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Refinance your residential property purchase loan in AMD

Reduce your monthly loan repayments and save money on interest with our limited-time refinancing offer

Switch now to cut your interest rates by 2% per year

Are you looking to reduce your monthly payments on a residential property purchase loan? By switching to HSBC Armenia, you could decrease your interest rates by 2% per year, up to a minimum of 9.9%.

Switching your residential property purchase loan to HSBC is a simple and affordable solution. There are no one-off service charges or loan provision fees, and we’ll take care of any costs in relation to property evaluation, notary service and certificate on restrictions.

Get acquainted with our exceptional refinancing terms: 
  • interest rate: minus 2% from the effective nominal interest rate of your loan with another financial institution, capped at a minimum 9.9% interest per year. 
  • the interest rate is fixed and will be effective for the first 36 months from the time you take out your loan with HSBC. After this period, our floating standard interest rate for residential purchase property loans in AMD will apply
  • maximum fixed interest rate: 11 to 12%1 
  • annual percentage rate: 10.6 to 13.25%
  • loan term: 5 to 20 years2
  • loan amount: AMD 5 to 200 million3

Apply today

Contact us to discuss how you could benefit from our refinancing offer.

Here’s how the process works

Presentation of documents and evaluation of credibility

Loan approval 

Loan and pledge agreement signing, notary processing and pledge registration

Insurance of residential property

Loan provision and transfer for repayment of the refinanced loan obligation 

Other details

  • you can refinance a residential property purchase loan whether it’s in AMD or foreign currency
  • refinancing loans are provided in AMD
  • the Bank bears the costs for property evaluation, notary service and certificate on restrictions.
  • the loan is provided:

- without one-off loan provision fee

- without monthly or annual service fees

  • you can choose one of two loan repayment methods:

- equal repayments of principal amount (reducing), or

- equal monthly repayments (annuity) 

This offer is valid until 10 February 2021.

Find out more 

How much could you save?

To find out how much you could save by taking advantage of our refinancing offer, simply call our 24/7 contact centre on +374 60 655 500 or request a callback using the button below.

You can also drop into your local branch at any time to speak with one of our customer service representatives. 

Things you should know

You can find the full credit details for this offer, plus other important documentation, by clicking the button below.

1 Maximum interest rate is 11% for Plus and Status customers.

2 Customer's minimum age must be 18. Customer's age plus the loan term should not exceed 65 years.

3 Loan amount: 90% of the purchased property evaluated market value. Debt to income ratio for AMD loans is 60 to 70% depending on income.

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Last updated on: 09.09.20, 10:41