Mortgage Business


BUSINESS MORTGAGE

Loan purpose

Acquisition of real estate (of social, industrial purpose)

Loan currency

USD

Loan maturity

Up to 144 months

Annual interest rate

9% (nine) annually for the loan effective between 1 and 5 years inclusive and Libor (a six-month Libor) + 7% (seven) starting from the sixth year. At that, Libor is changed on the fifth working days of April and October of every year in compliance with Libor set in the London interbank market as of the given day of Yerevan time at 14:00.  

Loan amount

Up to 70% (seventy) of the appraised liquidation value of real estate to be acquired and up to 100% (one hundred) in case additional real estate is pledged. At that, the loan amount cannot exceed 60% (sixty percent) of the total of the appraised liquidation value of real estate to be acquired and the appraised liquidation value of real estate offered as additional collateral, except for cash-backed loans, in case of which the ratio of cash-backed loan to the collateral value can make 100% (one hundred) percent.   

Loan processing fee

0.5% (zero point five) of the loan amount, however, no more than AMD 500,000 (five hundred thousand)    

Repayment schedule

Monthly annuity or even amortization. Flexible and/or seasonal repayment is also possible, depending on the seasonality of the field of activity 

Borrower

Private entrepreneur, legal entity

 




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