Purchasing or the right to purchase an apartment/parking lot or property from buildings under construction at 42/5 Arno Babajanyan Street, Yerevan and 53 Hrachya Acharyan Street, Yerevan

AMD

2,000,000

150,000,000

60 months 

240 months

12.75%

the interest rate can be adjusted starting from the 37th month

13.51%

For the apartment, starting from 10%
For a parking lot, starting from 20% 

Non-cash: in installments or lump sum

• down payment in the amount of 80% of the apartment’s indicative price and 20% of the parking lot’s price
• second stage: 20% of the indicative price of the apartment, as well as in the event of a positive difference between the unit price and the indicative price of the unit, the surcharge** and 80 % of the parking lot price

*indicative price
• For an apartment: 97% of the designed area multiplied by the price of 1 square meter of the apartment, equal to AMD 414,000 (without interior renovation: AMD 364,000)
• for a parking lot, fixed at AMD 3,500,000

** Surcharge: the difference between the apartment's price and the indicative price

• Arno Babajanyan 42/5 building, Yerevan

• For an apartment: 97% of the designed area multiplied by the price of 1 square meter of the apartment, equal to AMD 414,000 (without interior renovation: AMD 364,000)
• for a parking lot, fixed at AMD 3,500,000

• At the address: 53 Hrachya Acharyan Street, Yerevan
• For an apartment: 97% of the designed area multiplied by the price of 1 square meter of the apartment, equal to AMD 448,000 (without interior renovation: AMD 398,000)
• for a parking lot, fixed at AMD 4,400,000

Annuity/Differentiated

Equal monthly payment of principal and 

interest/Equal monthly payment of principal

Real estate to be acquired/right to purchase*
*Additional residential real estate, if necessary.

In case additional real estate is pledged, the real estate is subject to appraisal by an independent appraiser cooperating with the Bank.**

In case of an apartment: 90%
In case of a parking lot: 80%

If the maximum loan-to-value ratio is 50%, the income-expense analysis is performed in a simplified manner
(for loans up to AMD 30 million)

Not required

In the case of acquiring the right to purchase real estate, no appraisal is performed. The collateral value is based on the indicative price indicated in the offer issued by the Urban Development Committee*. Upon receipt of the real estate ownership certificate, the property is subject to appraisal by an independent appraiser cooperating with the Bank.

An individual recognized as a beneficiary within the framework of the program for providing housing to public servants (program beneficiary)

Family members of the program beneficiary, as well as third parties (including those who are not family members).

Individuals aged 18-65

•Current loans and guarantees provided against other persons' obligations at the time of loan issuance must not be past due or classified as controlled or in more stringent classes,
•The total number of days past due for all (repaid and current) loans during the last 12 months must not exceed 60 calendar days

OTI≤60%

Not defined

Not required

0.1% daily

0.13 % daily

Not applied

• Stable source of income (including secondary sources of income, in case of having secondary income, the Borrower must substantiate them with appropriate documents, as much as possible),
• positive or neutral credit history,
• compliance of the collateral with the criteria acceptable to the Bank,
• reliable and complete documents.

Negative credit history
•Insufficient income
•risky area of the client's income source,
•the borrower provided unreliable information.

! Cases not regulated by these terms and conditions shall be regulated by:
•Urban Development Committee
•Decision of the Government of the Republic of Armenia No. 1826-N of 19 October 2023
•Decision of the Government of the Republic of Armenia No. 518-N of 12 April 2024