Mortgage loans for construction purposes

A citizen and resident of the Republic of Armenia aged 20 - 55*The borrower must be the owner or co-owner of the land pledged for development purposes

A citizen and resident of the Republic of Armenia aged 20 or older, but not exceeding 55 years old.

Residential house construction

Armenian Dram (AMD) / US Dollar

5,000,000

50,000,000

60 - 180 months.

13 - 17 % / 9 - 12 %

14.1 - 20 % / 9.7 - 14.2 %

According to the submitted estimate, but not more than 80% of the market value of the collateralThe loan is provided in 3 stages:Stage 1: for the construction of the foundation of the residential house under construction according to the estimateStage 2: for the construction of the external and internal walls of the residential house under construction, maximum, according to the estimateStage 3: for the interior decoration of the already constructed residential house, maximum, according to the estimate

Phased: cash (after the first phase, loans are provided in subsequent phases only if there is a positive conclusion from the monitoring of the intended use of the loan provided in the previous phase)**The company conducts construction monitoring at least once every 2 months (as well as mandatory before the provision of the 2nd and 3rd phases) and after the completion of construction

0 - 10,000 AMD

0 - 3 % of the loan principal amount

Monthly: annuity or equal amortization(with a grace period of up to 6 months at the borrower's request until the completion of construction work, with monthly repayment of only the interest amount, then with the possibility of monthly repayment of the principal amount and interest amount)

No penalties apply

Not required

1. Absence of overdue/classified liabilities as of the date of loan receipt2. Total number of overdue days not exceeding 30 days in the previous 12 months

-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 repaidThe maximum annual amount of the penalty determined by the contract cannot exceed four times the bank interest calculation rate set by the Central Bank of the Republic of Armenia, unless otherwise provided by lawThe total amount of all penalties determined by the contract cannot exceed the principal amount of the debt currently outstanding

The collateral must be valued by an independent valuation organization cooperating with the Company and be acceptable to the Company

After submitting the complete package of required documents3 working days if the amount provided does not exceed 20,000,000 AMD or 40,000 USD5 working days if the amount provided exceeds 20,000,000 AMD or 40,000 USD

At the organization's business addresses

1 business day

15 business days

Land acquired for development purposes and/or land to be acquired and/or additional real estate, assessed at market value** In the case of real estate outside the city of Yerevan, the decision is made by the UCO Board

15,000 - 25,000 AMD

25,000 AMD

26,400 AMD

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.