Consumer loans secured by real estate
Individuals aged 18 – 63 who are residents of the Republic of Armenia and citizens of the Republic of Armenia
12-96 month
with maturity perioduntil 25,000,000
in AMD
Borrower
Citizen of the Republic of Armenia and resident individual over the age of 18
Currency
Armenian Dram (AMD)
Minimum loan amount
500,000
Maximum loan amount
25,000,000
Annual nominal interest rate (with income analysis)
14 - 20 %
Annual nominal interest rate (without income analysis)
14 - 20 %
Annual effective interest rate (with income analysis)
17.6 - 37 %
Annual effective interest rate (without income analysis)
17.6 - 37 %
Loan term
12 - 96 months.
Loan and interest repayments
1. Annuity - equal monthly repayments of the loan principal and interest amount2. Regressive - equal repayments of the loan principal, and interest amounts - monthly
Credit security
Real estate (apartment, residential building, public space, except for industrial premises). Any property located in Yerevan may be used as collateral. ** The decision to register real estate located outside Yerevan as collateral is made by the UCO Board.
Maximum loan/collateral ratio
In the amount of 70 % of the liquidation value of the pledged real estate (in some cases, the loan/collateral ratio is set at a maximum of 100 % by decision of the department)
Penalty
-In case of non-payment of the principal amount of the loan, in the amount of 0.1 % for each day of delay-In case of non-payment of the interest amount of the loan, in the amount of 0.03 %In addition, the annual interest rate continues to be calculated on the overdue loan amount until the overdue loan amount is repaid
Collateral valuation fee
According to current tariffs
Place of application submission
At the organization's business addresses
Maximum decision-making period
- 3 working days after submitting the complete package of required documents: - if the amount provided does not exceed 20,000,000 AMD or 40,000 USD,- 5 working days after submitting the complete package of required documents: - if the amount provided does not exceed 20,000,000 AMD or 40,000 USD
Deadline for informing the client about the decision
1 business day
Validity period of the decision
15 business days
Loan application review fee
0 - 5,000 AMD
One-time loan disbursement commission (charged from the loan amount at the time of loan disbursement)
0 - 2 %
Single certificate fee
10,000 AMD
Single Feference fee
15,000 ՀՀ դրամ
State registration fee for pledge rights
26,400 AMD
Attention
Dear customer, we inform you that this type of loan has a high actual interest rate, so please consider in advance other similar services available on the market and evaluate your ability to repay the loan.