Example 1. House purchase loan in AMD with annuity repayment type was provided to the customer.

  • Loan amount - AMD 25,000,000
  • Loan term - 120 months
  • Annual interest rate - 12%
  • Annual percentage rate - 13.16%
  • Days in a year - 365/366
  • Loan provision date - 01/03/2019
  • First repayment date - 01/04/2019
  • Loan full repayment date - 01/03/2029
  • One-off service fee for the loan - AMD 100,000
  • Monthly repayment amount AMD 358,677.37, out of which

Interest amount for the first month - AMD 254,794.52

Interest amount for the second month - AMD 245,550.74

Interest amount for the last month - AMD 3,577.92

Interest amount for the whole period of loan is AMD 18,074,857.98

Example 2. House purchase loan in AMD with Reducing repayment type was provided to the customer.

  • Loan amount - AMD 25,000,000
  • Loan term - 120 months
  • Annual interest rate - 12%
  • Annual percentage rate - 13.23%
  • Days in a year - 365/366
  • Loan provision date - 01/03/2019
  • First repayment date - 01/04/2019
  • Loan full repayment date - 01/03/2029
  • One-off service fee for the loan - AMD 100,000
  • Monthly repayments

Repayment for the first month - AMD 463,127.85, (out of which - interest amount AMD 254,794.52)

Repayment for the second month - AMD 452,853.88 (out of which - interest amount AMD 244,520.55)

Repayment for the last month - AMD 210,251.14 (out of which - interest amount AMD 1,917.81)

Interest amount for the whole period of loan is AMD 15,135,386.44

Example 3. House purchase loan in USD with annuity repayment type was provided to the customer.

  • Loan amount - USD 50,000
  • Loan term - 120 months
  • Annual interest rate - 9%
  • Annual percentage rate - 9.60%
  • Days in a year - 365/366
  • Loan provision date - 01/03/2019
  • First repayment date - 01/04/2019
  • Loan full repayment date - 01/03/2029
  • One-off service fee for the loan - AMD 100,000
  • Monthly repayment amount USD 633.38, out of which

Interest amount for the first month - USD 382.19

Interest amount for the second month - USD 368.00

Interest amount for the last month - USD 4.60

Interest amount for the whole period of loan is USD 26,043.05

Example 4. House purchase loan in USD with Reducing repayment type was provided to the customer.

  • Loan amount - USD 50,000
  • Loan term - 120 months
  • Annual interest rate - 9%
  • Annual percentage rate – 9.63%
  • Days in a year – 365/366
  • Loan provision date - 01/03/2019
  • First repayment date - 01/04/2019
  • Loan full repayment date - 01/03/2029
  • One-off service fee for the loan - AMD 100,000
  • Monthly repayments

For the first month - USD 798.86 (out of which interest amount is USD 382.19)

For the second month - USD 783.45 (out of which interest amount is USD 366.78)

For the last month - USD 419.54 (out of which interest amount is USD 2.88)

Interest amount for the whole period of loan is AMD equivalent of USD 22,703.08

Loan repayment

The following repayment options are available for the borrowers:

  • Principal is repaid in equal monthly installments, while interest amount decreases with the repayment of a principal. Therefore, monthly repayments will decrease over the loan tenor.
  • Repayments are calculated on annuity basis, where both principal and interest monthly repayment amounts change over the loan tenor, while the total monthly repayment amount remains constant.

 

Note: Accrued interest for the loans in foreign currency is subject to repayment with the loan currency or in AMD along with the monthly principal amount.

 

Interest amount calculation
Interest amount will be calculated on a daily basis by using the following formula:

I = R*L/365, where

I = one day interest amount
R = current interest rate
L = outstanding amount of loan

Last updated on: 7/3/2019 12:58:45