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For Private Clients

Mortgage Loans

Want to buy real estate?
Ameriabank offers you a wide range of mortgage loans.

 

NEW MORTGAGE LOAN CAMPAIGN

 

Currency and disbursement method
Loans are available to the client in AMD, USD and EUR in non-cash form and are credited to the borrower’s account with the bank.

The pledged real estate should be appraised by an independent company cooperating with the bank. The company is selected by the client from the approved list.
Real estate appraisal cost: 13,000-30,000 Armenian drams, depending on the area and type of property
Notary’s fee: 14,000-18,000 Armenian drams
Real estate state registration fee: 26,000-81,000 Armenian drams
Charge for the unified statement on real estate encumbrance: 10,000 Armenian drams


Revision of interest rate
THE BANK MAY REVIEW THE CURRENT INTEREST RATE, AND BASED ON THE AVERAGE MARKET INTEREST RATE OR DEFAULT BY THE BORROWER, CHANGE THE ANNUAL LOAN INTEREST RATE AT ITS SOLE DISCRETION, BY ISSUING AT LEAST ONE MONTH PRIOR WRITTEN NOTICE TO THE BORROWER. SUCH NOTICE WILL BE CONSIDERED A BASIS FOR APPLYING THE NEW INTEREST RATE FROM THE DATE SPECIFIED THEREIN.

ATTENTION! IN CASE THE PROCEEDS FROM THE SALE OF THE COLLATERAL ARE NOT SUFFICIENT TO RECOVER THE OUTSTANDING LOAN, INTEREST AND OTHER AMOUNTS PAYABLE, THE BANK SHALL BE ENTITLED TO CHARGE ADDITIONAL AMOUNTS FROM THE BORROWER OR FORECLOSE OTHER EQUIVALENT PROPERTY ACCORDING TO THE PROCEDURE DEFINED BY THE ARMENIAN LEGISLATION.

Lending decision
The Bank makes an initial decision within 2 (two) banking days following receipt of the loan application. The final decision is made during no more than 8 (eight) business days after the client submits the complete set of required documents to the bank, and is communicated to the client within one business day. The loan proceeds are disbursed one business day after (i) the security agreements contemplated in the loan agreement are in place, i.e. are registered in form and substance satisfactory to the bank and signed pursuant to the Republic of Armenia legislation, (ii) the pledged assets are insured by the company cooperating with the bank, and (iii) the client has fulfilled all other mandatory requirements.
After the Bank has approved the loan application:

  • The Bank starts loan processing and disbursement process if the borrower confirms his/her intention to get the loan within 45 (forty-five) calendar days after receiving loan approval notice.
  • If the borrower confirms such intention after 45 (forty-five) calendar days following receiving loan approval notice, the loan approval decision needs to be re-approved.


Loan repayments may be affected by FX rates volatilities.

The borrower should maintain collateral protection insurance, which is subject to the tariffs and rates of the insurance company.


When applying for a loan, make informed decisions ...

‘Financial Assistant’ system at abcfinance.am website offering ‘Finance for Everyone’


Updated 17.10.2014, 19:42

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Dear visitor,
If you find any discrepancies in the website materials in Armenian, English and Russian languages, or incomplete materials in Russian and English languages, please consider Armenian version as prevailing.
Ameriabank CJSC does not bear any responsibility for the inaccuracy of information on the linked web sites, nor does it accept any responsibility for the advertisements therein or possible consequences arising out of use of information provided on the linked web-sites by the third parties.
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Head Office: 9 Grigor Lusavorich str. Yerevan 0015, Armenia
Tel.: (+37410) 56 11 11 Fax: (+37410) 51 31 33

Toll Free:

+1 888 802 5352 in USA

 +44 80 00786252 in UK; +8 800 100 5611 in Russia

E-mail:info@ameriabank.am
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