Terms
tariffs
Buy, build and renovate your apartment with Fast Bank
Residential or commercial real estate acquisition (including parking lot)***, development, renovation or loan transfer from another financial institution
Resident and non-resident
Individuals aged 18-65
AMD
USD*
36-240 months
Moreover, renovation loans with a term of more than 120 months can be provided if the client or the person running the joint household has another mortgage loan
AMD 3,000,000-200,000,000
USD 8,000-500,000
13,5%**
10%
14,47%
10.56%
Annuity/Differentiated
(equal monthly payment of principal and/or interest)
Non-cash:
Lump sum for acquisition and refinancing
Lump sum and in installments for renovation and development
None
None
None
None
0.1% daily
0.13 % daily
Real estate to be acquired, developed or renovated/right to purchase and/or other real estate
10% - in the case of purchasing property from a development company
20% - in case of purchasing property from the secondary market, if the property being purchased is in Yerevan
30% - in case of purchasing property from the secondary market, if the property is located in a region
30%
90% - in case of purchasing property from a development company, renovating property in a dilapidated condition, and in case of development loans
70%- in case of purchasing property from the secondary market, if the property being purchased is in Yerevan
70% - in the case of renovation loans and the purchase of property from the secondary market, if the property is located in a region
In the case of acquisition loans, where the maximum loan-to-value ratio is 50%, the income-expense analysis is performed in a simplified manner (for loans of up to AMD 30 million or its equivalent in USD).
70%
In the case of purchasing property from the primary market, no property appraisal is performed; the basis for the appraised value is the value indicated in the sales price statement.
In the case of purchasing property from the secondary market, the pledged property is subject to appraisal by an independent appraiser cooperating with the Bank, with the appraised value being the smaller of the acquisition and appraised values.
- Statement on restrictions: AMD 10,000,
- Fee for state registration of rights: AMD 26,000–52,000,
- Fee for notary certification: AMD 12,000-30,000,
- Pledged property appraisal fee: AMD 15,000-25,000.
- Regardless of fees paid to third parties as specified in these terms, the fees for services provided by them may change.
OTI≤60%
Individual/Legal entity (by decision of the authorized body approving the loan)
- At the time of loan issuance, existing loans and guarantees provided against the obligations of other persons must not be overdue or classified as controlled or under stricter categories,
- Days past due (current and repaid) in the last 12 months must not exceed 30 calendar days.
* Foreign currency loans are provided to:
- only non-resident individuals; in addition, co-borrowers must also be non-residents.
**In case of purchasing property (right to purchase) from multi-apartment buildings under construction at 1 N. Tigranyan Street, 1st Deadlock, Yerevan, of the development company "Ord Development" and at the address 137/1 Zakaria Kanakertsi Street, Yerevan, from the development company "ML Mining", the nominal interest rate of the loan is 13%.
*** A prerequisite for granting a mortgage loan for the purchase of a parking space is the availability of a mortgage loan at the Bank for an apartment (right of purchase) at the same address
! Before signing the agreement, the Organization will provide to you an Individual Key Fact Statement for the mortgage loan, which summarizes essential terms of the loan to be extended to you.
The client receives the offer to sign a contract seven days in advance, and a seven-day cooling-off period.