| HSBC BANK information last update: 20-11-2009
| Loan |
Prepayment |
Annual Percent |
Loan |
Period |
| Residential Property Mortgage Loan |
Minimum 30%1 |
minimum 15%2 |
Up to AMD 20 million |
12 – 120 months |
| Residential Property Renovation Loan |
- |
minimum 15%3 |
AMD 1 million – 20 million |
6 – 108 months |
Residential property mortgage and renovation loans
1 - Loan amount can not exceed 70% of the property value if located in Yerevan or 30%, if located elsewhere in Armenia
2 - For the 1st - 9th years:
- Floating Interest rate calculated at National Mortgage Company refinancing rate* plus HSBC Bank Armenia Interest Rate Margin of 7.5% p.a.
For the 10th year:
- Floating Interest rate calculated at HSBC Bank Armenia AMD Base Rate plus Interest Rate Margin of 7.5% p.a.
3 - NMC refinancing rate* plus HSBC Bank Armenia Interest Rate Margin of 7.5% p.a.
* The mortgage loan re-financing interest rate is subject to change after each three years by the National Mortgage Company.
Bank Base Rate
Contacts:
Head Office - 66 Teryan Street,
Yerevan 0009,
Tel: (374 10 ) 51 50 00
Fax: (374 10 ) 51 50 01
E-mail: hsbc.armenia@hsbc.com
More information about HSBC BANK you can find on official site: www.hsbc.am
Information UPDATED: 09-02-2009
In this category you can find information about banks and mortgage companies providing various services in Armenia.
| Loan |
Prepayment |
Annual Percent |
Loan |
Period |
| Purchase of apartments and houses |
20-30% |
12% |
up to AMD 20 mln. or equivalent foreign currency |
up to 20 years |
| Renovation, reconstruction |
- |
starting from 15 % |
up to AMD 5 mln. or equivalent foreign currency |
up to 5 years |
Contacts:
3, Kievyan Str.,
Yerevan 0028, RA
Phone (+374 10) 277719, 277729, 271485, 271486
Fax (+374 10) 277749
More information about ARTSAKH BANK you can find on official site: www.ab.am
| Loan |
Prepayment |
Annual Percent |
Loan |
Period |
| Purchase |
30% |
14-16% |
up to 20 000 000 AMD |
up to 12 years |
| Repairing |
- |
16-18% |
up to 12 000 000 AMD, but not more than 50% of defined price |
up to 10 years |
| New life in a new apartment for ewly wedded couplens |
- |
13% |
up to 20 000 000 AMD |
15 years |
Contacts: Head Office - Yerevan, Pushkin str., 19, Information Desk: (+ 374 10) 52-79-79
Loans Department: (+ 374 10) 54-79-63, 54-79-81, 54-66-43, 54-66-42
More information about ARARAT BANK you can find on official site: www.araratbank.am
| Loan |
Prepayment |
Annual Percent |
Loan |
Period |
| Purchase or Contruction |
From 30% |
14% or 16%,
in some cases - 13% |
1 000 000 - 40 000 000 AMD |
max 120 months |
| Repairing |
- |
20-22% |
200 000 - 10 000 000 |
max. 60 months |
Contacts: Head office - 1 Byron Street, Yerevan,
Tel.: (374 10) 56 58 58, 56 85 85
E-mail: acba@acba.am, marketing@acba.am
ACBA-CREDIT AGRICOLE BANK conducts intensive crediting policy. ACBA-CREDIT AGRICOLE BANK is an acknowledged leader in the volume of loans provided to the real sector of the economy. The bank issues loans in the areas of agriculture, production, trade and service businesses.
Our bank offers agricultural loans, long-term agricultural loans, study loans, paw-loans (backed by gold as a pledge), deferred payment loans, vacation loans, consumer loans, commercial loans, express loans, mortgage loans for purchasing or renovating apartments, living-houses, other housing property, credit lines attached to cards.
More information about ACBA-CREDIT AGRICOLE BANK you can find on official site: www.acba.am
| Loan |
More info |
| Mortgage Plus |
>>> |
| Mortgage loan - "Noramut" /"Innovation"/ |
>>> |
| Real estate purchase loan -"Capital" |
>>> |
| House renovation loan - "Modern"; |
>>> |
| Construction loan - "Noruyt" /"Novelty"/ |
>>> |
Contacts:
Head Office - 26/1 V. Sargsyan, Yerevan 0010, Republic of Armenia
Tel: (374 10) 511200, 511211
Fax: (374 10) 511212
E-mail:
post@conversebank.am
"Converse Bank"Â closed joint stock company is one of the leading banks of Armenia. It provides persistently high growth rate and safe protection of its Customers' and Shareholders' funds. Due to trust of customers and Partners, the Customer base of the Bank has drastically increased at five times during the last two years. The Bank's balanced policy is a guarantee for stable and high financial and economic data.
More information about COVERSE BANK you can find on official site: www.conversebank.am
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