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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: 13,000-28,000 Armenian drams, depending on the area and type of property
Notary’s fee: 13,000-25,000 Armenian drams
Real estate state registration fee: 26,000-81,000 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 a decision on loan approval within no more than 7 (seven) business days upon receipt of the complete set of documents. The decision is communicated to the client within 2 (two) business days. The loan is disbursed to the borrower within 3 (three) banking days upon insuring the collateral and originating of the bank’s security interest therein. If the bank makes a positive decision but the borrower fails to visit the bank within 30 (thirty) days upon receiving the respective notice, the loan decision is subject to re-approval by the authorized body. The applicant is informed about the decision of the authorized body within 1-2 (one to two) business days.

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.

_____________


1“Primary market” refers to the property which was put into operation no more than 5 years ago.
2 In case of renovation of over 3 items of commercial real estate by the same or affiliated persons, the application is reviewed in compliance with the Commercial lending procedure. 


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

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


Updated 01.10.2014, 15:51

Services for Individuals

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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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