Refinance your residential property purchase loan in AMD

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.

• 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

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 31 December 2021.

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.