Mortgage loans for acquisition of the real estates entered into the possession of the Bank


Mortgage loans for acquisition of the real estates entered into the possession of the Bank

Borrower

 

RA citizen and resident individual aged 20 (twenty)

Borrower age shall no exceed 55 (fifty-five)

Co-borrower

RA citizen and resident individual aged 20 (twenty), who is the member of the Borrower family and whose age shall not exceed 55 (fifty-five)  

Loan purpose

Real estate acquisition

Currency

 

USD,

AMD

Maximum loan-to-value ratio

Up to 90% of the property value

Up to 100% in case extra real estate (acceptable for the Bank) is pledged

Loan security

Property to be acquired (also additional property acceptable for the Bank instead of prepayment)

Loan maturity

USD –  up to 180 months,

AMD  – up to 120 months

Annual interest rate

USD - 8%,

AMD - 13%

Loan repayments

Annuity or equal amortization

Principle and interest repayments

Monthly

Penalty on past-due principle  

0.1% daily

Penalty on past-due interest

0.2% daily

Annual interest rate on past-due principle  

CBA bank reference rate  

Requirements to the credit history of the Borrower and Co-borrowers  

Lack of past-due or classified liabilities within 12 months prior to the loan application as well as the total of past-due liabilities shall not exceed 30 days     

Credit rating

In compliance with the Procedure on Mortgage Lending 

Application processing fee

AMD 5.000 (five thousand)

Loan service fee

Not defined

Insurance

Not defined

Penalty for premature repayment

Not applied

 

Go to this link to see the real estate to be alienated by the Bank. 




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