Loan terms1 |
From 24 months up to 240 months. |
---|---|
Loan amount |
From AMD 5 million up to AMD 200 million2. |
Loan to Value Ratio |
Loan amount cannot exceed:
|
*Required criterias |
|
Debt to Income Ratio |
The ratio of overall loan payments to net monthly income cannot exceed 60% if net monthly income is less than AMD 700,000 and 70%, if net monthly income is greater than or equal to AMD 700,000. |
Interest rate3 |
9% + 3% = 12% 9% + 2% = 11% for PLUS and STATUS customers Where: 9% - Bank’s AMD Retail Base Rate 3% - Constant margin for purchase loans in AMD 2% - Constant margin for purchase loans in AMD for PLUS and STATUS customers Annual percentage rate starting from 13.03% up to 15.94%. Annual percentage rate for PLUS and STATUS customers starting from 11.88% up to 14.10%.
Loan interest is calculated in the loan currency on a daily basis for 365 days and for 366 days in case of leap year on the loan outstanding balance.
LOAN INTEREST RATE CAN BE CHANGED IN CASE OF BANK’S AMD RETAIL BASE RATE CHANGE. |
Loan provision fee (one-off)4 |
1% of loan amount, maximum AMD 200,000. |
Loan terms1 |
Loan amount |
---|---|
From 24 months up to 240 months. |
From AMD 5 million up to AMD 200 million2. |
Loan terms1 |
Loan to Value Ratio |
From 24 months up to 240 months. |
Loan amount cannot exceed:
|
Loan terms1 |
*Required criterias |
From 24 months up to 240 months. |
|
Loan terms1 |
Debt to Income Ratio |
From 24 months up to 240 months. |
The ratio of overall loan payments to net monthly income cannot exceed 60% if net monthly income is less than AMD 700,000 and 70%, if net monthly income is greater than or equal to AMD 700,000. |
Loan terms1 |
Interest rate3 |
From 24 months up to 240 months. |
9% + 3% = 12% 9% + 2% = 11% for PLUS and STATUS customers Where: 9% - Bank’s AMD Retail Base Rate 3% - Constant margin for purchase loans in AMD 2% - Constant margin for purchase loans in AMD for PLUS and STATUS customers Annual percentage rate starting from 13.03% up to 15.94%. Annual percentage rate for PLUS and STATUS customers starting from 11.88% up to 14.10%.
Loan interest is calculated in the loan currency on a daily basis for 365 days and for 366 days in case of leap year on the loan outstanding balance.
LOAN INTEREST RATE CAN BE CHANGED IN CASE OF BANK’S AMD RETAIL BASE RATE CHANGE. |
Loan terms1 |
Loan provision fee (one-off)4 |
From 24 months up to 240 months. |
1% of loan amount, maximum AMD 200,000. |
Please read loan Terms and Conditions before applying.
1 Customer's minimum age is 18. Customer's age plus the loan term should not exceed 65 years.
2 For facilities with 90% LTV ratio provided with no additional property pledged maximum loan facility is limited to AMD 100mln.
3 Depending on risk assessment results, loan application may be approved at a higher interest rate.
4 0,5% of loan amount for PLUS and STATUS customers, maximum AMD 200,000.
You are eligible to apply for a residential property purchase loan if you meet the below minimum criteria
Salaried account holders
- You are an Armenian national or Armenian resident1
and
- Have an account with HSBC Bank Armenia CJSC (hereafter the Bank) and at least 3 months employment with a company maintaining satisfactory banking relationship with the Bank, and your net monthly salary is at least AMD 200,000
or
- Have an account with the Bank and at least 3 months employment with a company maintaining accounts with other banks in RA, and your net monthly salary is at least AMD 200,000. Salary should be transferred to your account with the Bank after loan drawdown (in case if prior salary transfer is not required by the Bank)2
or
- Have an account with any other bank with at least 3 months employment history and salary being transferred to your account for 3 months, and your net monthly salary is at least AMD 250,000
Non-salaried account holders
- You are an Armenian national or Armenian resident1
and
- Have satisfactory account record and banking relationship with the Bank for a period of 3 months and more, and the last 3 months average monthly balance and average balance of the last month have been at least AMD 200,000 (or equivalent in other currency)
or
- Have satisfactory account record and banking relationship with other local banks for a period of 3 months and more, and the last 3 months average monthly balance and average balance of the last month have been at least AMD 250,000 (or equivalent in other currency)
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.
Your property may be repossessed in case you do not properly meet your loan obligations
If the borrower does not pay the interest and loan principal amounts in time, information about credit history will be submitted to the Central Bank of Armenia and ACRA Credit Reporting CJSC after three business days of credit facility overdue, resulting in negative impact on borrower’s credit history, should the borrower decide to apply for another loan in the future. In case of existence the reporting is applicable for guarantors and co-borrowers as well.
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
Representative examples of interest amount calculation
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 - 13.30%
- 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
- Loan one-off provision fee - AMD 200,000
- 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 - 13.39%
- 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
- Loan one-off provision fee - AMD 200,000
- 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
Things you should know
Financial directory (website in Armenian)
Your Financial Directory is an electronic search and comparison tool for services offered to individuals to ease the process of making the most effective choice for you.
In case loan monthly repayments are not processed in line with the loan schedule and loan agreement and in case you do not properly meet your loan obligations, your property may be repossessed and you may be deprived of your rights over it.
Contact us
In branch
By phone
Call us at +347 60 655 000.
Lines are open 24/7.
Last updated on: 15.02.21, 07:12