ARMECONOMBANK OJSC has reconsidered the terms of microcredits for apartments granted for the renovation of a residential real estate, as a result the interest rates of the given loan type have been reduced.
The annual interest rate of the Loan is 10.9%. In case of the renovation of a real estate acquired within the framework the social housing program of ‘’YSU Alumni association ’’ NGO the annual interest rate will be 10%.
The loan is granted:
- In AMD
- With 60 moths tenor
- With 6-12 months grace period
If more than 50% of the loan amount is directed to the acquisition of materials / supplies for energy efficiency (outside window, door, heating system, solar water heater and other energy –efficient and thermal insulation materials) a grant will be provided at the rate of 10% of the credit amount which shall be directed to the repayment of the loan's principal amount.
For more information please visit the Bank’s official website by the following link- http://www.aeb.am/hy/bnakaranayin_mikrovark. In case of questions you can apply to any branch or the head office of Bank’s, as well as call the customers support center at +374(10)510-910 number.