The offer aims to reduce the financial burden on customers while securing more affordable monthly repayments and a streamlined lending process.
Main
terms:
- Interest Rate: from 12.25%
·
Additional 0.5% reduction for customers
receiving their salary via an AraratBank card for a minimum of 3 months
- Effective Annual Interest Rate: 12.40% – 13.53%
- Loan Amount: from AMD 5 million up to AMD 150
million
- Tenure: 5 to 25 years
- Mortgage Costs: fully covered by the Bank (property clearance extract, notarization,
registration of the mortgage right, and appraisal fees)
- No Fees Required: no application processing fee, insurance, proof of income, or loan
package servicing fees
- Simplified Creditworthiness
Assessment: if the transferred loan has been
serviced for over one year, no income proof is required, and existing loan
obligations are not taken into consideration. However, the total number of
overdue days on the mortgage loan over the past year must not exceed 8
days.
AraratBank continues to develop customer-centric
solutions, supporting you on your journey to creating a comfortable and cozy
home.
AraratBank is regulated by the Central Bank of Armenia.
