Credit for purchasing housing property “Privileged+”
Credit for purchasing housing property “Privileged+”
“Privileged+” Credit for purchasing housing property (Primary and secondary market) | |||||
Purpose |
Credit for purchasing housing property on the primary and secondary market. | ||||
Target group |
RA residents, having stable income | ||||
Maximum credit sum |
A | ||||
150,000 USD | |||||
Credit currency |
USD | ||||
Maximum credit period (months) |
A | ||||
180 | |||||
Minimum prepayment |
A | ||||
10% + additional collateral-real estate | |||||
Annual interest rate |
A | ||||
12.9% | |||||
Credit interest is computed on the reduced credit reminder. During the validity of the credit contract the Bank does not change the nominal interest rate if the borrower does not break terms of the contract. Credit interest is computed on the basis of the nominal interest rate. The actual interest rate shows the cost of the credit in case of timely payment of interest and other fees. Please see the annual actual interest rate calculation formula here. During the validity of the credit contract the Bank does not change the nominal interest rate if the borrower does not break terms of the contract. | |||||
|
1. Commission fee provided for the credit granting-to the 0.5% of the credit sum, but not less than 80.000 AMD 2. Cash-withdrawal commission (according to the tariffs for cashing at the time of withdrawal from the account) | ||||
Credit provision order |
The credit is provided cashless. | ||||
Credit repayment order |
The interests are computed on the reduced credit reminder. | ||||
Pre-payment possibility |
Is allowed without any penalties | ||||
Penalties |
For delay in payment of principal credit sum |
0,2% on the overdue amount for each day of delay until the day of redemption | |||
For not paying interests |
0,2% on the overdue amount for each day of delay until the day of redemption | ||||
Security |
Collateral |
Acquired real estate and additional collateral – minimum to the 40% of acquired real estate valuated value. Additional collateral must be in the locality of A, B or C | |||
Third person guarantee |
Is not obligatory The appropriateness is determined by Bank | ||||
Attention! In case of interests and credit amount repayments not in time, the pledged property can be confiscated and the information on the borrower will be registered in the Credit Register. In case of credit debts not fulfillment and debts repayment at the collateral 's expense, it is possible debts repayment at the expense of the other property of the borrower if the collateral is not enough to cover borrower’s credit debts. | |||||
The collateral is estimated and insured by companies cooperating with the bank /see the list here/. The price range of additional services is:
| |||||
The ratio of the loan amount to the pledge
|
Maximum 80% | ||||
Collateral valuation |
Obligatory by the independent licensed appraiser company at the borrower’ expenses | ||||
Insurance |
Property |
Obligatory | |||
Personal |
Obligatory | ||||
Requirements to the collateral |
1. Apartment
The apartment should be highly liquid. The credits are not issued in buildings with high wear. 2. House
Own house should have a plot of land with separate convenient entrance. The house should not have common walls with neighbors. Minimum floor area - 100 sq.m. |
Area sample of settlements of RA
Territorial limitation |
Settlement |
A |
Yerevan |
B |
Gumri, Vanadzor, Abovyan, Jrvej, Dzoraghbyur, Echmiadzin |
C |
Tsakhkadzor, Argavand, Parakyar, Kasakh, Aring, Stepanakert, Hrazdan, Tashir, Sevan, Armavir, Martuni, Ashtarak, Kapan, Artashat, Ijevan, Dilijan, Stepanavan,Zovuni, Eghvard, Ptghni, Eghegnadzor, Jermuk, Artik, Gavar, Alaverdi |
Credit application consideration period
Maximum period for the decision acceptance on the credit application. |
Within 4 days, after all the necessary documents presentation. |
Maximum period for notification to the client on the Bank decision. |
Within 1 days |
Maximum period for credit granting |
Within 1 working day after collateral state registration. |
Updated: 10/08/18 17:15