Requirements to Borrower
Resident individual over 18 years
Registered and living in the Republic of Armenia
Has a constant income source acceptable by the Bank
Monthly- equally (annuitant), or
Real estate security is made by the customer at the insurance company licensed by RA CB, according to the tariff determined by the latter. The tariffs vary from 0.25% to 0.3 % of the loan balance.
Insurance for accidents of the Borrower and Co-borrowers is realized by the customer (except the co-borrowers having no income) in the insurance company licensed by RA CB, according to the tariff determined by the latter. The tariffs vary from 0.25% to 0.3 % of the loan balance.
Collateral arrangement expenses
All the expenses related to the collateral formation (notarization, registration of the real estate in subdivisions of Cadastral territory) is made by the borrower
Notary fee - AMD 15.000-25.000
Joint reference (on restrictions against real estate) - AMD 10.000
Certificate on the registration of right to real estate- AMD 27.000-75.000
Negative decision grounds
Negative assessment of customers՚ financial state
Non-credibility of the presented documents
Customer’s negative loan history
Other reasons that will hamper the loan repayments according to the Bank assessment.