Purpose of guarantee
• Bid provision,
• Tender participation,
• Quality assurance,
• Contract provision
• Tender participation,
• Quality assurance,
• Contract provision
Currency of guarantee
AMD, irrespective from the currency of collateral
Annual interest rate
1-4%
Frequency of repayments
Under the condition of one-time payment of the interest amount or under the condition of monthly payment
Security
By securing funds or other means
Insurance
By securing funds or other means
Loan amount
• Real estate security is made by the customer at the insurance company licensed by RA Legislation and cooperating with the Bank at the tariff determined by the latter, the range of which varies from 0.15-0.2% based on collateral type
• Insurance for cars 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 2.5-3 % of the loan amount
The minimum of the pledged estate assessed value and loan amount is taken as a basis for the insurance.
• Insurance for cars 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 2.5-3 % of the loan amount
The minimum of the pledged estate assessed value and loan amount is taken as a basis for the insurance.
Real estate appraisal
Is realized by any assessment organization licensed by RA legislation and cooperating with the Bank, according to the tariff determined by the latter, which may vary from:
• In case of car - AMD 15.000-20.000
• In case of real estate - AMD 20.000-200.000
• In case of car - AMD 15.000-20.000
• In case of real estate - AMD 20.000-200.000
Collateral arrangement expenses
All the expenses related to the collateral formation (notarization, registration of the real estate in subdivisions of Cadastral territory) are covered by the borrower:
• Pledged vehicle notary fee - AMD 12.000
• RA Police Fee (barrage and for pledge of real estate ) - AMD 5.000
• pledged real estate notary fee - AMD 15.000
• Joint reference (on restrictions against real estate) - AMD 10.000
• Certificate on the registration of right to real estate- AMD 27.000
• Pledged vehicle notary fee - AMD 12.000
• RA Police Fee (barrage and for pledge of real estate ) - AMD 5.000
• pledged real estate notary fee - AMD 15.000
• Joint reference (on restrictions against real estate) - AMD 10.000
• Certificate on the registration of right to real estate- AMD 27.000
Loan formation is carried out
“ARMECONOMBANK” OJSC head office and branches