Real estate secured express loans | ardshinbank

Real estate secured express loans

Credits with pledge of real estate without documents confirming incomes with a term of 60-120 months.

Purpose

1. Consumer

2. Refinancing the borrower’s loan serviced by another financial organization and secured by the same real estate, and providing a new credit limit 

Currency

AMD

Annual interest rate

16 - 19% (fixed rate) 
SR+6% - SR+8% (floating rate)
Annual actual interest rate 16.5 - 23%1

Term

60-180  months

Credit limit*

AMD 1,000,000 - 150,000,000 

Maximum loan/pledge ratio 80%

1Due to third party payments, the actual interest rate may be higher

 

INFORMATION NOTE

 

By increase of limit

Without increase of limit

Application submission place

The Bank branches, CSD

Loan currency

AMD, USD, EUR

Purpose

Refinancing of loans/credit lines of the borrower and other persons in the RA banks and credit organizations (except for “Ardshinbank” CJSC), and the share of real estate covered loan in the structure of the refinanced obligation must be at least 50%

Refinancing of loans/credit lines of the borrower in the RA banks and credit organizations (except for “Ardshinbank” CJSC) for loans in USD and EUR (also upon the borrower’s request), if the loan was used for renovation, and the share of real estate covered loan in the structure of the refinanced obligation must be at least 50%

Minimum amount

The full amount of the refinanced obligation + the amount of the insurance premium paid at the expense of credit funds

Maximum amount

110% of maximum limit per the borrower

According to LTV max

LTV max

80%

Maximum term

180 months

Credit vacation terms

Deferral of loan installments (principal loan and interest) for 6 months: for the first 6 months no interest is accrued for the loan, the interest rate is set at 0%.

When using a credit vacation:

- loan term: 120 months,

- one-time fee for loan issuance: 5% of the loan amount,

- type of interest rate: fixed

Annual interest rate

1. Floating: SR+6%- SR+8% in AMD,

2. Fixed: 17-19% in AMD, 12-15.5% in USD, 11-14.5% in EUR

1. Floating: SR+5%,

2. Fixed: 15% in AMD, 11.5% in USD, 10.5% in EUR

In case of failure to carry out the insurance provided for by the conditions:

1 percentage point higher

 

Annual effective interest rate

16.8% - 22,9 % %

 

Information note

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Page Updated on Thu, 2022-08-18 17:07
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