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Mortgage loans are provided to individuals, real estate purchase and renovation purposes.

Mortgage loans are provided to the following conditions:

1. German-Armenian Fund's housing finance program

• The maximum loan amount of 12.000.000,
• The maximum loan term of 120 months.
• The annual loan interest rate from 13% to
• the purchase of real property at least 30% deposit.
• Estimated annual value of real estate, insurance, up 0.4% of the amount of
• The annual life insurance, up to 1% of the amount of the loan balance.

2. "National Mortgage Company" UCO Bank lending program

• The maximum loan amount of 20,000,000,
• The maximum loan term of 132 months.
• The annual loan interest rate from 13% to
• the purchase of real property at least 30% deposit.
• Estimated annual value of real estate, insurance, up 0.4% of the amount of
• The annual life insurance, up to 1% of the amount of the loan balance.

3. «For the youth," UCO Bank lending program

Loans are available for young families, where husbands amount does not exceed 60 years of age and at the same time neither of them mekine 35 years: single parent, the parent should not exceed 30 years of age.

• The maximum loan amount of 11,200,000,
• The maximum loan term of 180 months.
• The annual loan interest rate from 6.5% to
• for the purchase price can not exceed 16 000 000 drams, and the estimated value of 16,500,000 AMD
• the purchase of real property at least 30% deposit.
• Estimated annual value of real estate, insurance, up 0.4% of the amount of
• The annual life insurance, up to 1% of the amount of the loan balance.

4. Bank Loans

• The maximum loan amount of 100,000,000 or its equivalent in foreign currency,
• The maximum loan term of 120 months.
• The annual loan interest rate from 12%.
• In case of advance purchase real estate from 20%.
Mortgage loans for a servicing fee of 1% of loan amount - the amount

In case of early redemption of the loan shall be charged a penalty amount of the loan marvogh 1% of the amount.

Loan documents submitted to the Bank
• the customer's applications,
• customer identification documents (passport, social security card)
• information about the income (wages, etc.),
• Cost estimate (if renovation),
• Certificate pledged property and the owner's grounds,
• place of residence certificate
• other necessary documents.

All types of mortgage loans and consumer credit for a service fee of 1% of the amount, with the exception of Credit, the service fee is 0.9%.

Removal or replacement of collateral during the loan gravadrumits fee is charged for the 8000 AMD

In case of credit to borrowers are notified orally and in writing, then, if necessary, the court shall order the confiscation of the loan debt on the spreading of the pledged property, and in the case of the recent failure of the borrower's other assets on the judgment of the Court's failure to voluntarily made compulsory for seizure and sale.

In accordance with the contract requirement of collateral, it is also possible artadataranakan transfer of ownership of property pledged by the bank.

• Application on the name of the Chairman of the Board (manager of branch),
• Reference on property right of the pledged property or reference from the notary public on the property being free from right of third parties
• Income reference (salary, etc)
• Other documents as required

Method of loan interest calculation

Interest rates against loans are applied towards the balance of the principal amount. Repayment of interest is made on a monthly basis. Based on the special features of the business when repayment of principal amount of the loan it is possible to set unequal distribution repayment schedule. Irrespectively of the currency of the loan repayment of the loan is in Armenian drams only. Exchange currency rates may have an influence on the loan repayment in case of loans extended in foreign currency.

• Compliance with project requirements,
• Stable income,
• Availability of collateral, if otherwise provided by project requirements