-term financing with a grace period


Loan providing conditions
Currency AMD
Loan purpose Renovation of residential real estate to increase energy efficiency
Amount AMD 275,000-3,000,000
Period (months) 60-84, of which 6-12 months grace-period (as desired)
Annual monthly interest rate 11%
Renovation The interest rate can be changed by changing the cost of the loan provided by the programs
Actual annual interest rate 11.79%
Grant The borrower receives a grant of 5% or 15% of the contractual amount of the loan
Loan registration location Head office
Interest calculation procedure They are calculated with respect to the reduced balance of the loan amount 365 days a year
Repayment frequency Monthly
In case of loans for repairs, the maximum amount of the loan is financed 100%
Providing form non-cash, cash
Provisioning deadline Within 3 business days
Informing the customer about the decision to provide Within 1 business days
The date of actual providing of the amount Within 5 business days after the customer submits all the necessary documents for the loan processing
Review of approved/non-provided loan conditions AMD 50,000, but not more than the commission / fee charged/to be chaged for the previous decision

Fees for services provided by the Bank and third parties
One-time loan approval fee AMD 15,000
Other service charges Missing
Cash withdrawal 0%
Repayment method Equal monthly or annuity payments as per customer's request
Early repayment 0%, except for the case of refinancing the loan by other financial institutions, when applied the early repayment penalty will be 0.6% of the amount repaid in the first year, 0.4% in the second year, 0.2% in the third year
In case of delay in repayment of the loan amount and interest from the amount to repayment 0,1%
interest rate on the amount of overdue loan Provided by the requirements of Article 411 of the RA Civil Code
Penalty for obstructing monitoring activities AMD 50,000
Penalty for non-purposeful use of loan amount or part of it Up to 10% of non-targeted use
Revision / revision of the terms of the existing contract (loan, pledge, etc.), repayment schedule AMD 50,000

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Calculate your future savings using the online tool "JERM OJAKH"using the online tool "JERM OJAKH":

Attention: "JERM OJAKH" also provides 5 or 15 percent bonus of the loan.

The project is implemented by the National Mortgage Company through a $ 13.8 million credit line from the French Development Agency (Agence Francaise de Development), as well as a € 0.7 million grant from the Neighborhood Investment Facility.
This publication has been produced with the financial support of the European Union. It does not imply responsibility of the European Union or French Development Agency.

AFD NMC

Loan terms and conditions:
Currency AMD USA EUR
Loan purpose purchase, construction and renovation of residential and commercial areas
Amount 10 million - 100 million30,000 - 200,000 20,000 - 200,000
Period (months)
Purchase 1-240 1-240 1-240
Renovation 1-120 1-120 1-120
Construction 1-240 1-240 1-240
Annual nominal interest rate
Purchase Fixed interest rate for the first 36 months
Floating Floating (variable) interest rate for 37-240 months
Renovation
Construction
Purchase For the first 36 months 13-14% for 37-240 months fixed component base rate 1* + (2-7%) (main indicator),in case of unavailability of the main indicator fixed component 11+ (2-7%) (secondary indicator) Floating (validale) 9.5-10.5% for the first 36 months,base rate 2*+(7.9-10.9%) for the 37-240 months (main indicator), if the main indicator is unvailable base rate 21+(5-8%)(secondary index)
Fixed rate for whole period (maximum 180 months)
10,0-11,0% 		Floating rate 7.75-9,25%,for the first 36 months,base rate 3*+(7.75-10.75%) of the 37-240 months (main indicator), if the main indicator is unvailable base rate 31+(7.75-10.75%) (secondary index)
Fixed rate for the whole period (maximum 180 months)
8.00-9.50%
Renovation
Construction
Actual annual interest rate
13,53% - 15,3% 10,14% - 15,47% 9,37% - 14,64%
Loan registration location Head office
Interest calculation procedure calculated against the decreasing balance of the loan amount: based on 365 days a year
Repayment frequency Monthly
Maximum LTV ratio Maximum 80% (in case of acquisition, construction and renovation)
Up to 90% in case of purchasing property from a new building		 Maximum 70% (in case of acquisition,construction and renovation) Maximum 70%
Minimum down payment (% of the value of the acquired property) Minimum 20%, in case of other collateral starting from 0%
Minimum 10% in case of purchase of property from a new building, in case of other collateral starting from 0%		 Minimum 30%, in case of other collateral starting from 0% 30%, in case of other collateral,starting from 10% or 20% down
30%, in case of other collateral, starting from 10% or 20% down payment insurance
7.5% for unmarried beneficiaries under 30 years of age, if the apartment is purchased from the developer payment insurance
In case of loans for construction purposes, the maximum amount of estimated loan is financed 80%
In case of loans for renovation purposes, the maximum amount of estimated loan is financed 100%
Providing form non-cash, cash
Provisioning deadline Within 3 business days
Informing the customer about the decision to provide Within 1 business days
The date of actual providing of the amount Within 5 business days after the customer submits all the necessary documents for the loan processing
Review of approved/non-provided loan conditions AMD 50,000, but not more than the commission / fee charged/to be charged for the previous decision

Fees for services provided by the Bank and third parties
One-time loan approval fee AMD 25.000 for pre-approval which will be later offset from the loan providing fee. In case of purchase, renovation and construction of real estate 0.5%, minimum AMD 50,000.
Other service charges Missing
Approximate annual insurance expense /% of loan balance (insurance can be carried out by any insurance company) insurance in case of loss of collateral and loss of ability to work as a result of an accident is 0.3% -0.5% of loan amount insurance of the prepayment: 2-3% of the amount of the insurance prepayment
Approximate expense of the collateral assessment starting from AMD 15,000For more information, see the List of specialized appraisers cooperating with the Bank
Approximate other necessary expenses related to pledge registration and state registration around AMD 100,000 depending on the type of property and location
Cash withdrawal 0%
Repayment method Equal monthly or annuity payments as per customer's request
Early repayment 0%, except for the case of refinancing the loan by other financial institutions, when applied the early repayment penalty will be 0.6% of the amount repaid in the first year, 0.4% in the second year, 0.2% in the third year
In case of delay in repayment of the loan amount - Percentage from the repayable amount 0,1%
In case of delay in repayment of the interest amount - Percentage from the repayable amount 0,1%
interest rate on the amount of overdue loan Provided by the requirements of Article 411 of the RA Civil Code
Penalty for obstructing monitoring activities AMD 50,000
Penalty for non-purposeful use of loan amount or part of it Up to 10% of non-purposeful use
Modification / revision of the terms, repayment schedule of the existing contract (loan, pledge, etc.), AMD 50,000

* Annual interest rate on loans under the National Mortgage Company program depends on the loan term and the amount of prepayment

** in some cases, the Bank may also accept the conclusion given by another etimating company

Interest rates on loans in USA and in EUR for the purchasing, repairing and construction of real estate will be determined by taking into consideration if the Borrower is the clientin the bank, the credit / collateral ratio, the credit history and a number of other factors. Changes in foreign exchange rates may affect loan repayments (in the case of foreign currency loans).

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ATTENTION:

NOMINAL INTEREST RATES OF LOANS PROVIDED BY THE BANK CAN BE CHANGED BY THE BANK (in case the interest rate on the loan is variable)

Base Rate 1 - is the 6-month yield curve rate of government bonds with the repayment curve reflected in page https://www.cba.am/am/SitePages/fmofinancialmarkets.aspx or at the home page of Armswissbank CJSC. If the underlying index becomes inaccessible and the floating rate is unavailable for the next period, then the secondary index - Base Rate 11, which represents the Refinancing Rate (REPO) set by the Central Bank of Armenia, is taken into account. Repo interest rate is always published on the website of the Central Bank of Armenia www.cba.am

The floating rate of the loan in AMD can be changed (up or down) to a maximum of 4% (maximum and minimum) of the approved interest rate.

Base Rate 2 - Intercontinental Exchange Benchmark Administration Ltd- Intercontinental Exchange Benchmark Administration Ltd offered for 6 months London Interbank Rate in USD, reflected in page https://www.theice.com/marketdata/reports/170 or at the home page of Armswissbank CJSC. If the underlying index becomes inaccessible and the floating rate definition for the next period becomes impossible, then the secondary index, Base Rate 21, is taken into account, which is the 6-month-to-maturity yield curve of US Treasury Bonds, which is reflected in pagehttps://www.treasury.gov/resource-center/data-chart-center/interest-rates/pages/textview.aspx?data=y...

The floating rate of the loan in USD can be changed (up or down) to a maximum of 3% (maximum and minimum) of the approved interest rate.

Base Rate 3 - European Money Market Institute Interbank euro zone rate recommended for 6 months in EUR reflected in page https://www.emmi-benchmarks.eu/euribor-org/euribor-rates.htmlor at the home page of Armswissbank CJSC. If the underlying index becomes inaccessible and the floating rate definition for the next period becomes impossible, then the secondary index, Base Rate 31, which is the 6-month yield curve rate of the European Union Treasury Bonds, which is reflected in page https://www.ecb.europa.eu/stats/financial_markets_and_interest_rates/euro_area_yield_curves/html/ind...

The floating rate of the loan in EUR can be changed (up or down) to a maximum of 2,5% (maximum and minimum) of the approved interest rate.

For loans under these conditions BR1, BR2 and BR3 may be changed twice a year at 12:00 on the first business day of February and July, with change effective 30 calendar days after publication.

If the underlying index becomes inaccessible and the floating rate definition for the next period becomes impossible, then the secondary index is taken as basis and BR11, BR21 and BR31 may be changed twice a year on the first business day of February and July based on the indicators of December-May of the previous year published, with change effective 30 calendar days after publication.

N1. General Documents:Notes✔
1. Application form the form provided by the Bank R
2. ID, passport, identification, card copy R
3. Passport of the Borrower’s spouse copy R
4. Marriage certificate of the Borrower copy R
5. Reference from workplace about salary and position original, / sealed and signed by the director of the organization/ AR
6. Statements of acoounts with other banks (for the last 12 months) original AR
7. Existing Loan, collateral and other contracts copy AR
8. Rent / Lease contracts / agreements copy AR
9. Ownership certificate(s) of other property owned by the Borrower copy AR
10. Document package of related company with the borrower copy AR
11. Calculations and reports submitted by the SRC/State Revenue/ Income/ Committee to the related company with the borrower copy AR
12. Reference from the State Committee of Population copy AR
13. Other documents (reference on loan accounts, power of attorneys, etc.) original / copy AR
N2. Documents required for pledgingNotes✔
1. Certificate of ownership of the collateral copy R
2. ID, passport, identification card of the owner of the collateral and/or the guarantor(s) copy
3. ID, passport, identification card of the collateral’sowner(s)’ spouse copy R
4. Marriage certificate of the owner(s) of the collateral copy R
5. Legal documents of the company owning the collateral andID/ passport of the director copy R
6. Reference from the State Register/Depository about changesin the statute, shareholders and director of the companyowning the collateral original original /Submitted after the loan confirmation by Credit Committee// ը
7. Decisiomn of the authorized body of the company owning thecollateral about making a pledge original / Submitted after the loan confirmation by Credit Committee / R
8. Collateral Assessment/Estimating Report At the initial stage it is possible to submit a reference R
9. Unified certificate from the State Committee of the RealEstate Cadaster original / Submitted after the confirmation by Credit Committee / R
10. Vehicle Registration Certificate / Technical Passport copy R
11. State registration certificate for the ownership registration ofthe vehicle copy /Submitted after the loan confirmation by Credit Committee / R
12. Reference about the limitations on the disposal of the vehicle original / Submitted after the loan confirmation by Credit Committee / R
13. Agreement from the lessee of the collateral original / Submitted after the loan confirmation by Credit Committee / AR
14. Agreement from other Banks about consecutive pledging original AR
15. Insurance certificate(s) of the collateral copy/original / Submitted after the loan confirmation by Credit Committee / AR
16. Other documents ( documents certifying the purchase of thecollateral, authority issued by pledgee, spouse’snotary certified agreements ) original /copy AR

* In case of advance collateral, some of the documents might not be required by the Bank.

-The Bank might require the client to insure the collateral and/or life against accidents.

-The documents requested by the Bank can be required (R) or at request (AR).

-Documents listed in point 10 -12 are required if the collateral is a vehicle or other fixed/working asset.

- Due to various circumstances the Bank may require additional documents and information.

MORTGAGE LOAN PROVIDING PERIOD
Deadline for providing decision Within 3 business days
Informing the customer about the decision to provide Within 1 business days
Actual providing deadline of the amount Within 5 business days after the customer submits all the necessary documents for loan processing

LIST OF SPECIALIZED ASSESSMENT ORGANIZATIONS COOPERATING WITH "ARMSWISSBANK" CJSC
Organization Phone Address Email address
AKCERN-ELITA LLC + (374 10) 27 76 62
+ (374 91) 27 76 62 		Yerevan, 12 Vagharsh Vagharshyan str. [email protected]
AMINTAS GROUP LLC + (374 10) 43 22 76
+ (374 96) 43 22 76
Yerevan, 23/6 Artsakh str. [email protected]
ARVM CONSULT LLC + (374 10) 54 64 90
+ (374 98) 94 44 49 		Yerevan, Tpagrichneri str., 114 Building [email protected]
UPTIME LLC + (374 60) 53 53 71
+ (374 98) 53 53 14 		Yerevan, Yekmalyan str., 6 Building,
5th Floor (in "Business Pale" building) 		[email protected]
A.G. BORSA LLC + (374 10) 25 18 18 Yerevan, Nairi Zaryan str., 22 Building, 3rd Floor [email protected]
BILDAP LLC + (374 55) 54 71 60 Yerevan, Zaqyan str., 1 Office [email protected]
BELIEVE LLC + (374 94) 22 11 11 Yerevan, Mashtots Ave., 9-14 Building [email protected]
GARDI LLC + (374 95) 52 05 90 Yerevan, Tumanyan str., 8 building, 317 room [email protected]
COST CONSULT LLC + (374 10) 54 48 82 Yerevan, Pavstos Buzand str., 1 Building, Area 51 [email protected]
VMRP LLC + (374 10) 58 87 97 Yerevan, Vardanants str. Blind Alley, 8 Building [email protected]
OLIVER GROUP LLC +(374 10) 54 27 40 Yerevan, 8 Tumanyan str. [email protected]
INEX LLC + (374 77) 51 81 16
+ (374 55) 51 81 15 		Yerevan, Orbeli Yeghbayneri str., 45 bld,
office 403 		[email protected]
FINLAW LLC + (374 10) 50 60 00
+ (374 91) 91 91 55 		Yerevan, Nalbandyan str., 50 bld, apt. 3 [email protected]

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- Penalties will accrue if you do not fulfill your obligations on time.

- In case of overdue loan liabilities, the accumulated penalties will be paid at first, then the accumulated bank interest rate, then the contractual interest, then principal amount.

- Attention: in case of default or failure to fulfill your obligation, the creditor sends this information to the credit bureau within 2 (two) business days where your credit history is recorded.

- You have the right to get your credit history information free of charge once a year from the credit bureau.

- Attention: bad credit history can prevent you from getting a loan in the future.

- Attention: loan interest rates are calculated based on nominal interest rates. And the actual annual interest rate shows how much the loan will cost you if the interest rates and all mandatory loan and service payments will be done within the prescribed period and volume. The procedure for calculating the actual annual interest rate can be found at: https://abcfinance.am/calculators/loancalc.html All the expenses required for loan provision are included in the actual interest rate calculation.

- Warning: Your property (home, car or other) may be confiscated by law if you fail to make your interest and loan repayments on time.

- Changes in foreign exchange rates may affect loan repayments.

- In case of default on your pledge account, if the pledge is not sufficient to cover your credit liabilities, repayment of liabilities on your other property (if any are) is possible.

- To find out the terms, conditions and tariffs for providing statements, their copies, references and other information during the term of the contract, please consult the page "Accounting for Legal Entities and Individual Entrepreneurs"

- The guarantor is also responsible for repaying the loan,

- The guarantor has the right to receive compensation from the borrower for payment of the loan

- The creditor is obliged to warn the guarantor about the loan repayment

- In case the borrower fails to repay the loan, the guarantor may appear in the "Bad creditors list".

www.abcfinance.am

www.acra.am


* Changes in foreign exchange rates may affect loan repayments (in foreign currency loans).
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